South African VC firm AngelHub Ventures, which includes former FNB chief executive officer (CEO) Michael Jordaan amongst its backers, appeared to have a quiet 2014. But the reality was quite the opposite, and under the guidance of lead partner Brett Commaille, the firm is equally active this year.
Disrupt Africa reported in January AngelHub Ventures invested almost ZAR20 million (US$1.7 million) in five startups in 2014, while this year the company – which includes GoMetro amongst its portfolio companies – invested in South African e-book company Snapplify.
The appearance of calm at an in fact rather busy company is testament to AngelHub’s preference to shout about its portfolio companies only once they have achieved something, with raising funding simply being a means to an end. Commaille told Disrupt Africa the firm is there to help as much as any particular startup needs it.
“VC is about using your networks, experience and funding to help the business achieve it’s goals. Our involvement depends entirely on what is needed by each company. At times we’ve had to be a bit more hands on but ideally our focus is working with the management team to refine the strategy and advise on implementation,” he said.
Read more on Disrupt Africa