The SA company behind the R431m investment

Alphawave, primary investor and shareholder in leading South African field sales management and productivity app, Skynamo, announced R431m Series A funding in January from US venture capital and private equity firm, Five Elms Capital – one of the highest investments in recent years, according to Bloomberg.

Skynamo attracts $30m investment from US firm

Skynamo attracts $30m investment from US firm

A South African tech startup has just secured R431 million rand in funding, one of the largest disclosed amounts in the country in recent years, after a leading US-based venture capital firm found positive user reviews of its product online.