The third and closing closing of the HAVAC Universum Core African Fund, a US$20 million fund that can spend money on early-stage know-how companies in South, East, and West Africa, has been introduced by the South African enterprise capital agency HAVAC.
The HAVAC Universum Core African Fund is the corporate’s second pan-African funding fund, with a 3rd and closing closing of US$20 million in partnership with Universum Wealth, in addition to institutional traders from South Africa and the USA, together with Fireball Capital.
It would spend money on African startups that make use of know-how to unravel real-world native, regional, and worldwide issues and have a major affect within the markets they serve.
“The institutional traders within the fund convey new worldwide ties and capital to the desk. This, together with our expertise investing in Africa, creates a profitable mixture of native experience, networks, and worldwide follow-on finance. “On the subject of scaling enterprises, these are all crucial facets,” mentioned Ian Lessem, managing companion of HAVAC.
The fund backs and invests in early-stage, post-revenue seed investments to Sequence A progress investments.
HAVAC is an funding and advising group that invests in and helps early-stage, high-growth African know-how enterprises with confirmed ideas and international prospects, offering subtle particular person and institutional traders with high-return and impactful funding choices.
