It has been a very active year at HAVAÍC. Over the past 12 months, we have continued to invest in Africa's most exciting and impactful early-stage technology companies that now serve a combined 18.5 million customers in over 180 countries across the world.
This comes on the back of ongoing, long-term growth in the continent's technology sector, buoyed by continued demand from both local and international investors.
Following the close of our second Sub-Saharan African fund, which completed 8 investments over the past year, our total portfolio now includes 18 high-impact technology companies.
To date, we have achieved 4 international exits, delivering returns to our investors in line with our 30% annual return target.
Our continent has an abundance of emerging entrepreneurs filled with a profound desire to positively impact the lives of the people in their communities and prove Africa’s place on the global venture capital stage. The phenomenal growth we have seen so far is only the beginning.
Continued smart investment in African-born innovation will continue to yield both impact and high returns.
We are pleased to share the HAVAÍC Investments by Numbers 2022 Recap.