MIC Khulisani Ventures is a R150 million early-stage investment vehicle targeting black-owned innovative, high growth businesses in South Africa.
MIC Khulisani Ventures is a R150 million early-stage investment vehicle targeting black-owned innovative, high growth businesses in South Africa.
MIC Khulisani Ventures is our flagship initiative aimed at creating sustainable social change. Through Khulisani we invest in promising cash generative businesses in a variety of sectors. These businesses provide innovative products or services that disrupt traditional markets, improve efficiencies or respond to existing problems in South Africa.
Investees are funded between R15 million to R30 million in order to spur growth and expansion in South Africa and beyond.
The venture addresses the significant gap in post-revenue investment for businesses that are not plugged into the dominant streams of venture capital networks.
Many black-owned investment-ready ventures are business ideas that can shift industries and society but simply do not take off due to lack of support and funding. This gap in support is even more pronounced for black women-owned and led start-ups.
The ultimate goal of MIC Khulisani Ventures is to accelerate the growth of black entrepreneurs.
The business rents consumer products to customers on either a 6- month, 12-month or 18 –month subscription.
Their business is based on improving accessibility to consumer products as it provides customers with access on a subscription-based model.
Quro Medical is a digital health company offering Africa’s first tech-driven Hospital at Home, using health technology to analyse real-time data to monitor patient health.
It aims to build the largest virtual hospital on the continent offering world-class healthcare at much lower costs.
Boasting offices in Cape Town, Mossel Bay, Durban and Namibia, African Marine Solutions (AMSOL) is a specialist solutions provider and partner to clients who operate in marine environments. AMSOL is the only marine solutions provider in the region that is employee and management owned, and is a catalyst for economic empowerment and shared value creation.The company’s services offering is vast and covers several industries, including ports, mining, maritime and energy.MIC transaction overview In 2016, MIC Capital Partners (a joint venture between MIC and RMB Ventures) acquired an 18% interest in AMSOL