Endeavor fund lands double its initial goal at final close

Image Credit: Pixabay

Endeavor South Africa has held the final close for its latest venture fund, raising more than double its initial target. Endeavor Harvest Fund II now has a total of R190 million (or approximately $13 million) to invest in startups. The fund, which held its first close last year, has already built a portfolio of ten businesses including some of the more notable startups including Clickatell, Flexclub, Tymebank, and Sendmarc.

Endeavor’s strategy is to co-invest alongside other investors, opening up its global investor network to a pipeline of South Africa-based entrepreneurs. The venture firm helps the entrepreneurs negotiate term sheets and then invests in the deals itself under the terms agreed between the startup and the round’s lead investor.

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.