HAVAIC Details Its Investment Plans For The HAVAIC Universum Core African Fund
HAVAIC Details Its Investment Plans For The HAVAIC Universum Core African Fund. Cape Town-headquartered venture capital (VC) firm HAVAÍC announced the third and final close of its second pan-African investment fund. The Fund invests in start-ups born in Africa that use technology to solve real-world local, regional, and international challenges and make an impact in the markets they serve.
The Fund invests in and supports early-stage, post-revenue seed investments up to later-stage growth Series A investments. “The Fund’s institutional investors bring new international relationships and capital. Coupled with our experience in investing in Africa, this makes for a winning combination of local expertise, networks, and follow-on funding internationally. These are all necessary ingredients when scaling businesses,” Ian Lessem, Managing Partner at HAVAÍC said in a statement.
The Fund is on track to complete up to 25 investments over the next three years. A third of the funds have already been deployed into early-stage African technology companies in the FinTech, HealthTech, and SafeTech industries, including Aura, Kuda, Crowdforce, Mobiz, Comparisure, Tanda, RecoMed, and HearX. “The escalating interest from local and international investors supports the growing prominence of African venture capital as an asset class. This is off the back of an influx of increased investment in recent years spurred on by growing awareness for these enticing African investment opportunities for local and international investors. And with the investment demand for African tech-enabled companies showing no signs of slowing down, this is just the tip of the iceberg,” added Lessem.
HAVAÍC is an investment and advisory firm that specialises in early-stage, high-growth African businesses with proven concepts and global prospects, offering investment opportunities to sophisticated individuals and institutional investors with an interest in venture capital in Africa.
