WDB Investments Has Increased Its Equity Stake In South Africa's Seed Engine To 51%

WDB Investment Holdings (WDBIH) has completed the increase of its equity stake in South Africa's Seed Engine from 35% to 51%. This officially makes Seed Engine a 51% black women owned company.

Among some of Seed Engine's notable activities is its annual "Real State Of Entrepreneurship in South Africa" report.

Faith and Donna
Faith Khanyile,CEO at WDB Investments, and Donna Rachelson, CEO at Seed Engine.

“WDBIH’s increased investment in Seed Engine comes from a well-established strategic partnership and we are confident that our shared vision will continue to provide strong leadership and advocacy for female entrepreneurs,” said Faith Khanyile, CEO at WDB Investment Holdings.

Seed Engine also incorporates Seed Academy, an entrepreneur activation business, as well as the WDB Seed Fund, a Section 12J fund focused on growth-stage businesses. Venture capital company Grovest is Seed Engine’s second major shareholder with a 30% equity stake.

“We know that growing entrepreneurship is one of the biggest challenges facing our country. We also know that the development of women entrepreneurs is an even greater challenge as only one in three entrepreneurs are women and only 38% of black women owned businesses are formally funded. WDB and Seed Engine are focused on making a meaningful impact by supporting entrepreneurs who are resilient and able to build sustainable businesses that create jobs,” said Donna Rachelson, CEO at Seed Engine.

The WDB Seed Fund provides access to funds, markets, high level mentorship and business support to investee companies, whilst simultaneously offering significant tax benefits for corporate and individual investors.

WDB, incorporating the WDB Trust and WDB Investment Holdings, has a 25-year track record of delivering high-impact socio-economic programs dedicated to increasing the participation of women in the South African economy.

“We are fully confident that our mission of ensuring, even more, women are equipped to compete successfully in the South African economy will come to full fruition. The fact that women entrepreneurs are currently underrepresented in relation to the population is something we aim to change one success story at a time,” concluded Khanyile.

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