AfricInvest and Cathay Capital Reach ~USD111m Final Close for African Joint Venture Fund

Source(s): AfricInvest

AfricInvest and Cathay Capital reached a EUR110m (~USD111m) final close for their joint pan-African venture fund focusing on early- to growth-stage startups in fintech, mobility, healthtech, edtech, AI, digital content and agtech verticals. The vehicle received commitments from EIB, AfricaGrow, FMO, Bpifrance, AfDB, Triodos Investment Management, Proparco, SIFEM, BIO and others. Read more