CRE Venture Capital

Investor type Venture Capital
Founders Pardon Makumbe Pule Taukobong

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 30
Average round size
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The average size of a deal this fund participated in
$3M
Portfolio companies 19
Rounds per year 4.29
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.33
Key employees 4

Areas of investment

  • FinTech
  • Financial Services
  • Payments
  • E-Commerce
  • Internet
Summary

CRE Venture Capital is the famous VC, which was founded in 2014. The fund was located in Africa if to be more exact in South Africa. The main office of represented VC is situated in the Johannesburg.

The fund was created by Pardon Makumbe, Pule Taukobong. The overall number of key employees were 4.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the CRE Venture Capital, startups are often financed by Spark Capital, Omidyar Network, GV. The meaningful sponsors for the fund in investment in the same round are Spark Capital, Omidyar Network, GV. In the next rounds fund is usually obtained by Spark Capital, GV, Omidyar Network.

The common things for fund are deals in the range of 10 - 50 millions dollars. The average startup value when the investment from CRE Venture Capital is 1-5 millions dollars. Considering the real fund results, this VC is 6 percentage points less often commits exit comparing to other organizations. The top activity for fund was in 2015. The fund is generally included in 2-6 deals every year.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. Among the most successful fund investment fields, there are Internet, Software. Among the various public portfolio startups of the fund, we may underline Andela, OneUni, Lynk The fund has no specific favorite in a number of founders of portfolio startups.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of CRE Venture Capital:
Typical Co-investors
CRE Venture Capital is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after CRE Venture Capital:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sabi Am

B2B
$6M25 Nov 2021 Lagos, Lagos, Nigeria

Sabi Am

B2B
$2M30 Aug 2021 Lagos, Lagos, Nigeria

Smile Identity

Apps
Financial Services
Identity Management
$7M08 Jul 2021 Oakland, California, United States

FlexClub

Automotive
E-Commerce
Marketplace
Rental
Subscription Service
$5M11 Mar 2021 North Holland

Carry1st

Gaming
Internet
Mobile
Mobile Apps
$2M28 May 2020 Gauteng

Flutterwave

Developer APIs
Financial Services
FinTech
Payments
Software
$35M21 Jan 2020 San Francisco, California, United States

Rensource Energy

Energy
PaaS
Renewable Energy
$20M18 Dec 2019 Lagos, Lagos, Nigeria

SweepSouth

E-Commerce
Home Improvement
Home Services
Internet
Logistics
Retail
$3M07 Oct 2019 South Africa, Gauteng, South Africa

FlexClub

Automotive
E-Commerce
Marketplace
Rental
Subscription Service
$1M19 Mar 2019 North Holland
News
Smile Identity Raises $7M in Series A Funding

– Smile Identity from Lagos, Nigeria provides ID verification and KYC compliance through Artificial Intelligence.
– The company raised $7M in Series A Funding.
– The round was led by Costanoa Ventures with participation from CRE Venture Capital, Local Globe, Intercept Ventures, Future Africa Ventures, Khosla Impact ValueStream Ventures, Beta Ventures, 500 Startups and Story Ventures.
– The company plans to use the new funding to improve its services, expand across more markets, add support for more ID types and hire more engineers and support staff across Africa.

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