Cape Town-headquartered venture capital firm, HAVAÍC, has announced the third and final close of its second pan-African investment fund.
The Fund invests in African startups leveraging technology to solve real-world local, regional, and international challenges, making 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,” said Ian Lessem, Managing Partner at HAVAÍC.
Since launching in 2020 under a joint venture with Universum Wealth, the Fund has invested in several South African, Kenyan, and Nigerian technology start-ups. Following its second close in 2021 and the inclusion of leading institutional partners such as South African-based Fireball Capital, the third and final close allows HAVAÍC to execute on its exciting pipeline of investment opportunities and leverage off its partnerships with existing and new investors in both Africa and across the globe.
“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…
