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.