Hlayisani Capital has successfully launched Hlayisani Venture Fund II (HVF II), securing R500 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 currently onboarding additional South African institutional and private investors and is targeting a final close in June 2026.
Hlayisani Capital manages over R1 billion 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:
These investments reflect a clear strategy: back founders solving real-world challenges with scalable, technology-enabled solutions.
Hlayisani’s new fund represents a significant shift in institutional investing as pension funds show a real interest in Venture Capital - not only for its potential returns but also its vital part in producing the exciting technology companies that may be tomorrow’s listed companies. With strong institutional backing and early capital deployment underway, the fund is well-positioned to scale its impact across South Africa’s innovation ecosystem.
South Africa continues to produce globally competitive technology businesses, and HVF II exists to ensure they have the capital, opportunity, and long-term partners required to win on the international stage.
