ICT sector dominates venture capital in 2021
Industry survey shows fintech and edtech accounted for a quarter of private equity financing of start-ups and early stage companies in 2021
04 October 2022 - 15:41
Information and communications technology (ICT) continues to dominate SA venture capital investment.
The latest SA Venture Capital and Private Equity Association (Savca) industry survey shows the ICT sector accounted for 57c of every R1 in start-up and early-stage equity investments in 2021. That’s up from a long-term average of 38.2% of deal value going to ICT investments, largely at the expense of sectors such as energy, life sciences, and materials & resources...
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