Kalon Venture Partners and IDF invest in South Africa's Carscan

Venture capital firm Kalon Venture Partners, IDF and an unnamed investor have invested in Carscan, a South African technology startup operating in the automotive industry.

Carscan is an augmented reality app embedded with artificial intelligence to give an immersive experience to create an accurate, reliable, agnostic, complete and traceable digital record of a car. Carscan helps automotive ecosystems to buy, sell, rent, service, insure, finance and auction cars with confidence by eliminating fraud, governance and industry risks. The digital application allows anyone to assess and extract details of a car in less than a minute, expediting the insurance claim process from weeks to minutes, alleviating all the frustration and time wastage usually experienced.

Kalon Venture Partners is a South African venture capital fund set up to invest in disruptive digital technology. The fund invests in entrepreneurs solving African problems with the potential for global applications.

IDF Capital is a women-led, pre-eminent advisor and entrepreneurial financier in Africa, with a dedicated focus on technology-based businesses.

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