Endeavor South Africa has announced the first close of its ZAR500 million (US$28.8 million) Harvest Fund III, securing ZAR190 million (US$11 million) as it aims to catalyse growth in high-potential tech-related companies across the African continent. Endeavor South Africa, which opened its offices in 2004, offers access to mentorship, a global network, and capital, via introductions to investors in its global network, the Endeavor Global Catalyst Fund, and its own Harvest Fund. The third edition of the Harvest Fund has just made a first close of ZAR190 million to its ZAR500 million target. The first close coincides with the final investment of the highly successful ZAR190 million Harvest Fund II, which made 19 investments in 17 companies. We engage with them continuously and will assess their capital needs to guide the fund’s investments,” said Endeavor South Africa managing director Alison Collier.

Source: The North Africa Journal October 14, 2024 06:30 UTC