Quantum Capital Fund said it has launched a $200 million U.S. fund and opened an office Santa Clara, Calif. The South Africa venture capital firm was founded in 2004 by Julian Pencilliah. Its U.S. operations are being led by Arnold Magcale, formerly with Motorola and Danger. The firm also said it made its first U.S. investment: a $30 million investment in The Jetstream, which the firm describes as a social media network.
Quantum Capital Fund Launches $200M Fund in the U.S.
South African firm invests $30 million in first U.S. technology venture
Opens office in Santa Clara, taps Silicon Valley tech pioneer to lead U.S. operations
SANTA CLARA, Calif. – Jan. 18, 2012 – Quantum Capital Fund (QCF), a multi-staged venture capital firm, today announced that it has officially launched a $200 million fund in the U.S. Founded in South Africa in 2004 by Julian Pencilliah, QCF provides direct investments and business expertise to organizations operating across the information technology, online media and Internet-related sectors. QCF’s first U.S. technology venture is an initial $30 million investment in The Jetstream, a new social media network targeted to a wide variety of people who are on a journey to self-discovery. Its U.S. operation is led by Silicon Valley technology pioneer, Arnold Magcale, and is headquartered in Santa Clara.
“Establishing presence in the U.S. is a natural extension for Quantum Capital Fund, having already created an impressive international investment and business track record,” said Arnold Magcale, CTO. “Combining my broad experience in technology and know-how in the way U.S. businesses operate with Julian’s global experience will offer a holistic approach to investing in the U.S.”
The Quantum Capital Fund’s professional team consists of executives with extensive expertise in U.S. and global technology and venture capital.
– Arnold Magcale, CTO. More than 15 years technology and corporate venture experience, most recently with the launch of T-Mobile Sidekick (one of the first mobile services made available on a cloud platform), Microsoft Danger and the Motorola Android operating system.
– Julian Pencilliah, Chairman and Founder. Provides the corporate vision and intellectual framework to meet the increasingly diverse and sophisticated needs of the economic principle. Based in South Africa, Julian is also the brainchild of The Jetstream and leads QCF’s overall global vision and investment strategy.
– Abhir Dayaram, CEO. Specialist in private equity and international finance. Based in South Africa, he spearheads the valuation process of investment opportunities.
“Quantum Capital Fund is one of the first companies from South Africa to invest in such a project and establish a venture capital presence in the U.S.,” said Julian Pencilliah. “We are excited to bring The Jetstream project to the U.S. and extend our investment reach.”
Quantum Capital Fund has made numerous investments across the globe, including Skye Media Productions, a digital production company that provides video production, editing, animation and visual effects, in addition to music, and Script Seven, a technology company that develops software for applications in e-commerce, content management and audio-visual, among others.
For more information, visit www.thequantumcapitalfund.com.
About Quantum Capital Fund
Founded in South Africa in 2004 by Julian Pencilliah, Quantum Capital Fund is a multi-staged venture capital firm providing direct investments and business expertise to organizations operating across the information technology, online media and Internet-related sectors. Quantum Capital Fund is one of the first companies from South Africa to establish venture capital presence in the U.S. For more information, visit www.thequantumcapitalfund.com.