Wednesday, July 23, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

AfricInvest and Cathay Innovation have successfully closed a €110 million venture capital fund

Tech Gist Africa by Tech Gist Africa
07/21/2022
in Funding, News, Venture Capital
0 0
0
AfricInvest

AfricInvest

0
SHARES
Share on FacebookShare on Twitter

Cathay Innovation, a venture capital firm, and AfricInvest, an African multi-asset investment platform, have closed their combined Pan-African Venture Fund, Cathay AfricInvest Innovation Fund (CAIF), at a total of €110 million.

The fund is supported by LPs like the EIB, AfricaGrow, FMO, Bpifrance, Triodos Investment Management, Proparco, SIFEM, BIO, and others, as well as a diverse group of well-known investors from around the world, including high-net-worth individuals from Europe, Africa, and the Middle East and development finance institutions.

The multi-strategy platform of AfricInvest has actively strengthened the private equity and venture capital ecosystem in Africa since it was established in 1994.

Cathay Innovation, a top venture capital firm that was established in 2015, offers entrepreneurs help from a worldwide ecosystem spanning North America, Europe, Asia, Latin America, and Africa.

Ten well-known businesses operating across the continent have received funding from CAIF since it was founded, including 54gene, OZÉ, Migo, PalmPay, Heetch, KaiOS, Boomplay, Aerobotics, and WhereIsMyTransport.

After the fund’s closing, the CAIF team will concentrate on funding the most promising early- to growth-stage firms that are transforming African lives through innovative, tech-enabled goods and services. The fund invests in entrepreneurs across a variety of industries, including Fintech, Mobility, HealthTech, EdTech, AI, Digital Content, and AgTech, with initial check amounts ranging from €1-10M for growth-stage and up to €1M for chosen seed-stage tickets.

“AfricInvest’s partnership with Cathay Innovation brings to Africa global expertise in the innovation space along with a strong network in Europe, the US, and Asia, all helping to build bridges between Africa and the rest of the world and allowing the fund’s investees to grow into regional and global champions,” says Cathay Innovation. Yassine Oussaifi, a partner at AfricInvest and the co-head of CAIF, said.

With offices on three continents and more than €2 billion in assets under management, Cathay Innovation has a proven track record of investing in startups that are accelerating the sustainable and digital transformation of business and society through more than 120 global investments, including 19 unicorns.

 

Read more on Tech Gist Africa:

Cassava Technologies has announced a $50 million strategic investment from C5 Capital

Catalyst Fund has successfully raised $3.5 million in order to accelerate and scale pre-seed impact companies in Africa

Persistent Energy has secured a $10 million equity round in order to expand the company’s efforts in Africa’s climate change sector

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
Bizao ivory coast

Bizao, a fintech startup based in the Ivory Coast, raises $8.2 million

Algebra ventures Egypt

FMO has committed $10 million to Algebra Fund II

Cartona Egypt

Cartona, an Egyptian B2B Ecommerce Platform, secures $12 million in funding

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.