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All posts tagged "HAVAIC"

  • First Uber partnership, now Aura secures first R2m from HAVAÍC in equity raise

    Days after concluding a deal with ride-hailing company Uber, Joburg-based startup Aura announced today that it has secured the first R2-million in a R6-million equity raise to help fund its cloud-based security platform. News24 reported on Thursday that last week that the startup revealed that it is had teamed up with Uber to supply its drivers with a virtual panic button linked to their cellphone, that when pressed connects drivers to the nearest private security vehicle, as well as to police and emergency services. It follows the announcement last week that Uber's Uber Eats had acquired SA-founded company orderTalk for an undisclosed sum. Read more: Three reasons...

  • HAVAÍC holds onto five investments despite two offers, says Ian Lessem [Q&A]

    While Cape Town venture capital (VC) company HAVAÍC has yet to exit any of its five portfolio investments, it has had two opportunities to do so since launching about two and a half years ago, says the VC's CEO Ian Lessem. Lessem told Ventureburn earlier this month that the VC company held off exiting because he believed there was still "too much upside potential in these businesses to warrant an exit". The VC company was founded by in 2015 by Lessem together with Grant Rock, Rob Health and Jonty Levin. HAVAÍC held off exiting because there was still "too much upside potential in these businesses...

  • Vula Mobile’s new revenue model, plans to raise $500 000, help 100k patients

    Medical referral startup Vula Mobile is working on the development of a new partnership-based commercial revenue model, with plans to raise $500 000 and assist a minimum of 100 000 patients this year, says the startup's founder Dr William Mapham. Mapham (pictured above), who is currently in Switzerland attending the Geneva Health Forum which ends today, told Ventureburn of the startup's plans in an email yesterday (11 April). Vula enables health workers – particularly in remote areas – to get patients quick and specialist referrals in opthalmology, cardiology and orthopedics. Vula Mobile currently has 897 specialists on its platform "We developed a commercial partnership model and are actively...

  • Healthtech startup Vula Mobile raises R1m after partnering with HAVAÍC

    Medical referral startup Vula Mobile has raised R1-million in a seed round after partnering with Cape Town-based investment and advisory firm HAVAÍC. Vula, which was founded in 2014 by Dr William Mapham, enables health workers -- particularly those in undeserved remote rural areas -- to get patients quick and specialist referrals in opthalmology, cardiology and orthopedics. The R1-million seed round with HAVAÍC -- which was conducted over three weeks -- was concluded in January and saw Vula's partners, users, stakeholders as well as HAVAÍC partners each invest a minimum of R5000 each. Vula enables health workers - particularly in remote areas - to get...

  • With Zuma gone, investor interest has picked up say local venture capitalists

    Investor interest in placing money in venture capital funds has picked up since the resignation last month of Jacob Zuma as president and the swearing in of Cyril Ramaphosa, say cautious local venture capitalists. Speaking to Ventureburn yesterday, Kalon Venture Partners CEO Clive Butkow (pictured above) said he'd experienced renewed interest from investors since the election in December of Cyril Ramaphosa as ANC president. He noted that a breakfast meeting he held in Johannesburg on 2 February saw about 1000 investors and representatives from family offices attend. “I think had it not been for the Zuma change we wouldn’t have received that interest,” he said. He added that...

  • Funding your startup: Ventureburn lists the SA investors delivering [2018 update]

    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...

  • Cape Town company Digital Cabinet lands R5m funding from HAVAÍC, Growth Grid

    Cape Town tech company Digital Cabinet has landed R5-million in equity funding, local venture capital (VC) company HAVAÍC announced today. The investment was secured from a consortium of individuals led by HAVAÍC, with a smaller stake from Growth Grid Venture Capital Partners, a registered section 12J VC fund founded by Roy Fine and Rob Ferguson. The company, which was founded in 2011, offers companies cloud-based paperless document and workflow management solutions. The deal was revealed in a press release today from HAVAÍC. When contacted by Ventureburn, HAVAÍC executive director Grant Rock said he did not want to disclose the equity stake each partner has taken in Digital Cabinet. 'The proceeds of the capital raise will be...

  • Here are the 15 SA tech startups that have netted $137.7m in 2017 deals

    South African tech startups have concluded deals valued at over $137.7-million so far this year, shows data tracked by Ventureburn. Ventureburn has tracked and reported on 15 deals valued at over $137.7-million to date in 2017 -- including the $123-million acquisition in May of Cape Town startup GetSmarter by US listed company 2U. In all 12 of these deals involved Cape Town based startups, with one each based in Johannesburg, Bloemfontein and Stellenbosch. If one excludes the GetSmarter deal, 14 tech startups have been able to raise $14.7-million this year (see the below graphic). In a further three deals reported on by Ventureburn the parties did not...

  • These are the three trends likely to drive healthtech, disruption in the future

    Innovation in health care is likely to be driven by three key trends in the future -- an increasing demand for accountable care, the consumerisation of health care and the digital delivery of health care. This makes the sector ripe for disruption, says South African neurosurgeon David Roytowski. Speaking at a seminar hosted by Bowmans and venture capital company Havaic at Bowman's offices in the city on Thursday, Roytowski, who is based at Tygerberg Hospital, said these three trends will likely influence the quality, cost and access to health care. He added that increasing focus on one of these elements will likely...

  • HealthTech app, platform builders face legal hurdles in SA, hear delegates

    HealthTech app and platform developers in South Africa are being held back by rules and regulations, which has seen at least one locally developed platform shift its focus to Kenya, delegates heard at a healthtech seminar held in Cape Town yesterday. The seminar was hosted by law firm Bowmans and venture capital company Havaic at Bowman’s offices in the city. Neurosurgeon David Roytowski, who is based at Tygerberg Hospital, noted that patients have become more willing than before to accept health-care advice via digital platforms rather than by way of face-to-face advice. But he pointed out that health-care legislation in South Africa remains a major...

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