New investors in this round include the Public Investment Corporation (PIC), the largest asset manager on the African continent, and Alexforbes Investments, South Africa’s leading provider of multi-manager investment portfolios.

Sanari Capital’s Chief Executive Officer, Samantha Pokroy, says that the funding will play a pivotal role in addressing structural economic imbalances, promoting transformation, fostering economic growth, creating jobs, and delivering both environmental and financial returns.

The fund will invest in well-established businesses at an inflexion point, driven by technology, innovation, thematic or sectoral growth drivers, and new markets.

Sanari Capital’s investment philosophy is centred on themes aligned with the ever-evolving global landscape, focusing on technology, a more interconnected digital world, IoT, data, and services.

Sanari Capital’s latest funding success represents a significant stride towards enhancing employment opportunities and catalysing economic growth in South Africa and across the African continent.