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GroTech hits $4.2mln for initial fund close

Landing a significant commitment from Caleo Capital, GroTech’s venture capital fund has raised an initial R62 million or approximately $4.2 million and will now start the process of building a portfolio of high-growth technology companies. According to the private placement memorandum accessed through GroTech’s website, the fund was originally targeting a raise of R50 million by the end of February 2016.

Read more at Business Day…

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