No observed cheques. Organisations of this type rarely announce deals, so this says nothing about their activity.
From their own site: “The SA SME Fund is a venture capital company dedicated to backing exceptional fund managers... We do not make direct investments into SMEs. Instead, we empower specialist fund managers... Through our fund-of-funds model...”
An announcement gives the size of the round, not the size of this investor's cheque. The only rounds that imply a cheque are those where they were the sole named investor.
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