TLDR:
- VC firm HAVAÍC led a USD 634 K follow-on investment round in RNR (Right Now Response).
- RNR provides truck fleet managers and OEMs with on-demand breakdown support.
Article Summary:
Venture Capital firm HAVAÍC has invested USD 634 K in RNR (Right Now Response) in a follow-on investment round. This brings the total investment from HAVAÍC to R12 million, with an initial investment of R9.2 million made last year. HAVAÍC is closely involved in the strategic, commercial, and financial aspects of RNR as a member of the Board.
RNR, based in Cape Town, offers on-demand breakdown support to truck fleet managers and OEMs through a network of vetted mechanics, electricians, and repair centers. Their app and web portal provide 24/7 breakdown visibility to help get drivers back on the road quickly.
HAVAÍC specializes in supporting early-stage, high-growth African technology businesses with global potential. They provide investment opportunities to both private and institutional investors.
Overall, the investment from HAVAÍC will support RNR in expanding its services and reach in the truck fleet management industry. This partnership highlights the potential for growth and innovation in African technology companies with the support of strategic investors like HAVAÍC.
