HAVAIC

African-focused VC launches new fund

HAVAÍC in partnership with Universum Wealth has secured funding to launch its newest fund, The HAVAÍC Universum Core African Fund. The HAVAÍC Universum Core…

HAVAIC reaches agreement with Custostech

Following a legal dispute between venture capitalist firm, HAVAIC and Stellenbosch based startup, Custostech, the two parties have reached an amicable agreement. This comes…

How young entrepreneurs are unlocking finance in a harsh investment climate

When it comes into effect, the African Continental Free Trade Area (AfCTA) is set to create one of the world’s largest markets with 1.2-billion…

LionPride Agility Fund invests in SA healthtech BusyMed

SA healthtech startup BusyMed has raised an undisclosed amount of investment from the R500-million LionPride Agility Fund. Neither the investor nor the startup disclosed the…

We’re still open to working with Custostech says HAVAIC CEO in statement

Ian Lessem, the CEO of SA venture capital (VC) company HAVAIC, which is suing startup Stellenbosch based Custostech for $4.45-million, says his VC is…

Savca pledges to act over HAVAIC-Custostech matter when case has concluded

The Southern African Venture Capital and Private Equity Association (Savca) said it is following the case between SA venture capital (VC) company HAVAIC and…

HAVAIC acted with integrity with us, say founders from VC’s portfolio companies

While SA venture capitalists have expressed shock over venture capital (VC) company HAVAIC‘s decision to sue startup Custostech for $4.45-million, the founders of four…

SA venture capitalists shocked over Havaic’s bid to sue Custostech for $4.5m

SA venture capitalists have expressed shock and concern over local venture capital (VC) company HAVAIC‘s decision to sue Stellenbosch based startup Custostech for $4.45-million….

SA’s Custostech lays off staff after VC sues startup for $4.5m over failed investment bid

Stellenbosch-based startup Custostech says it has been forced to lay off most its staff after SA venture capital (VC) company HAVAÍC sued the startup…

Mobiz, SA’s Mailchamp for SMS marketing nets first $1m in a $2m round [Updated]

UPDATE (19 June 2020): HAVAIC today confirmed in a statement that the VC had invested in Mobiz. While the VC did not say how…

SA venture capitalists prepare for tough times ahead with onset of coronavirus

SA venture capitalists are preparing for tough times ahead, as the onset of the coronavirus threatens to cut short funding rounds and in some…

SA VC HAVAÍC reveals it’s funded Kenyan startup Tanda

Cape Town based venture capital (VC) company HAVAÍC revealed yesterday that it has concluded an investment in Nairobi based Dukapay Ltd (trading as Tanda)….

We’re betting on investing R250m in startups over next 3 to 5 years – HAVAÍC head

Venture capital (VC) company HAVAÍC is betting on an exciting next three to five years. This, after the Cape Town based VC deployed R40-million in…

HAVAÍC reveals its invested about $550k in SA biotech startup 3X4 Genetics

Cape Town based venture capital (VC) company HAVAÍC has invested “about $550 000” in genetic tests startup 3X4 Genetics, the VC’s CEO Ian Lessem…

HAVAÍC, institutional funder invest further R6m in Aura

Joburg-based startup Aura has netted a further R6-million from Cape Town based venture capital (VC) company HAVAÍC. The investment, which was made in the last…

SA trio behind US-based startup Sortd net funding from HAVAÍC [Updated]

Sortd, a US-based software startup founded by three SA founders, has secured investment from Cape Town based venture capital (VC) firm HAVAÍC. Sortd has developed a…

HAVAÍC invests undisclosed sum in Kenyan virtual postbox startup MPost

Cape Town based venture capital (VC) firm HAVAÍC yesterday announced that it had invested an undisclosed sum in a pre-Series A round in Kenyan virtual…

Taking your African tech startup global [Opinion]

There are several stories of SA and African companies successfully taking their products and services to the global market. However, African entrepreneurs have to…

As SA proptech sector hots up here are five startups to watch

The proptech sector is hotting up. Last year saw online estate agency PropertyFox acquire fellow Cape Town based property platform Steeple for an undisclosed sum and Pam Golding Properties buy up…

HAVAÍC acquires 10% stake in SA real-estate portal Instant Property

Cape Town based venture capital (VC) company Havaíc has acquired a 10% equity stake in commercial real-estate portal Instant Property. In a statement yesterday (15…

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…

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…

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…

YouTube Music announces schedule for Africa Month

AI Media Group launches Deepfake Africa Challenge

Cameroon fintech secures $3-million

SMEs: Budget hacks to boost your business despite the pandemic

Fintech specialist e4 builds computer centre for Soweto school

Samsung announces prices, pre-orders for Neo QLED TVs in South Africa

Oppo launches A74 5G in South Africa: price and details

Itel launches affordable Vision 1 Pro smartphone in SA

Road test: The Volkswagen Caravelle 6.1

Volvo launches online store in South Africa

The Hyundai Sante Fe is a Korean all-terrain luxury SUV