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HAVAÍC has led an R12 million follow-on funding spherical in RNR (Proper Now Response). The VC agency contributed R10 million following an initial R9.2 million invested as the corporate’s first institutional investor in February final 12 months.
South African-born RNR gives truck fleet managers and truck OEMs (Authentic Tools Producers) with on-demand breakdown assist through its nationwide community of vetted mechanics, electricians, and restore centres. The app and internet portal provide shoppers 24/7 breakdown visibility, together with stay location tracing and monitoring, to assist get drivers again on the highway quicker.
As a member of the Board, HAVAÍC works intently with co-founders Wayne and Michelle Witherspoon on key strategic, business, and monetary issues. Over the previous 12 months, RNR has grown income by 86% and elevated the quantity of month-to-month breakdowns dealt with through its platform by 87%. The startup has additionally expanded its community of suppliers and mechanics throughout Zimbabwe, Zambia, and Botswana. The funding will bolster RNR to develop its group and additional scale the tech platform regionally and in Southern Africa.
“The seasoned group at RNR is aware of their business inside out. Their hands-on experience and spectacular community imply RNR is well-positioned to reap the benefits of the escalating demand for his or her know-how in Southern Africa’s important transport and logistics market. We’re excited to deepen our relationship with RNR and assist their outstanding progress trajectory,” mentioned Kiara Suttner-Tromp, Funding Principal at HAVAÍC.
“HAVAÍC have been extraordinarily supportive strategically whereas on the similar time leaving us to do what we do finest. They create a contemporary perspective and ask probing questions that open up new prospects. We stay up for proceed working intently with Kiara and the group as we tackle our subsequent progress chapter,” added Wayne Witherspoon, CEO and co-founder at RNR.
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