AngelHub Ventures made 2014 investments totalling $1.7m

South African venture capital (VC) fund AngelHub Ventures invested almost ZAR20 million (US$1.7 million) in five startups in 2014 despite appearing to have a quiet year, though it will not announce which startups until they have made significant developments.

“We’re going to be doing announcements around them in the new year but we time our announcements with significant developments in the businesses since our funding is merely one element in helping them reach their goals,” Brett Commaille (CEO) said. “We don’t make a big fuss about the funding, we prefer making a fuss about the business.”

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