The Cathay Africinvest Innovation Fund is the first Pan-African Venture Fund created with AfricInvest to connect the continent and the world’s leading innovation ecosystems. With the combination of socio-economic gaps and innovation drivers, startups have an opportunity to fuel a technological leapfrog that can improve over 1 billion lives across Africa. We want to fuel this transition by creating and connecting new digital infrastructures and services that will boost the economy to the next level.Video
We invest in early to growth-stage startups based in or focused on Africa that are ready to scale and make a significant impact with innovative and inclusive solutions.
We back mission-driven teams with a particular focus on logistics, e-commerce, edtech, fintech, mobility, healthtech, energy and agtech.
Our initial check sizes range from $1 – $10M for growth-stage or select seed stage tickets up to $1M.
The fund is operated by the Africinvest team, through a common management company, with the value-added global support of Cathay Innovation.
AfricInvest was founded in Tunis in 1994 and is today among the leading private equity and VC firms in North and Sub-Saharan Africa with $1.5 billion of assets under management. AfricInvest relies on a team of 75 highly skilled investment professionals, representing 15 nationalities, operating out of ten offices in Abidjan, Algiers, Cairo, Casablanca, Dubai, Lagos, Nairobi, Paris and Port Louis, Tunis (and soon Johannesburg).Website
Cathay Innovation and AfricInvest to raise $168M Africa VC fund
Tunisia-based private equity firm Africinvest has teamed up with Cathay Innovation — the venture sub of Paris-based private equity firm Cathay Capital —…TechCrunch