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All posts tagged "HAVAIC"

  • HAVAÍC to undertake a R5m capital raise for SA company Digital Cabinet

    Cape Town venture capital (VC) company HAVAÍC today announced it would undertake a R5-million capital raise for local paperless cloud solutions company Digital Cabinet. The raise includes the conversion of the convertible loan, extended in July last year, into equity. In a press release HAVAÍC said the company had mandated the VC to undertake the capital raise, which is based on the company's estimated valuation having doubled in the intervening period. Read more: VC HAVAIC invests in expanding Digital Cabinet cloud solutions Speaking to Ventureburn, HAVAÍC executive director Grant Rock did not want to disclose Digital Cabinet's current valuation. However he was able to say that the VC firm...

  • Drive Revenue gets multi-million rand funding injection from HAVAÍC

    Cape Town tech startup Drive Revenue has landed an undisclosed amount from HAVAÍC, the venture capital (VC) fund announced yesterday. HAVAÍC executive director Grant Rock said in a press release that the funding will be used to help Drive Revenue to roll out its cloud-enabled financial management system for legal practices. Speaking to Ventureburn, Rock said he could not disclose the amount in funding invested in Drive Revenue, saying only that it was "several million" rands and that it was made available from individual investors offshore. Rock said the idea is to help Drive Revenue to secure a round of equity investment later this year. 'We have resellers coming...

  • HAVAIC to advise Healthcent before investment round

    South African VC HAVAIC has announced it will advise Healthcent before its first capital raising initiative. Healthcent's app, Signapps, is a secure communication solution for the medical industry. It aims to allow the sharing of patient data via mobile phones while complying with patient confidentiality legislation. "Signapps has been trialled in South Africa’s public healthcare system and private sector health providers are now seeking to learn more about the product," says commercialisation director, Andrew Davies, in a press release. "Whilst the two sectors have different dynamics, both are responding favourably to the enhanced communication potential inherent in the product." According to the product and technology director, Michael...

  • Funding your startup: Ventureburn lists the SA investors that are delivering

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • VC HAVAIC invests in expanding Digital Cabinet cloud solutions

    SA venture capital (VC) firm HAVAIC Limited Partners has invested in paperless cloud solutions company Digital Cabinet. The investment comes in the form of a convertible note instrument, and while no exact amount has been given, it is estimated to be under R5-million. HAVAIC has been working with Digital Cabinet for several months in an advisory and service manner. "Digital Cabinet has been operating for about 5 years and we have seen our business mature to the extent that we require further capital to both expand with new products and consolidate our existing offerings," writes Digital Cabinet CEO Daniel Kritzas in a press release...