HAVAIC

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)….

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…

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…

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…

Funding your startup: Ventureburn lists the SA investors delivering [2019 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…

HAVAÍC announces R4.5m investment in Cape healthtech startup Recomed

South African venture capital (VC) firm HAVAÍC announced today that it has led a fully subscribed equity raise of R4.5-million in Cape Town healthtech startup RecoMed….

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…

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…

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…

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…

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…

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…

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…

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