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Grotech rebrands to Kalon Venture Partners

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Grovest Tech, often referred to as Grotech, is rebranding itself to better reflect it’s goal of becoming the continent’s pre-eminent digital technology venture investor.  Kalon Venture Partners, as the South African 12J Venture Capital Company is now known, will continue to be led by Clive Butkow who said the firm’s revised mission was 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.”

In the statement announcing the change, the firm announced that it is on the cusp of making 3 investments and has a strong pipeline of future deals following an intensive screening process of hundreds of companies over the last 18 months. While unnamed for the moment, the deals in question involve an African influencer marketing software business that is well-positioned to expand internationally, a digital marketplace facilitating the purchase and lease of solar panels and South Africa’s leading cashback coupon app which already has a presence in over 50 countries and is poised to expand into even more countries around the world.

Grovest’s Chairman, Malcolm Segal, will also chair Kalon’s eight member board of directors who will take a hands-on approach with all aspects of Kalon’s investments and dealings with entrepreneurs. All bring significant venture capital and technology company building skills to Kalon, and include among their number Gil Oved, a Dragon in the launch series of Dragons Den, a shark on Shark Tank and co-founder of The Creative Counsel, South Africa’s largest advertising agency and Nic Liebmann who co-founded Caleo Capital, a private equity and wealth management group.

2 Trackbacks & Pingbacks

  1. Grotech rebrands to Kalon Venture Partners | Africa Capital Digest « SAVCA
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