Mamor Capital Secures R300m First Close for New South African Tech Fund

Black women-owned venture capital firm Mamor Capital Ventures has secured R300 million ($18.8 million) in the first close of its debut technology fund, giving the Johannesburg-based investor fresh capital to back growing South African tech companies. The first close puts Mamor Capital more than halfway towards its R550 million fundraising target and allows the firm to begin deploying capital after more than three years of fundraising. The Public Investment Corporation (PIC), South Africa’s state