HAVAIC launches a new fund after achieving a second close


HAVAIC, a venture capital firm advises and invests in early-stage startups and promising high-growth tech businesses across the continent. HAVAÍC also provides capital raising and corporate advisory services to the companies under its portfolio. In 2020, the company made 8 investments and exited three. Among the eight investments are 3X4 a Cairo-based healthtech, BusyMed a healthtech digital platform, Mobiz a marketing and communications platform, Kuda a Lagos-based digital bank, AURA  a Johannesburg safetech, RecoMed a Cape Town healthtech, HearX a Pretoria healthtech, and Tanda a Nairobi fintech.

The new Universum Core African Fund is a joint venture between HAVAÍC and Universum Wealth (an international investment management firm) experienced in listed and private markets.

The startup was mired in legal wrangles with another South African startup in 2020. The legal dispute resulted in an amicable agreement. HAVAIC sued Custostech for $4.45-million on the grounds of reneging an investment agreement.

More on Havaic


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