Cathay Innovation and AfricInvest to Raise $168m Africa VC Fund
Friday, April 12, 2019
By Jake Bright
Tunisia-based private equity firm Africinvest has teamed up with Cathay Innovation — the venture sub of Paris-based private equity firm Cathay Capital — to launch a new Africa tech fund with a target raise of $168 million.
Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on Series A to C-stage investments in African technology companies, says fund co-founder Denis Barrier.
“We’ll look at investments across several countries in Africa. We’ll focus on areas such as fintech, logistics, AI, agtech and edutech,” Barrier says.
Photo courtesy of AMISOM Public Information.