Joburg based tech VC company Grotech rebrands
Joburg venture capital company, Grotech has rebranded as Kalon Venture Partners as the group closes in on three new deals in the digital technology space.
“The Kalon board decided to rebrand to better reflect the vision of being the pre-eminent digital technology venture capital company in Africa by investing in and growing entrepreneurs who solve African and global problems,” said Clive Butkow, CEO of Kalon.
“The revised Kalon mission is to create as much non-financial as financial value, by investing smart capital, supported by smart interventions resulting in enhanced returns for both investors and entrepreneurs.”
The board includes Butkow, a former COO of Accenture South Africa, Gil Oved, a Dragon in the launch series of Dragons Den, a shark on Shark Tank and co-founder of advertising agency, The Creative Counsel, Nic Liebmann who co-founded Caleo, a private equity and wealth management group, and former Vodacom executive, Romeo Kumalo.
The first of the three deals is in the in’fluencer marketing software’ space – to provide and supply a transactional exchange for sponsored content.
The second company is a digital marketplace that enables anyone to purchase and lease solar panels to commercial scale solar energy projects in emerging economies, while the third investment is in a cashback coupon app that gives shoppers cash back on selected products, wherever they shop, just by snapping a photo of their till slip.
Kalon Venture Partners said it is targeting returns of more than 30% per annum and a minimum of five times the money invested over five to seven-years.
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