Knott-Craig and World of Avatar pushing millions into tech

Alan Knott-Craig Junior invests in The Daily Maverick, ARC Telecoms and various other tech companies

By - October 4, 2010
Knott-Craig and World of Avatar pushing millions into tech

Alan Knott-Craig Junior has been flying under the radar since he resigned as iBurst Managing Director in April last year, but he is now starting to make waves with numerous investments in the local tech sector.

Knott-Craig founded the investment company World of Avatar, and has to date bought shares and invested in numerous local technology companies which includes ARC Telecoms and The Daily Maverick. Knott-Craig, through World of Avatar, has a shareholding of 50% in ARC Telecoms.

Other World of Avatar investments include a post-production company with close links to Vodacom and a small business in the mobile space.

ARC Telecoms CEO Steve Briggs recently said that they have found a great investor in Knott-Craig and World of Avatar, which not only provided them with the needed start-up capital to get off the ground but also valuable advice on the running of their business.

The Daily Maverick co-founder Phillip De Wet echoes Briggs’ comments: “Alan Knott-Craig [junior] was one of the founding investors in The Daily Maverick, and remains one of the key shareholders. He has helped a great deal in advising on business strategy and his early belief in the concept is arguably one of the reasons we exist today.”

World of Avatar has already established offices in Stellenbosch (where Knott-Craig resides), and is currently revamping their office space in Rosebank from where four of the companies in which they have invested (including The Daily Maverick) will operate.

Knott-Craig and World of Avatar pushing millions into tech << Comments and views

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Do you support tax rebates for broadband investment in South Africa?

View Results

Loading ... Loading ...

More News

Email is a problem, and Google is okay with that

Email

Despite the rise of social networks and messaging apps, email continues to be the dominant mode of written electronic communication

Adware or Malware – what is Lenovo pushing?

Keys

While some software such as virus scanners can be useful, Lenovo has discovered just how badly it can backfire when including insufficiently tested – or just plain malicious – software

Samsung – in breach of its own privacy policy?

Samsung logo on backplate

After news emerged that Samsung’s smart TV has the ability to record personal conversations, the company quickly amended its privacy policy. But are these changes legal in South Africa?

ANC to SABC – show Jacob Zuma more love

SABC Freddie Mercury Another One Bites the Dust

Party spin doctors reportedly want to ‘reclaim’ the public broadcaster to polish the president’s halo.

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
X
bool(true)