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Vark Raises USD7.2M in First Close of Series C

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

Yutaka Sugimoto , Takuya Kato , Investment Co Ltd , Dentsu Inc , Mitsubishi Ufj , Capital Co Ltd , Group Co Ltd , Tv Tokyo Corporation , First Close , Netease Games , Founder Takuya Kato , Virtual Music Festival ,

South African investment fund has surpassed its initial venture capital raising target

The SA SME Fund announced on Monday that not only has it successfully achieved First Close for its Venture Capital Fund of Funds (VCFoF), but also that it has significantly exceeded its target figure. The SA SME Fund is a collaborative effort between the South African business sector and government and was set up by members of the CEO Initiative. It is intended to help stimulate the country’s economic growth. The VCFoF is intended to be a R1-billion fund. Its First Close was aimed at raising R500-million. In fact, it raised R600-million. The first commitments to venture capital funds should take place next month. The VCFoF also has a well-defined transformation mandate. ....

South Africa , South African , Ketso Gordhan , Adrian Gore , Debt Fund , Venture Capital Fund Of Funds Vcfo , First Close , Venture Capital Fund , Knife Capital ,