Venture Capital
Cash gets SA tech start-ups off ground
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Investment poured into innovative local tech firms last year
10 January 2021 – 00:07
The global tech boom that saw Amazon and Microsoft market valuations pass a trillion-and-a-half dollars in 2020 trickled down powerfully to start-ups – and SA was not left out of the action.
Although there were no multibillion-dollar initial public offerings (IPOs) – as with Airbnb, Doordash and Snowflake in the US, three of the 10 biggest IPOs ever for US tech companies – investment poured into local start-ups…
