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# IFC invests $10 million in Knife Capital
- URL: https://www.techloy.com/ifc-invests-10-million-in-knife-capital/
- Published: 2022-02-10T21:40:00.000Z
- Updated: 2022-04-18T20:42:09.000Z
- Author: Techloy
- Tags: / Money, Tech in South Africa

IFC, a member of the World Bank Group, invested $10 million in Knife Fund III, a new fund managed by South African venture capital firm [Knife Capital](https://knifecap.com/).

- The investment will provide financial support to tech startups in high-growth sectors in South Africa with strong potential for expansion across Africa and internationally, including enterprise technology, software, health-tech, and fintech.
- Knife Capital plans to raise $50 million for its Fund III, which will primarily target investments at the Series B stage.
- Fund III follows Knife Fund II, which was launched in 2016, and Fund I, which was launched in 2010.