🚀 Conducive Capital Launches $50M VC Fund to Empower African Startups 🌍💡

🚀 Conducive Capital Launches $50M VC Fund to Empower African Startups 🌍💡

#startup
#venture capital
#investments
#funding
Exciting news in the African startup ecosystem! Conducive Capital, led by Clive Butkow and Mitchan Adams, has unveiled a $50 million venture capital fund targeting early- and growth-stage startups in South Africa and beyond. With a focus on disruptive technologies and fostering diversity, the fund aims to provide not just capital but strategic guidance and mentorship to nurture the next generation of industry frontrunners. 🌐💰

South African VC firm Conducive Capital, founded by Clive Butkow and Mitchan Adams, has launched a $50 million fund to support early- and growth-stage startups in South Africa and Africa. The fund seeks disruptive technologies with good unit economics, post-revenue, and scalability potential. In addition to providing capital, Conducive Capital aims to enhance diversity and cultivate the next generation of black women venture capitalists. The first close is anticipated in July 2024, targeting a final close within 24 months. 🌍🚀 


#StartupNews #VentureFunding #AfricanInnovation


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