Jeewan said African tech companies were, surprisingly, enjoying market impetus, and start-ups had fared reasonably well regardless of the coronavirus pandemic that has collapsed and constrained numerous sectors around the globe.
In July, SweepSouth, a South African company that connects domestic cleaners to cleaning assignments via an online platform, announced an undisclosed amount in venture capital investment from Futuregrowth, a Cape Town-based asset management firm. This followed the company’s successful R60-million (US$3.9 million) capital raise in December 2019.
In May this year, media giant Naspers invested R100 million in agritech business Aerobotics, and in August it committed to investing R1.4 billion in the next generation of local tech start-ups.
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