Black women-owned venture capital firm Mamor Capital Ventures (Mamor Capital) has reached a R300 million ($16.8 million) first close for its maiden vehicle, Fund 1. The vehicle targets a final fund size of R550 million to deploy growth capital into post-revenue, technology-enabled South African businesses. The fund focuses on scalable companies that expand digital infrastructure, widen financial services access, and drive broader economic participation.
South Africa’s Public Investment Corporation (PIC) serves as the anchor investor, playing a catalytic role in mobilizing domestic institutional capital. Additional support comes from the High Impact Seed Fund of Funds (managed by the SA SME Fund), the Technology Innovation Agency (TIA), and the Small Enterprise Development and Finance Agency (Seda). The backing of these institutions provides strong validation and expands fund manager capacity across South Africa’s venture ecosystem.
Mamor Capital will target businesses with strong fundamentals capable of delivering measurable economic impact alongside sustainable financial returns.
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