South African Venture Capital Firm, Futuregrowth Launches a Growth Development Fund
A South African venture capital firm called Futuregrowth has announced intentions to launch the Futuregrowth High Growth Development Equity Fund (HGDEF), which will concentrate on funding firms with a significant positive impact on development.
Futuregrowth is a leading developmental investor and South Africa’s eighth-largest asset management organization with more than 50 fund products, more than 25 years of experience, and more than 100 staff.
According to Futuregrowth’s head of private equity and venture capital, Amrish Narrandes, “We have been funding early-stage equity investments through the DEF for more than nine years.
The brand-new Futuregrowth High Growth Development Equity Fund aims to support South African entrepreneurs who break new ground and alter our way of life. We believe that through making investments in South African businesses, we can help the country’s economy grow and create jobs.
The Futuregrowth Development Equities Fund (DEF), which has a 16-year track record of investing in unlisted developmental equity, and the fund will coexist.
According to Futuregrowth’s Chief Investment Officer, Andrew Canter, the moment is ideal for a risk-taking proposition. Following the development of the South African market, taking into account South Africa’s strategic location for disruptive businesses, and investing in a number of high-growth equity deals, we have been thinking about an early-stage equity fund for a number of years.
The Futuregrowth HGDEF is one of a number of impact sectors that are covered by Futuregrowth’s family of developmental investment funds, which also includes infrastructure, social services, clean energy, agriculture, and more.
