HAVAIC (African Innovation Fund 3)
HAVAIC (African Innovation Fund 3) is a equity investment from HAVAÍC for startup, growth businesses across South Africa. Applications are accepted on a rolling basis.
Overview
HAVAIC is a real, active Cape Town VC investing in early-stage, post-revenue African tech startups with global potential. Its current vehicle is the US$50 million African Innovation Fund 3 (third close, over US$30m committed, Feb 2026); it also co-manages the Universum Core African Fund. It does not publish cheque sizes or turnover gates - Fund 3 has deployed about US$10m across 8 startups (average around US$1.25m). Startups can pitch via the website or info@havaic.com.
Programme details last verified on 12 June 2026.
Full Description
Seed to Series A investments focusing on fintech, insurtech, and B2B software companies in Africa.
Eligibility Criteria
Frequently Asked Questions
Who qualifies for HAVAIC (African Innovation Fund 3)?
HAVAIC (African Innovation Fund 3) targets startup, growth businesses across South Africa.
When is the deadline for HAVAIC (African Innovation Fund 3)?
Applications are accepted on a rolling basis.
How do I apply for HAVAIC (African Innovation Fund 3)?
Check your eligibility with the free readiness check on Okhantu, prepare the required documents, then apply on the provider's website.
Prepare Your Application
Increase your chances of success with these preparation resources.
Provider Guide
Learn about HAVAÍC's application process
Document Checklist
Requirements and deadlines
Download Templates
Business plan, cash flow, projections
Legal Framework
Relevant legislation and compliance
Compliance Check
Verify your CIPC, SARS, B-BBEE status
Get Expert Help
Find a funding specialist