South African VC fund HAVAÍC closes first tranche of third pan-African fund

HAVAÍC, a South African venture capital fund that backs early-stage, high-growth African technology startups, has recorded the first close of its third Africa-focused fund, its largest deal to date. The Cape Town-based VC firm has raised $15 million in the first close of African Innovation Fund 3, led by anchor investors Universum ……