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  • Ian Lessem

2020 South African VC outperforms in spite of global challenges

The Southern African Venture Capital and Private Equity Association (SAVCA) has released the Venture Capital (VC) Industry Survey for 2021. There was much anticipation in the market for this report, as the industry was eager to see what the effects of COVID-19 was on deal activity

Off the back of unprecedented growth in the adoption of technology, 2020 was HAVAIC’s most active year of investment to date, having made 4 new investments and 4 follow on investments. Pleasingly this trend has strongly filtered through into our portfolio companies performance, with them collectively acquiring over 2 million global customers, and increasing revenues by close to 100% year-on-year. - Ian Lessem, HAVAÍC, Managing Partner

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