Cathay Capital and AfricInvest to raise $168M Africa VC fund
by Carol 2019-04-11
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Tunisia based private equity firm Africinvest has teamed up with Cathay Capital — a global private equity firm based in Paris — 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.