In the first round of Harvest Fund 3, Endeavor South Africa surpassed its target of 150 million Rand and raised 190 million Rand. Exceeding their goals to this extent clearly demonstrates the growth and further expansion of their influence across the continent.
In the previous Harvest Fund, investments were made in a total of 17 companies. Well-known investors like Standard Bank, Allan Gray, and the SA SME Fund participated in this fund.
Harvest Fund 3 aims to invest in 135 companies selected by Endeavor, with 85% of the fund specifically allocated to South African companies.
Endeavor South Africa’s Managing Director, Alison Collier, commented on the process, saying, “We have a deep understanding of the 135 businesses in our pipeline and are confident in their growth potential.”
Harvest Fund 2 generated over 7.7 billion Rand in revenue, achieving a 58% increase, and created more than 9,200 job opportunities. For Harvest Fund 3, a revenue growth of at least 25% is expected.
Major unicorns like Go1 and TymeBank, as well as fast-growing companies such as Clickatell, Onafiq, and Sendmarc, have benefited from Endeavor’s funds.
Endeavor South Africa continues to create new resources, promote growth, and contribute to the continent’s technological advancement.