Venture Capital and Early Stage Investing

​Venture capital and early stage investing is a well-established industry and asset class in many developed markets, but remains relatively new in South Africa, where multiple opportunities await new investors. Ian Lessem and Grant Rock, founding partners of a Cape-Town based venture capital and advisory firm Havaic, told a GIBS forum that South African tech start-ups are attracting the attention of local and international venture capitalists. These businesses, which are about creating efficiencies and disrupting markets, can be scaled without a significant increase in fixed costs and often have the potential to expand into international markets. Havaic, which specialises in early-stage, hig

HAVAÍC invests into Kenyan virtual postbox startup, MPOST, and gears up to participate in their Seri

Earlier this year, Taz Technologies Inc (trading as MPOST), concluded a pre-Series A first round of funding for an undisclosed amount with Cape Town based VC, HAVAÍC. Developed by Kenyan founders Abdulaziz (Aziz) Omar and Twahir Mohamed, MPost is an innovative, simple and affordable solution that utilizes consumers’ mobile phone numbers to create internationally accepted postal addresses, virtual Post Office (PO) boxes and generate real time cell phone notifications for its customers. The solution arose when Aziz missed out on a lucrative job as his successful offer letter was posted to his family’s PO Box in Mombasa - 500km’s from where he was staying in Nairobi - and no family member w

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