Paula MokwenaCEO & Head of Direct Investments at Fireball Capital
Paula is the Chief Executive Officer at Fireball Capital and manages the co-investment and direct investment programme. Fireball Capital’s mandate is to make investments in alternative investment funds that provide early-stage and growth-stage capital to start-up companies in South Africa. In addition, the fund co-invests with its underlying funds and other lead investors by making direct investments in such companies. Fireball Capital’s investment objective is to build a diversified portfolio of technology-enabled businesses for investors by investing best-in-class venture capital fund managers and supplementing their pool of assets with targeted co-investments and direct investments in world-class businesses alongside reputable lead investors. The direct investment programme focusses on businesses that: (a) have established product market fit; (b) are post revenue; and (c) have the ability to scale globally.
Prior to her current role, her career spanned investment banking, development finance and private equity. During her time at the Industrial Development Corporation (IDC), she worked for the Support Programme for Industrial Innovation (SPII), a grant funding programme that was funded by the Department of Trade and Industry and administered by the IDC, designed to promote technology development in South Africa. She was instrumental in the establishment of the Technology Venture Capital Fund, which provides business support and seed capital for the commercialization of innovations and technologies funded by SPII. She subsequently spent over 6 years in private equity, responsible for sourcing, deal execution and investment management, first at Medu Capital and then at Ethos Private Equity.
She is a CFA charter holder who also holds various qualifications - BSc Engineering (Chemical); BSc Maths & Applied; MCom Financial Economics and Master of Management in Finance and Investment Management.