SA's Knife Capital reaches final close of $50m African Series B expansion fund
South African VC firm Knife Capital has reached final close of its US$50 million African Series B expansion fund, Knife Fund III.
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South African VC firm Knife Capital has reached final close of its US$50 million African Series B expansion fund, Knife Fund III.
Venture capital firm Knife Capital closed its $50 million African Series B expansion fund, securing backing from notable investors.
Knife Capital has closed its $50 million Series B fund to invest in the expansion of South African startups primarily, with consideration for startups in the rest of the continent as well.
The Knife Fund III will seek to directly invest in the aggressive expansion of South African breakout companies at the Series B stage.
South African e-mail and domain security start-up Sendmarc has raised the equivalent of R125-million in a series-A fundraising round led by Atlantica Ventures.