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South Africa-based VC firm HAVAÍC has announced the third and final close of the HAVAÍC Universum Core African Fund, a USD 20 Mn fund that will invest in early-stage technology companies in South, East, and West Africa. The HAVAÍC Universum Core African Fund is its second pan-African investment fund, and its third and final close comes in partnership with international investment management firm Universum Wealth, and institutional investors from South Africa and the United States that including Fireball Capital.
HAVAÍC is an investment and advisory firm that invests in and supports early-stage, high-growth African technology businesses with proven concepts and global prospects, offering high return and impactful investment opportunities to sophisticated private and institutional investors. The fund invests in and supports early-stage, post-revenue seed investments up to later-stage growth Series A investments. It plans to invest in startups born in Africa that use technology to solve real-world local, regional, and international challenges, and make an impact in the markets they serve.