Grovest Corporate Advisory

PE/Buy-Out · Johannesburg (South Africa)

PE/Buy-Out

Seed

Series A

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About

Grovest Corporate Advisory is a venture capital firm specializing in investing in startups, early stage pre and post revenue companies, series A, series B, growth capital, and mature companies in the Fintech sector. It operates as a venture capital trust. It does not invest more than ten percent of its capital in a single portfolio company; does not invest more than 20 percent of its capital in pre-revenue portfolio companies; does not invest more than 40 percent of its capital in post-revenue portfolio companies; and may invest an unlimited amount in growth capital investments. The firm does not invest in any trade carried on in respect of immoveable property, financial service activities such as banking, insurance, finance, consultancy, money-lending and hire-purchase, financing; provision of financial or advisory services, including legal, tax advisory, stock broking; management consulting, auditing, or accounting; operating casino’s or other gambling related activities including any other games of chance; and manufacturing, buying or selling liquor, tobacco products or arms or ammunition. It typically invests in high growth, scalable, low capex private companies. The firm seeks to invest in the technology sector with a focus on disruptive financial technology (fintech) companies. It seeks to invest in companies based in South Africa. The firm seeks to invest between R0.5 million ($0.05 million) and R10 million ($1.02 million) in companies with net asset value less than R20 million ($2.05 million). It may co-invest along with other firms and seeks to invest in the form of equity and take a board seat on its portfolio companies. The firm typically seeks to exit its investments within a three to seven year period via a trade sale. Also, in case any portfolio company is listed on an exchange in due course, the firm will exit its investment by distributing the shares to shareholders as dividends. Grovest Corporate Advisory is based in Johannesburg, South Africa.

Investment Criteria