Convergence Partners Investments rebrands to Solcon Capital
South Africa-based Convergence Partners Investments, the deep tech investor started by Andile Ngcaba in 2003, announced it has rebranded to Solcon Capital.
Convergence Partners Investments (now Solcon Capital) was the first vehicle structured as a permanent capital vehicle in the Convergence Partners stable. Andile Ngcaba remains firmly invested in and continues to drive the growth at Convergence Partners, which will continue to focus on private equity through its current and future digital infrastructure funds.
Under this new brand, Solcon will focus on international deep tech investments in generative AI and large language models, synthetic data and big data, cybersecurity, and quantum computing across South Africa, India, and Southeast Asia, leveraging scale through platform economics.
As part of the rebranding, Solcon also announced the appointment of Pramod Venkatesh as CEO starting 1 August 2023.
“Solcon Capital has 20-year history of innovation and disruption through investments in companies that have built undersea cables, long-haul fibre, big data, etc. In this new chapter, Solcon Capital will be known as one of the leading global deep tech investment companies. We are excited to bring onboard Pramod Venkatesh, with extensive experience in Silicon Valley and expertise in building deep tech companies. Pramod will execute Solcon Capital’s 2035 strategy. With Pramod at the helm, we will continue to disrupt deep tech and are excited to show what the future holds,” said Andile Ngcaba, chairman of Solcon Capital.