High-Impact Entrepreneurs Raise 4x Capital Year-On-Year
Endeavor empowers entrepreneurs for business growth
Despite prolonged global market uncertainty, Endeavor South Africa has reported significant growth in their portfolio of disruptive tech businesses. The local chapter of the global non-profit organisation, which supports high-impact entrepreneurs in emerging markets, reported collective raises of R2bn in 2020 alone amongst the portfolio of 29 businesses, compared to R1.3bn combined during 2018-2019. A number of these businesses delivered strong results, one of which achieved a 300% uptick in volume.
Capital Markets Lead Antonia Bothner attributes this acceleration in capital raising due to the growth stage nature of these businesses and the strong underlying performance of the businesses in the tech or tech-enabled space. The portfolio is...