Hlayisani Venture Fund II

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.

Investment Focus

Location / RegionSouth Africa

Funding StageSeries A

Industry Focus

Ai Ml

Digital Education Consumer

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

Contrarian Signals

Africa-only scope limits deal universeexternal

Institutional-anchored = slower decisionsexternal

B-BBEE criteria may restrict eligibilityexternal

Active fraud impersonation warnings flaggedexternal

Founder Do's

Operate in ICT, agri, health, or education

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

Key GPs & Partners

Michael Jordaan

Backer / Co-founder (via Angelhub Ventures)

entrepreneur-backerSA tech pioneerstrategic

Kevin Harris

Backer / Co-founder (via Angelhub Ventures)

entrepreneur-backerearly-stage focus

Dr Reuel Khoza

Co-founder (via Dzana Investments)

institutional heavyweightgovernance-focusedimpact-driven

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Fund Overview

Fund SizeR500M

Saves0

Website

Key People

Brett Commaille, Mathew Palin

Michael JordaanBacker / Co-founder (via Angelhub Ventures)

Kevin HarrisBacker / Co-founder (via Angelhub Ventures)

Dr Reuel KhozaCo-founder (via Dzana Investments)