Conducive Capital's $50m VC Fund
South African venture capital firm Conducive Capital has unveiled a US$50 million fund dedicated to backing early- and growth-stage startups across South Africa and the broader African continent. Founded by industry veterans Clive Butkow, former CEO of Kalon Venture Partners, and Mitchan Adams, co-founder of South African fintech firm Ozow, Conducive Capital embarks on a mission to foster innovation and drive entrepreneurial success in Africa's burgeoning startup ecosystem.
Pioneering Leadership
Led by Butkow and Adams, Conducive Capital sets its sights on raising its inaugural round, aiming for an initial close of US$15 million by July 2024 and a final close of US$50 million within 24 months. Leveraging their extensive experience and networks within the venture capital landscape, the founders are poised to position Conducive Capital as a leading investor in disruptive technologies with global scalability potential.
Investing in Disruptive Technologies
Conducive Capital's investment strategy focuses on identifying disruptive technologies that demonstrate post-revenue performance, capital efficiency, and strong unit economics with a proven product-market fit. The fund seeks startups with the capacity to scale their businesses locally and internationally, providing crucial support to fuel their growth trajectory and market expansion efforts.
Promoting Diversity and Inclusion
In addition to driving innovation and entrepreneurial success, Conducive Capital is committed to enhancing diversity and inclusion within the startup investment sector. With a particular emphasis on fostering the next generation of black women venture capitalists, the firm aims to address the underrepresentation of women in the industry and empower diverse voices to shape the future of entrepreneurship in Africa.
Leveraging Industry Expertise
Backed by the disruptive influence of Kalon Venture Partners and the trailblazing success of Ozow in the payments industry, Conducive Capital brings a wealth of business acumen and technical expertise to the table. Beyond financial investment, the firm pledges comprehensive support to its portfolio companies, offering strategic guidance, operational expertise, and mentorship to nurture startups into industry frontrunners.
Fueling Entrepreneurial Growth
With a vision to catalyze innovation and drive entrepreneurial growth, Conducive Capital emerges as a pivotal player in Africa's venture capital landscape. By providing access to quality capital, fostering diversity and inclusion, and offering strategic support to startups, the firm aims to propel the next generation of African entrepreneurs to success on both local and global stages.
