Local tech company Alphawave secures R100m investment from Kagiso Capital
Bruce Whitfield introduces Alphawave as a then little-known tech company started by maths PhD candidates in the 90s.
Among its many achievements, the Stellenbosch outfit contributed to building one of the most sophisticated telescopes in the world.
What it does says Alphawave, is look for product opportunities that are internationally scalable.
These include an advanced ball tracking radar system for golfers, both serious and social.
Now Kagiso Capital's invested R100 million in Alphawave - what was it that caught the investment holding company's attention?
We just stumbled across these 144 highly specialised and globally renowned engineers... who managed to bootstrap building tech hardware for over 25 years... their cutting edge solutions...Lebogang Mosiane, COO - Kagiso Capital
You build it cheaply in South Africa and then you export the idea - that's the attraction, isn't it?Bruce Whitfield, The Money Show host
When we discovered this, we considered similar companies that are state-owned like the CSIR [Council for Scientific and Industrial Research] and how we could over time maybe share learning, share best practise... across the globe...Lebogang Mosiane, COO - Kagiso Capital
... but this was a gem and really unexpected... It kicked out all our investment criteria of how you look at something like this and we had to fly down our board members to actually go and see...Lebogang Mosiane, COO - Kagiso Capital
Mosiane says Kagiso Capital deployed the first tranche in March and more recently, the second R50 million.
So far it's been an amazing learning journey seeing how the guys think; how they approach businesses...Lebogang Mosiane, COO - Kagiso Capital
For more on Alphawave, listen to the conversation below:
This article first appeared on 702 : Local tech company Alphawave secures R100m investment from Kagiso Capital
Source : https://pixabay.com/photos/handshake-shaking-hands-internet-3629626/
Got a question for Facebook? Contact DA Member of Parliament Phumzile Van Damme.Read More
Lionel Messi (R1.8bn) came in second. There are no women on Forbes magazine’s list of the world’s 10 most-well-paid athletes.Read More
Personal finance expert Warren Ingram has sound advice on the timing of offshore investment decisions.Read More
The Money Show's Bruce Whitfield interviews Jessica Spira, Sector Head for Healthcare and Hospitality at Rand Merchant Bank.Read More
Dr Patrick Soon-Shiong is currently busy with clinical trials for the Covid-19 vaccine he's developed, says Prof. Shabir Madhi.Read More
Investigative journo Pauli Van Wyk says four SA insurance giants have lost R944m in total by using Insure Group as intermediary.Read More
Interest rates are close to the lowest they have ever been. RSA Retail Savings Bonds, however, still offer pretty decent returns.Read More
Refilwe Moloto interviews Kriben Reddy, Vice President of Auto Information Solutions at TransUnion Africa.Read More
The Money Show's Bruce Whitfield interviews data analyst Bryan Turner from World Wide Worx about their new study.Read More
FNB is South Africa's most complained about bank according to the Ombud for Banking Services' annual report.Read More
Baboon Matters founder Jenni Trethowan says 'it feels like the City is stamping its foot, saying see what happens next.'Read More
CapeTalk gives you a round-up of the latest vaccine news every week.Read More
Areas of concern are Somerset West, Gordon’s Bay, the City Bowl, Sea Point, Milnerton, and Durbanville, says Dr. Keith Cloete.Read More
Cats, dogs, horses, you name it… "The population of pets is increasing at an alarming rate," says Mzwakhe Nqavashe.Read More
AfriForum says there have been 395 farm attacks reported countrywide since April last year.Read More
People who are office-bound got jabs while healthcare workers are being turned away, says reporter Mia Lindeque.Read More
WCHD urges the public not to queue at venues until they register and receive a follow-up SMS confirming the time, date, and venue.Read More
The City of Cape Town has been declared as the official winner of two categories in the global 2021 City Nature Challenge.Read More
Premier Alan Winde says the Western Cape is recording a resurgence in Covid-19 cases and says it's now urgent that residents 60 and older register for the vaccine.Read More
The Department of Home Affairs (DHA) says an estimated 350 refugees refuse to leave temporary campsites in Cape Town and are still demanding a third country of resettlement.Read More