News
SwiftVEE raises R173 million Series A from HAVAIC, Exeo Capital and Iain Williamson
South African livestock trading platform SwiftVEE has raised about R173 million in a Series A with new backing from Havaic, Exeo Capital and former Old Mutual CEO Iain Williamson.
By Propel Africa · 2025-11-28
ITWeb reported on 28 November that SwiftVEE has raised about R173 million in equity and funding instruments in a Series A. The new investors are Havaic, an African venture capital firm, private equity firm Exeo Capital, and Iain Williamson, the former CEO of Old Mutual. Existing shareholders Mike Kirsten, Carlo Dickson and Zire Africa also took part.
What the company does
SwiftVEE runs an online livestock trading platform that links farmers, feedlots, buyers and sellers. Farmers and agents list cattle, sheep, goats and other animals for sale, and the company also offers digital finance, insurance and data services. SwiftVEE launched in 2019. Russel Luck is co-founder and CEO, and Christine van Breda is co-founder and COO.
Traction and markets
The company trades more than $100 million in livestock and game each year and hosts several hundred auctions annually. It operates in South Africa, Namibia, Botswana, Zimbabwe and Zambia, with buyer syndicates in North America, Europe, the UAE, Asia and Australia.
What the money is for
The funds will support entry into new markets and the addition of fintech, insurtech and data solutions across its platforms.
At a glance
- Company: SwiftVEE
- Raised: About R173 million
- Round: Series A
- New investors: Havaic, Exeo Capital, Iain Williamson
- Launched: 2019
- Markets: South Africa, Namibia, Botswana, Zimbabwe, Zambia
- Key number: More than $100 million in livestock and game traded each year