September 29

South African Venture Fund Secha Capital Raises $16 Million from Blue-Chip Investors

By Thulani Mpofu

Secha Capital (Secha), a South African group that invests in growth-stage small and medium-size enterprises (SMEs) on the continent, has announced the first close of its second fund which has raised about $15.6mn.

Techfinancials quoted a release by Secha on September 26 indicating that blue-chips – RMB Ventures, 27four Investment Managers (27four), The SA SME Fund and Caleo Capital – are among the investors.

Photo courtesy of Edward Howell.

Source: bne IntelliNews (link opens in a new window)

Investing, Technology
impact investing, MSMEs, sustainable business