TLDR:
- Clive Butkow and Mitchan Adams co-found Conducive Capital, a new VC firm aiming to create tech unicorns in SA and Africa.
- The majority black-owned firm plans to raise $50 million (R1 billion) fund within 24 months to invest in early and growth-stage disruptive technologies.
Venture capitalist Clive Butkow’s new venture capital (VC) firm Conducive Capital, co-founded with Mitchan Adams, is focused on investing in early and growth-stage disruptive technologies that are post-revenue, capital-efficient, and have a good product-market fit. Butkow and Adams, with a combined investment of over R300 million in early-stage funding, aim to raise a $50 million (about R1 billion) fund within 24 months to support emerging businesses in South Africa and beyond.
The fund, which plans to blend investment and entrepreneurship, will offer strategic guidance, operational expertise, and mentorship to nurture start-ups and facilitate their growth into industry leaders. Additionally, Conducive Capital is committed to improving diversity in the early and growth-stage investment sector, with a focus on developing the next generation of black women venture capitalists.
Despite challenges in funding for start-ups in recent years, Butkow and Adams are optimistic about 2024 as a pivotal year for steady improvement. They aim to identify major industries and technologies that empower corporations and individuals in South Africa and Africa, creating sustainable solutions and improving lives.
