Crowdfunding, the first crowd funded Angel investment agency of it’s kind in South Africa made history last week by raising just over R1 million in Angle VC within only a few days, Proving yet again that South Africa is alive with possibilities.

The money pledged by 229 investors will be used to fund 10-20 small techno startups in South Africa. This is the chance of a lifetime for many local startups wishing to prove to the world that their idea is The Next BIG Thing!

The fund which continues to grow is currently standing on R1,035,000 from 315 investors. Apparently the first 1000 investors to pledge will be accepted. So if you havn’t jumped on the bandwagon yet there is still chance of getting in before it’s to late.

Your local fring blogger, yeah thats still me, has already submitted 4 idea’s for funding and I will keep you guys posted on developments on this front. I am happy to say that the Crowdfund has once again brought hope to many small garage startups in South Africa who have been suffering to scrape together funds to keep their dreams alive.

I am excited to announce that very shortly a few of these startups will have the priviledge, no the honour, to take their dreams to new hights. May the best fringing team be granted funding and guys when you make it to the big time, never forget to help those dreamers still trying in a garage or backroom near you.

Tags: 2010, crowdfund, Crowdfunding, fring, Simonb, South Africa, startup