The Cape Town-based VC firm contributed R10 million following an initial R9.2 million invested as the company’s first institutional investor in February last year.
The app and web portal offer clients 24/7 breakdown visibility, including live location tracing and tracking, to help get drivers back on the road faster. “RNR is well-positioned to take advantage of the escalating demand for its technology in Southern Africa’s significant transport and logistics market,” says Kiara Suttner-Tromp, investment principal at Havaíc.As a member of the board, Havaíc says it works closely with co-founders Wayne and Michelle Witherspoon on key strategic, commercial and financial matters.
“Havaíc has been extremely supportive strategically, while at the same time leaving us to do what we do best,” comments Wayne Witherspoon, CEO and co-founder of RNR.