Johannesburg, Gauteng, South Africa Convergence Partners appeared to be the VC, which was created in 2006. The company was established in Africa in South Africa. The main department of described VC is located in the Johannesburg.
For fund there is no match between the location of its establishment and the land of its numerous investments - United States. We can highlight the next thriving fund investment areas, such as Service Industry, Information Services. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight CSquared, Snapt, Vectiv. The fund has exact preference in some founders of portfolio startups.
The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Convergence Partners, startups are often financed by Weber Capital, San Francisco Equity Partners, vSpring Capital. The meaningful sponsors for the fund in investment in the same round are Weber Capital, San Francisco Equity Partners, vSpring Capital. In the next rounds fund is usually obtained by vSpring Capital, Weber Capital, San Francisco Equity Partners.
The top amount of exits for fund were in 2018. The fund is constantly included in less than 2 deals per year. Deals in the range of 10 - 50 millions dollars are the general things for fund. Comparing to the other companies, this Convergence Partners performs on 15 percentage points less the average number of lead investments. The important activity for fund was in 2000. The real fund results show that this VC is 14 percentage points more often commits exit comparing to other companies. The average startup value when the investment from Convergence Partners is 50-100 millions dollars.
The current fund was established by Andile Ngcaba, Brandon Doyle, Eric Di Benedetto, Idan Segal, Russ Irwin, Stefan Ferreira. The overall number of key employees were 5.
Related Funds
Funds with similar focus
Discover 4 more decision makers Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Yellow | $14M | 27 Mar 2023 | Lilongwe, Lilongwe, Malawi | ||
Clerkenwell Health | $2M | 10 Oct 2022 | London, England, United Kingdom | ||
Snapt | $3M | 06 Dec 2018 | Atlanta, Georgia, United States | ||
Snapt | $1M | 31 May 2016 | Atlanta, Georgia, United States | ||
GameZBoost | $238K | 01 Sep 2008 | Gauteng | ||
Clickability | $8M | 04 Feb 2008 | San Francisco, California, United States | ||
Penguin Computing | $3M | 16 Oct 2007 | San Francisco, California, United States | ||
Penguin Computing | $9M | 29 Mar 2007 | San Francisco, California, United States | ||
Azaire Networks | $21M | 25 Aug 2006 | San Jose, California, United States |
– LifeQ, a provider of biometrics and health information derived from wearable devices and used in health management solutions, raised $47m.
– The round was led by Invenfin, 4Di Capital, Allectus Capital, Mogul Capital, Tenhong Holdings, Analog Devices, Hannover Re, Convergence Partners, Stellar Capital Partners, Nedbank Corporate and Investment Bank, Delos, OneBio Seed Investment Fund, Virgin Group, Lireas, Allen & Co, and Acequia Capital.
– The new investment will be used to accelerate the company’s global expansion and development of new products.
1. You post comments at your own choice and risk. You bear the whole responsibility,related to their substance, content and the fact of publication. We shall not bear anyliability in respect of such comments.
2. While commenting, you shall use only actual, truthful and confirmed data. In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty.
3. We do not intend to delete any comments on the website unless within our “noticeand take down” procedure.
4. We can moderate comments at any time.
5. While commenting, you are under the rule of our website’s terms of use and privacypolicy.
6. We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right.
Review
- No reviews are submitted yet.
Sign up and get access to full fund profile and advanced analysis.
Full teamIndustries heatmapStages heatmapGeorgaphy breakdownCoinvestorsPortfolio analysisPerformance indexesLatest highlights
Unlock all data Latest deals
| Company | Industry | Round Size | Date | Investors | Location |
Yellow | $14M | 27 Mar 2023 | Lilongwe, Lilongwe, Malawi | ||
Clerkenwell Health | $2M | 10 Oct 2022 | London, England, United Kingdom | ||
Snapt | $3M | 06 Dec 2018 | Atlanta, Georgia, United States | ||
Snapt | $1M | 31 May 2016 | Atlanta, Georgia, United States | ||
GameZBoost | $238K | 01 Sep 2008 | Gauteng | ||
Clickability | $8M | 04 Feb 2008 | San Francisco, California, United States | ||
Penguin Computing | $3M | 16 Oct 2007 | San Francisco, California, United States | ||
Penguin Computing | $9M | 29 Mar 2007 | San Francisco, California, United States | ||
Azaire Networks | $21M | 25 Aug 2006 | San Jose, California, United States |
