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HAVAÍC concludes 8 investments in 2020

In 2020, HAVAÍC concluded 4 new investments and 4 follow-on investments in early stage high growth African technology companies located in South Africa, Kenya and Nigeria.

Reflecting on the past year, Ian Lessem, Managing Partner at HAVAÍC, said, “In 2020 we have seen the commercial adoption of technology increase at unprecedented rates. With the favourable performance of our new and existing portfolio companies, as well as the economic, social and commercial prospects for investing in African technology looking brighter than ever, HAVAÍC is very excited for what the future holds for Venture Capital on the continent.”

HAVAÍC’s 4 new investments include:

  • 3X4 – Cape Town based Healthtech, specialising in nutrigenetic testing, analysis and preventative medicine. https://www.3x4genetics.com/

  • BusyMed – Port Elizabeth based Healthtech digital platform that connects local pharmacies directly to consumers. https://busymed.co.za/

  • Mobiz – Marketing and communications platform based in Cape Town, that delivers data rich campaigns via microsites directly to consumers through their SMART SMS technology. https://mobiz.co/

  • Kuda – Lagos headquarted digital bank leveraging its core banking technology to bring about financial inclusion in Nigeria, and beyond. https://kudabank.com/

Greg Chen, CEO of Mobiz, stated that, “With Mobiz entering into new markets, HAVAÍC’s experience in internationalising local businesses has been instrumental, and I am glad to have them on board as a partner.”

HAVAÍC’s 4 follow-on investments include:

  • AURA – SafeTech headquartered in Johannesburg, whoes cloudbased platform provides users with access to affordable, efficient and fast emergency services, anytime and anywhere. https://aura.services/

  • RecoMed – Cape Town based Healthtech, whose integrations with leading medical insurers, hospital groups, pharmacies and doctors nationally, allows customers to securely book online for physical and/or virtual medical and health consultations across a variety of platforms. https://www.recomed.co.za/

  • Tanda – Nairobi headquarted FinTech that turns neighbourhood micro-retailers into fully powered digital financial services providers, supporting cash, loan, airtime, insurance and 3rd party payment solutions. https://www.tanda.africa/

  • HearX – Pretoria based audiology Healthtech with proprietary digital testing and corrective technology that has conducted over a million hearing tests globally and is being commercialised the world over. https://www.hearxgroup.com/

From Nairobi, CEO and founder of Tanda, Geoffrey Mulei stated, “HAVAÍC really understands the local market, the opportunities and the difference Tanda can make in peoples lives. From the start they have been very hands on in helping with strategic direction and in identifying the best partnerships to support Tanda's growth.”

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