Feb 11, 2021 Mineworkers Investment Company (MIC) has committed $10-million to venture capital firm Knife Capital’s new African Series B expansion fund, Knife Fund III. The Fund’s aim is to invest behind the aggressive expansion of African innovation-driven companies and fill a critical follow-on funding gap. The commitment positions MIC as anchor investor to the Fund alongside other local and international investors. Speaking on the announcement, Nchaupe Khaole, Chief Investment Officer at MIC explained: “The move to change the way local institutional investors approach venture capital investment has been in the pipeline at MIC for a number of years now. Our venturing into the earlier-stage alternative asset class space makes sense given the slow economic growth in the last three years.