South African venture capital firm Empowerment Capital Investment Partners, through its investment funds – Andzani Ventures, Imvelo Ventures and Thuthuka Nathi Ventures – approved and placed a total of R162 million (about $11 million) into 13 South African start-ups between July 2019 and February 2021. Furthermore, R32.5 million (about $2.2 million) is approved for placement in the coming weeks in three new ventures.

Started in 2015 by Anton Baumann and Mark Fitzjohn, Empowerment C...