New Investments
South African VC firm REdimension raises more than $10m to support proptech startups in Africa
South African venture capital firm, REdimension Capital, has secured over $10 million for its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I.
The fund aims to provide much-needed financial backing and support to innovative startups and entrepreneurs with transformative solutions in the property technology sector.
The fund has been designed to address the challenges faced by the African real estate sector and to nurture cutting-edge technologies that bring about efficiency, transparency, and accessibility to the industry.
As urbanization continues to surge across the continent, there is a growing demand for smarter, more sustainable, and tech-driven solutions in the real estate sector.
Redimension Capital aims to identify and support startups and entrepreneurs who have the potential to disrupt the traditional real estate market with innovative platforms, tools, and services.
The fund will seek out companies focusing on property listing platforms, virtual property tours, property management software, innovative home solutions, and blockchain-based real estate solutions.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Innovate Africa Fund Launches with $2.5 Million to Empower Early-Stage African Startups
Innovate Africa, a newly established angel investment fund, has begun operations with an initial commitment of $2.5 million.
Sanari Capital Invests $4.4 Million in EduLife Group to Fuel Education Expansion Across South Africa
Sanari Capital, a private equity firm focused on African growth companies, announced an R80 million (approximately $4.4 million) follow-on investment in EduLife Group, a network of independent schools in South Africa.
Standard Chartered and BII Partner on $350 Million Agreement to Boost Trade in Africa and South Asia
Standard Chartered Bank and British International Investment (BII), the UK’s development finance institution, have signed a $350 million risk participation agreement aimed at supporting the trade finance needs of small and medium-sized enterprises (SMEs) and corporates in Africa and South Asia.
