South Africa: Spear Capital invests R100mln in RunwaySale
Tuesday, 02 June 2020 13:38
In South Africa, the private equity firm Spear Capital announced an investment of R100 million (about $5.7 million) in the fashion e-tailer RunwaySale. The investment conditions were not disclosed.
The financing will support the expansion of the company, founded in 2012 by Karl and Elmien Hammerschmidt, on a local fashion market that is expected to generate up to $1 billion in revenues this year according to the German stats portal Statista.
RunwaySale, which offers more than 300 fashion brands, intends to continue its development primarily in the local market and probably later in the sub-region.
On the African continent, Spear Capital is present in the consumer goods, retail and health services sector with financing generally ranging from $2 million to $10 million.
Chamberline Moko
Live News
-
Benin: Sèmè Well Drilling Succeeds, but Production Timeline Remains Unclear
06:25
-
GEPetrol Lifts Aseng Gas Share to 32.55% Under Chevron-Financed Deal
04:59
-
African Banana Exports Rise 5% as Ghana Takes Lead
04:57
-
Zimbabwe Mining Earnings Rise in 2025 but Miss Long-Stated $12 Billion Objective
04:55
-
Cameroon receives new bid for Alucam assets from Proalu parent Naxya Holding
19:04
-
ASKY requires digital customs declaration for passengers bound for Cameroon
18:17
-
Cameroon corporate equity drops 12.4% in 2024, hits 10-year low
17:37
-
Sunna Design set to secure CFA21.4bn solar lighting contract in Cameroon
16:27
-
DR Congo’s Fogec Launches Digital Platform for SME Financing
15:30
-
Algeria Waives IPO Fees for Startups Until 2028
15:17
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Akrake Petroleum completed the AK-2H production well at the offshore Sèmè field. Technical results confirmed high porosity and oil saturation,...
Equatorial Guinea increased GEPetrol’s stake from 5% to 32.55% in the Aseng Gas project. Chevron committed to finance the increase while retaining its...
African banana exports rose 5% to 753,000 tonnes in 2025, according to FAO estimates. Ghana recorded the fastest growth, increasing exports 27.72% to...
Zimbabwe generated $3.4 billion in mineral export revenues in 2025, excluding gold and silver, according to the MMCZ. Total mining revenues...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...