South African VC Company Kalon Venture Partners Raises a Quarter of a Billion Rand

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team
Published on July 3, 2021

Kalon Venture Partners, a digital technology Venture Capital firm headquartered in South Africa, has raised over a quarter of a billion rand as a part of its final Section 12 J capital raise.

Established in 2006, Kalon’s fund has already invested in promising tech companies with its first fund and seven of those companies with the second fund.

Companies that have received capital from Kalon have already created more than 200 jobs. With success in its final raise, the firm is finding innovative South African entrepreneurs who need funding.

“The Section 12 J initiative enabled South African investors to participate in the exciting venture capital asset class. The Section 12 J initiative was born in 2009 to raise capital to assist early-stage entrepreneurs to grow their businesses,” the CEO of Kalon Venture Partners Clive Butkow said.

Not only does the fund provide capital, but Kalon Venture Partners also offers mentorship, guidance, and much more. Kalon invests in South African entrepreneurs with innovative technology solutions and supports them in scaling both locally and into global markets.

In addition, the firm supports executive and non-executive teams who have years of experience in building and scaling international businesses.

The CEO added, “having been involved in building many technology businesses, we provide more than financial capital but operational skills in helping scale the businesses. We are the operators behind the entrepreneurs and our “High Touch” approach is what many entrepreneurs are looking for to scale their businesses.”

By setting out the selection criteria, the firm wants to ensure that they only invest in the best tech companies in South Africa.

“We look for the best entrepreneurs and teams, the technology we invest in must have a competitive edge that is 10 X better, faster, cheaper than their competitors. Kalon also looks for businesses that display good traction with a large addressable market,” according to Clive Butkow.

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team

Nicholas Ross Say is a news desk editor at Grit Daily. An award-winning journalist, he covers the daily startup beat. He grew up in Ann Arbor, Michigan and has lived in South America and South East Asia. At present, Nicholas lives in Southern Vietnam where the Sun shines, and the noodles flow like wine. He's written for Blockonomi and Coin Journal, among others.

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