South African tech investment firm AYO launches US$12.7m fund for start-ups

SOUTH AFRICA – Johannesburg Stock Exchange (JSE)-listed technology investment group AYO Technology Solutions has launched a ZAR200 million (US$12.7 million) fund to help African startups grow.  The fund is aimed at second-round funding opportunities for companies that have a proof of concept and that are ready to scale. As part of the new fund, AYO will allocate ZAR200 million (US$12.7 million) each year to help qualifying companies, organisations and entrepreneurs scale their businesses. Half of the fund is to be allocated to South African companies of which 50 per cent…

Read More