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Inspiring Africa's Sustainable Business Growth
SOUTH AFRICA – Co-investing fund Endeavor South Africa has raised R190 million (US$12.91m) in the final close of its Harvest Fund II. The fund has invested in 10 companies since its first close in 2021 with headline grabbing participation in Clickatell and Flexclub rounds the obvious highlights. Harvest Fund II is a founder-aligned, rules-based, co-investing fund, into a vetted pipeline…
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SOUTH AFRICA – Endeavor South Africa, a community of high-impact entrepreneurs, has raised R130 million (US$8.19m) to date in its Harvest Fund II, doubling the fund size since its first close in late February. The firm says the fund is on track to be fully invested by 2022, a year ahead of plan, and has invested in six technology companies…
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EGYPT – Endeavor, the global community of high-impact entrepreneurs, has announced the appointed Heba Ali as its new Managing Director of Egypt. An investor, development economist and business strategist, Heba has been a pioneer in her field since 2007. Throughout her career, Heba has focused on high-impact entrepreneurship, venture capital investment, business model and institutional innovation, and building strategic partnerships;…
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SOUTH AFRICA – Sendmarc, a cybersecurity email protection and compliance start-up, has secured funding from Endeavor South Africa as it looks to scale more quickly. The amount of the investment funding was not disclosed. Launched in 2018 by Sam Hutchinson, Keith Thompson, and Sacha Matulovich, Sendmarc provides the setup, implementation and reporting functionality for a global email protection standard known as DMARC. …
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SOUTH AFRICA – South African car subscription marketplace FlexClub, has added a further US$5 million in equity and debt funding to the US$S1.2 million it raised in 2019 to help it scale. Formed in November 2018, FlexClub is a managed marketplace that simplifies investing in cars rented to people using gig platforms to earn a living and essentially allows users to purchase vehicles…
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KENYA – Three entrepreneurs behind Copia, a Kenyan consumer goods catalogue and delivery service, have been selected to join Endeavor Network, a non-profit organisation that supports high-impact entrepreneurs around the world, to gain access to various support services to help them scale their businesses. The three — Tim Steel, Crispin Murira and Tracey Turner are part of 37 high-impact entrepreneurs…
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