Year Fund Started 2016
Type of Fund Manager Venture Capital
Regulatory License Number FSP No. 33933
Total Number of Investments to Date 15
Number of Investment Executives 4
Principal Office Address Cube WS, The Pavillion, V &A Waterfront, Cape Town
Key Contact Person and Designation Ian Lessem
BEE Ownership
Company Description HAVAIC is an investment and advisory firm that specialises in investing and supporting early-stage, high-growth post-revenue African businesses driven by technology with global prospects. As a complementary offering, HAVAIC provides corporate advisory and capital raising services to its portfolio companies as well as emerging, internationally scalable businesses.
Telephone +27 21 140 3569
E-mail ian.lessem@havaic.com
Website www.havaic.com
Name of Fund HAVAIC Universum Core Africa Fund Limited Partnership
Committed Capital of Fund Not specified
Fund Structure En commandite partnership
Nature of Fund Venture Capital
Number of Portfolio Companies 14
Minimum Investment R1 million
Maximum Investment R20 million
Average Current Investment Size R5 million
Industry Preference
  • Computer &/ Electronics
  • Financial & Insurance
  • Health & Medical & Life Science related
  • ICT
Industry Excluded
  • Gambling
  • Military services & Arms
  • Mining and mining related
Investment Stage Preference
  • Early-Stage
Investment Stage Excluded
  • Not specified
Minimum and Maximum Equity Usually Taken 1% - 25%
Geographical Preferences
  • SADC
  • South Africa
  • East Africa
  • West Africa
  • Sub-Saharan Africa