Despite this, she is upbeat about the prospects of South African startups, even though she concedes that a few might fail. Keet van Zyl, co-founder and partner at venture capital firm Knife Capital, believes there is some legitimacy to the hypotheses. Venture builders find their mojoAs economic headwinds become stronger and set against the context of a global decline in venture funding, venture builders have emerged as dominant players in South Africa’s startup scene. South Africa’s venture builders have had some success—the powerful presence of corporate venture funds in the ecosystem helps. The growth of venture builders in the last five years in South Africa is not seen as special.

Source: The North Africa Journal August 12, 2023 14:20 UTC