South African VC firm Knife Capital has reached final close of its US$50 million African Series B expansion fund, Knife Fund III. The Cape Town-based Knife Capital is a venture capital and growth equity investment manager focusing on innovation-driven ventures with proven traction. By leveraging knowledge, networks and funding, Knife Capital accelerates the international expansion of African entrepreneurial businesses that achieved a product-market fit in a beachhead market. Knife Fund III supports the expansion of African innovation-driven companies to fill a critical follow-on funding gap, as lead investor and through co-investment with other credible funders across the continent. Raising a venture capital fund in Africa is a long and challenging journey, but we could not have scripted the outcome any better.”Knife Fund III is already partnering with successful entrepreneurs on the continent.

Source: The North Africa Journal August 11, 2023 18:00 UTC