Cathay AfricInvest Innovation
Status
ACTIVE
Global HQ
California, United States
Countries of investment
- USA
Investment stages
- Pre-Seed
- Seed
Industries
- Fintech
- AI
- Health Tech
- Blockchain
- Crypto
About
The Cathay AfricInvest Innovation Fund is the first PanAfrican Venture Fund created in collaboration with AfricInvest to connect Africa with the world's leading innovation ecosystems. The fund identifies socioeconomic gaps and innovation drivers to fuel a technological leapfrog across Africa. It supports entrepreneurs in creating and connecting new Digitalinfrastructures and services to boost economic development. AfricInvest, founded in 1994 and based in Tunis, is a leading private Equity and VC firm in North and SubSaharan Africa, with $1.5 billion in assets under management.
The Cathay AfricInvest Innovation Fund is the first PanAfrican Venture Fund created in collaboration with AfricInvest to connect Africa with the world's leading innovation ecosystems. The fund identifies socioeconomic gaps and innovation drivers to fuel a technological leapfrog across Africa. It supports entrepreneurs in creating and connecting new Digitalinfrastructures and services to boost economic development. AfricInvest, founded in 1994 and based in Tunis, is a leading private Equity and VC firm in North and SubSaharan Africa, with $1.5 billion in assets under management.
Investment Thesis
They 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.