Fund profile / South Africa

Hlayisani Venture Fund II

Geography: South Africa
Stage: Series A
Fund size: R500M
Focus: AI/ML, EdTech, Digital Health and Digital Infrastructure
Signals: Published

N°01 / About

About Hlayisani Venture Fund II

South Africa's leading Black-owned VC. $30M first close (R500M) for Fund II targeting Series A in fintech, healthtech, edtech, AI, and digital infrastructure across Sub-Saharan Africa. Backed by PIC and SA SME Fund. Final close target: June 2026.

N°02 / Thesis

Investment Focus

Location / RegionSouth Africa

Funding StageSeries A

Industry Focus

AI/ML

EdTech

Digital Health

Digital Infrastructure

FinTech

Investor Signals Profile

active

Sweet Spot

Tech-enabled African SME with global scale ambitions

sub-Saharan Africa

ICT & tech-enabled

growth equity

socio-economic impact

B-BBEE black-owned

Bullish Signals

HVF II: R500M raised, deploying nowexternal

Anchored by PIC + SA SME Fundexternal

R60M deployed into spatialedge (AI)external

Founded 2016, Level 2 B-BBEE certifiedexternal

Portfolio: OOH media + AI — diversifiedexternal

FSCA-registered FSP, Category I & IIexternal

JHB + Stellenbosch offices — dual presenceexternal

Onboarding additional institutional + private LPsexternal

Glynt Group (OOH) portfolio spotlight Apr 2026external

Wamly Series A: R50M led, HR tech leaderexternal

Portfolio now includes manufacturing + health verticalsexternal

Wamly fastest-growing HR tech on continentwebsite

Founded by entrepreneurs, for entrepreneurs ethoswebsite

Provides capital + strategic support + global marketswebsite

Hlayisani means 'nurture and grow' — mission-alignedwebsite

Dual-lens: high-growth + high-impact businesses focuswebsite

Actively seeking Series A/B growth-stage companieswebsite

Africa greatest growth investment opportunity thesiswebsite

Investor access to global market connectionswebsite

Contrarian Signals

Africa-only scope limits deal universeexternal

Institutional-anchored = slower decisionsexternal

B-BBEE criteria may restrict eligibilityexternal

Active fraud impersonation warnings flaggedwebsite

Founder Do's

Operate in ICT, agri, health, education, manufacturing

Show high-growth + high-impact potential

Have global expansion ambitions

Be tech-enabled or data-driven

Demonstrate socio-economic community impact

Founder Don'ts

No Africa-irrelevant business models

No low-impact, low-growth businesses

No non-tech-enabled traditional SMEs

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Facts

Fund Overview

Fund SizeR500M

Saves0

Website

People

Key People

Brett Commaille, Mathew Palin

Michael JordaanCo-founder (via Angelhub Ventures)

Kevin HarrisCo-founder (via Angelhub Ventures)

Dr Reuel KhozaCo-founder (via Dzana Investments)

Francois de WetPortfolio founder (Wamly)

N°04 / See also

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