South Africa : Knife Capital Closes $50 Million Fund to Invest in Growth-Stage Startups

Knife Capital has closed its $50 million Series B fund to invest in the expansion of South African startups primarily, with consideration for startups in the rest of the continent as well.

South African venture capital firm Knife Capital has announced the close of its $50m Series B expansion fund, Knife Fund III. The fund will provide follow-on funding and invest in the expansion of African innovation-driven companies.