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Business

How to build a business from the ground up

Sizwe Nxumalo is one of those people who are a rarity in South Africa – a black venture capitalist.

Sizwe Nxumalo

It’s hard to believe that the man who today runs a R200mn venture capital fund that has invested in startups like Pargo and Sendmarc grew up in a two-room home. Soweto-born Sizwe Nxumalo (37) has come a long way.

Today, he heads up 3 Capital Ventures (3CV), formerly known as Alan Grey Esquared Ventures until it was spun out of the asset manager in 2024.

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