HAVAIC Announces Second Close Of Its Newest Fund

HAVAÍC, an African focused VC investor has achieved the second close of its newest fund, HAVAÍC’s Universum Core African Fund. The fund which has a target of up to USD 20 Mn final close, is a joint venture between HAVAÍC and Universum Wealth.

HAVAÍC invests in startups and early-stage high growth technology businesses in Africa. In 2020, HAVAÍC concluded 8 investments in companies located in South Africa, Nigeria, and Kenya. The fund aims to achieve its third and final close later this year.