Mamor Capital Raises $18.8M for First VC Fund

South African venture capital firm Mamor Capital Ventures has raised R300 million ($18.8 million) in the first close of its inaugural fund, giving the firm capital to back technology companies that have moved beyond the idea stage but still face difficulty accessing growth funding. The fund, anchored by the Public Investment Corporation (PIC) , is targeting R550 million ($34.4 million) in total commitments. Mamor said it will invest in South African technology businesses that already have paying