By Daniel Mpala
Local corporate and investment bank Nedbank has invested an undisclosed amount into Cape Town based aerial data-analytics startup Aerobotics.
The latest round of funding, follows R8-million the startup raised from venture capital (VC) fund 4Di and the Savannah Fund, announced in August last year.
SA business news site Moneyweb reported earlier today that Nedbank had made the investment through its R100-million VC fund as part of the bank’s strategic focus on agri-finance.
Ventureburn contacted Aerobotics co-founder Benji Melzer for comment on the details surrounding the investment. He had however not yet responded to the questions by time of publication.
Nedbank’s investment into Aerobotics is reported to be part of […]
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Source:: Venture Burn