Kalon Venture Partners wants to sell its stake in Ozow

Jan

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Original Ozow investor wants to cash out

MyBroadband has learned that Kalon Venture Partners, one of Ozow's original investors, is seeking a buyer for its stake in the South African fintech business.

Kalon operates as a Section 12J venture capital company, which affords it certain tax benefits for holding on to investments for at least five years. It invested in Ozow twice: once in a 2017 seed round, and five years ago as Series A funding in 2019.
 
How did S12J investors do in the Kalon portfolio? Not a good sign if the offices are empty?
 
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