South Africa: Salt Capital backs Response24
Salt Capital has announced the signing of Salt Equity I’s first investment into Response24, a B2B SaaS platform technology company specialising in monitoring and reducing response times for the emergency and security sectors across Africa.
Founded by technology entrepreneur, Marlize Holtzhausen, Response24’s platform quickly achieved proof-of-value with one of the largest security companies in South Africa. On the back of this success, the firm launched its technology into the rest of the continent through a licensing agreement with a leading global security solutions company.
The Salt Capital investment will be utilised to accelerate a B2B roll-out of the platform across 41 countries in Africa.
Reflecting on the investment Jannie Grobbelaar, partner at Salt Capital commented, “We are hugely excited to be working with Marlize, a truly remarkable and inspirational entrepreneur, and her passionate and talented team. The disruptive nature of Response24s technology means the business will need to be ready for the global stage in the short to medium term. Salt Capital intends working closely with the business to ensure growth remains sustainable with a focus on value creation.”
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.