How much did Herotel raise in its Equity investment?

ZAR 74.3M, announced on 20 February 2017.

Who invested in Herotel's Equity investment?

1 investor is named for this round: Medu Capital (lead).

Funding roundEquity investment

Herotel Equity investment

Herotel raised ZAR 74.3M in an Equity investment led by Medu Capital. It was announced on 20 February 2017.

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1 sourceSource: SLA Funding IndexHow we verify →

Amount raised: ZAR 74.3M; ZAR
Announced: 20 Feb 2017; 9 years ago
Investors: 1; 1 lead

Investors in Herotel's Equity investment1

Lead

Medu Capital
Venture Capital
LeadProfile of Medu Capital →

About this round

Medu Capital acquired a 15% stake for R74.25 million (ITWeb exclusive, 20 Feb 2017). Per the chairman, the investment was based on an enterprise value of R495 million for 100%; that enterprise value is NOT recorded as an equity valuation. No USD conversion recorded (amount_raised_usd left unset). Capital stated as raised for growth strategy.

Sources for this round1

itweb.co.zaEXCLUSIVE: Medu Capital invests R74m in HeroTel (ITWeb, 20 Feb 2017)

Frequently asked about Herotel's Equity investment

How much did Herotel raise in its Equity investment?: ZAR 74.3M, announced on 20 February 2017.
Who led Herotel's Equity investment?: Medu Capital led the round.
Who invested in Herotel's Equity investment?: 1 investor is named for this round: Medu Capital (lead).