Cathay AfricInvest Innovation Fund (CAIF)

Cathay AfricInvest Innovation Fund

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CAIF (Cathay AfricInvest Innovation Fund) backs entrepreneurs bringing innovative and inclusive technologies to Africa.

Use: Go2Market;
Date closing: -
Amount: 1M € - 10.0M €
Industry focus: Health; ICT; Others;
Total budget: 110M €
Entity type: Venture Capital
Vertical focus: logistics, e-commerce, edtech, fintech, mobility, healthtech, energy and agtech.
Website: https://cathayinnovation.com/fund/cathay-africinvest-innovation/

Status:
Open
Funding type: Equity investment;
Geographic focus: North America; Latam; Europe; Asia;
Public/Private: Private
Stage focus: Series A; Series B; Series C;
Applicant target: Startup;

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Overview

The Cathay Africinvest Innovation Fund is the first Pan-African Venture Fund created with AfricInvest to connect the continent and the world’s leading innovation ecosystems. With the combination of socio-economic gaps and innovation drivers, startups have an opportunity to fuel a technological leapfrog that can improve over 1 billion lives across Africa.

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. They back mission-driven teams with a particular focus on logistics, e-commerce, edtech, fintech, mobility, healthtech, energy and agtech. Their initial check sizes range from $1 – $10M for growth-stage or select seed stage tickets up to $1M.

The fund is operated by the Africinvest team, through a common management company, with the value-added global support of Cathay Innovation.

Within the last three months, the fund launched two sister entities: a $110 million crypto fund and a $500 million health fund.

Applicants willing to get in touch with CAIF can do it by following this link.

Portfolio: Kaios, Heetch, Migo, Palmpay.

Last updated on 2022-09-15 10:01