Friday, May 20, 2022
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

HAVAC, a South African venture capital firm, has closed a $20 million fund for early tech investments in Africa

Tech Gist Africa by Tech Gist Africa
05/10/2022
in Funding, News - South Africa, Venture Capital
0 0
0
HAVAÍC South Africa

HAVAÍC South Africa

0
SHARES
Share on FacebookShare on Twitter

The third and final closing of the HAVAC Universum Core African Fund, a US$20 million fund that will invest in early-stage technology firms in South, East, and West Africa, has been announced by the South African venture capital firm HAVAC.

The HAVAC Universum Core African Fund is the company’s second pan-African investment fund, with a third and final closing of US$20 million in partnership with Universum Wealth, as well as institutional investors from South Africa and the United States, including Fireball Capital.

It will invest in African startups that employ technology to solve real-world local, regional, and worldwide problems and have a significant influence in the markets they serve.

“The institutional investors in the fund bring new international ties and capital to the table. This, along with our experience investing in Africa, creates a winning combination of local expertise, networks, and international follow-on finance. “When it comes to scaling enterprises, these are all critical aspects,” said Ian Lessem, managing partner of HAVAC.

The fund backs and invests in early-stage, post-revenue seed investments to Series A growth investments.

HAVAC is an investment and advising organization that invests in and supports early-stage, high-growth African technology enterprises with proven concepts and global prospects, providing sophisticated individual and institutional investors with high-return and impactful investment options.

 

Read more on Tech Gist Africa:

We-Fi announces a $15 million funding round for African women entrepreneurs to improve their digital financial solutions

The International Finance Corporation (IFC) invests $15 million in ‘Algebra Ventures’ to help Egyptian tech startups

AlphaQ Venture Capital launches $1 billion ‘fund of funds’

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Zuri Health Kenya
Funding

Zuri Health raises $1.3 million in the pre-seed round

by Tech Gist Africa
05/20/2022
0

Zuri Health, a mobile-based digital healthcare startup, has announced that it has raised $1.3 million in funding to grow across...

Read more
Google for Startups Accelerator Africa

The Google for Startups Black Founders Fund for Africa is accepting applications for its second batch

05/20/2022
Topship Nigeria

Topship, a Nigerian logistics startup, has received a $2.5 million seed funding

05/20/2022
Instabug Egypt

Instabug, an Egyptian startup, has received a $46 million Series B funding round

05/20/2022
CarePoint Africa Health Holdings

CarePoint, a Ghanaian healthcare startup, has raised a $10 million bridge investment

05/20/2022
Next Post
GoMetro South Africa

GoMetro, a South African logistics startup, has raised a $1 million seed round to help it expand

Norebase Nigeria

Norebase, a Nigerian trade-tech startup, has received $1 million in pre-seed funding

Manara Edtech

Manara, an edtech startup, has raised $3 million in a pre-seed funding round

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

The Big 5

digital wallet Tech News

Digital wallet transaction value is expected to reach $12 trillion by 2026

by Tech Gist Africa
05/20/2022
0

...

Google for Startups Accelerator Africa

The Google for Startups Black Founders Fund for Africa is accepting applications for its second batch

by Tech Gist Africa
05/20/2022
0

...

AdanianLabs Founders

Adanian Labs announces a new cohort of African Tech startups incubated in their 2022 venture building program

by Tech Gist Africa
05/19/2022
0

...

Elon Musk Tech News

Elon Musk has paused his planned $44 billion Twitter purchase because of fake account data 

by Tech Gist Africa
05/16/2022
0

...

Terra Luna Coin

Cryptocurrency luna falls to $0 as UST falls farther from its dollar peg

by Tech Gist Africa
05/16/2022
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.