Impact Alpha - Secha Capital reaches first close of second fund for early-stage enterprises in South Africa

Johannesburg-based Secha Capital launched its first fund in 2017 to prove the investment case for “boring” companies with solid revenues. Secha will soon close its tenth investment from the 35 million rand ($2.7 million) “proof of concept” fund. 

Secha has now also reached a first close on its second fund. The firm didn’t disclose how much it has raised; it’s targeting a $30 million final close by the end of next year.

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