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.

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