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All posts tagged "HAVAIC"

  • 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...

  • VC companies don’t necessarily have to set up a fund to invest – here’s why

    Engaging with investors is often like trying to fit a square peg in a round hole. This is the feedback we got from entrepreneurs in the early days of setting up venture capital company HAVAÍC. Often entrepreneurs were told by an investor that they loved their business, but that the investment didn’t fit their investment or fund criteria. The entrepreneurs were seeking to access to funds from investors who demonstrate flexibility in terms of investment criteria and approach to evaluating businesses. Based on these learnings we formed a view that a venture capital (VC) firm which really wanted to make a difference in...

  • 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...

  • 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...