South Africa: Hlayisani Capital secures over $30m for new fund
The fund is targeting a final close in June 2026.
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South Africa-based Hlayisani Capital has launched the Hlayisani Venture Fund II (HVF II), securing R500 million (about $31 million) in commitments to date. The fund is anchored by the Public Investment Corporation (PIC) and the SA SME Fund, alongside additional private investors and family offices.
The fund is targeting a final close in June 2026.
Hlayisani Capital manages over R1 billion (about $62 million) across three funds and focuses on backing high-growth, technology-enabled businesses with strong South African roots. HVF II invests in Series A opportunities in scalable companies across AI, fintech, healthtech, edtech and digital infrastructure – targeting businesses that have achieved product-market fit and are ready to accelerate.
The fund has already deployed capital into three companies:
Tractor Outdoor Media – transforming outdoor advertising through targeted digital infrastructure
Spatialedge – enterprise AI that enables consumer-facing businesses to make faster, data-driven decisions that have a direct impact on their bottom line
Cogitait AI – building AI-driven solutions that enhance operational intelligence and automation
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