South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.
In a February 2021 interview with managing partner Andrea Bohmert, she noted that Africa had become an incubator for international investors who write growth-stage checks but couldn’t provide necessary local support because of this gap. Furthermore, the scarcity of local VCs in the growth stage has deterred many international investors looking for co-leads from proceeding with an investment.
Knife Capital III (as it’s been dubb...
