A new fund, a performing portfolio, and a growing team. It has been a year of breaking barriers and continued growth at HAVAÍC, supported by the increasing influence and remarkable impact of Africa's thriving Venture Capital ecosystem.
OUR FUNDS
We announced the first close of our US$50 million African Innovation Fund 3, from which we deployed capital into six investments this year.
With nine investments in total, including seven follow-ons, we further diversified our portfolio across FinTech, HealthTech, SafetyTech, SportTech, MarketingTech, ConversationalTech, TelecomTech, E-commerce, LogisticsTech, ProductivityTech, and AgriTech.
OUR PORTFOLIO
Our 21-strong portfolio of African-born tech companies servicing customers across the globe produced a 110% increase in annual revenue, and delivered 155% total unrealised carrying value across our funds.
Our portfolio companies raised over US$150 million in external capital this year, underscoring the market's appetite for scalable technology that solves real-world problems both locally and abroad.
Almost 50% of our companies' revenue is generated internationally. With cost centres largely remaining based in Africa, fuelled by new market expansion, this creates skilled jobs on home soil, which includes a diverse employee pool comprising 40% females and 60% African.
OUR PEOPLE
Our team expanded and strengthened in 2024. Kiara Suttner-Tromp was promoted into our leadership team as Partner, while Thato Tabane and Ismaeel Abrahams joined our investment team.
Comments