Endeavor South Africa Raises $11M in First Close of Harvest Fund III
TLDR
- Endeavor South Africa closes $28.8 million Harvest Fund III at $11 million, focusing on high-potential tech companies across Africa.
- Fund provides mentorship, global network, and capital to invest in 20-25 Southern Africa and 5 other African region companies.
- Key investors in Harvest Fund III include Standard Bank, Allan Gray, and SA SME Fund, targeting high-growth founder-led businesses with local and global expansion potential.
Endeavor South Africa has hit the first close of its $28.8 million Harvest Fund III, securing $11 million. The fund aims to drive growth in high-potential, tech-related companies across Africa.
The South African unit, founded in 2004, provides access to mentorship, a global network, and capital through its Harvest Fund and global investment partners. Major investors in Harvest Fund III include Standard Bank, Allan Gray, and the SA SME Fund. This first close follows the success of Harvest Fund II, which invested in 17 companies.
The third fund will invest in 20-25 companies in Southern Africa and five in other African regions, focusing on high-growth, founder-led businesses with strong local and global expansion potential.
Key Takeaways
Endeavor South Africa’s Harvest Fund III will build on its proven strategy of investing in high-growth African tech companies. The fund’s pipeline includes 135 vetted businesses, selected through Endeavor’s rigorous international process. With investments backed by major institutional investors, the fund will support scalable companies with strong IP and global growth potential, driving innovation and tech entrepreneurship across Africa.
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