HAVAÍC reaches financial close on US$20-million fund

South Africa based venture capital investor, HAVAÍC, has reached financial close on its flagship fund known as the HAVAÍC Universum Core African Fund with a fund amount of US$20-million. The fund will be allocated towards early-stage technology companies in South Africa as well as companies in the East Africa and West Africa region. In raising the respective fund, HAVAÍC partnered with local and international investors such as Universum Wealth and Fireball Capital.

HAVAÍC is a venture capital firm that specialises in early-stage, high-growth post-revenue African businesses with proven concepts and global prospects. As a complementary offering, HAVAÍC provides corporate advisory and capital raising services to emerging, internationally scalable businesses. The firm is managed by Ian Lessem, Grant Rock and Rob Heath and has invested in RecoMed, Vula, BigTeam, InstantProperty, MPost and Tanda among many others.

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