Mamor Capital Raises $18.6 Million First Close for South African Tech Fund

Mamor Capital Ventures has secured an approximately $18.6 million (R300 million) first close for its maiden venture capital fund, giving the South African investment firm fresh capital to back post-revenue technology companies. The black women-owned and managed venture capital firm is continuing to raise capital for Fund 1, which has a target size of about $34 million (R550 million) . The first close comes after more than three years of fundraising and marks the beginning of the fund’s investmen