Kalon to launch $50 million VC fund for Africa startups

Kalon-Sendmarc

Kalon Venture Partners, a South African venture capital firm is set to launch a fund worth $50 million for start-ups in Africa.

Disrupt Africa reports that this marks the first time the firm will be investing outside of South Africa. Established in 2016, Kalon Venture Partners has supported 11 technology companies in South Africa. Its portfolio includes cybersecurity startup Sendmarc, prop-tech company Flow, payments firm Ozow, and marketing startup Mobiz.

The firm’s previous fund, which closed in 2021, was valued at ZAR250 million (then $17.5 million).

It was a fund which incentivised local taxpayers to invest in South African firms and receive a tax deduction of up to 100%.

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