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December 14, 2023
1 min read

Saviu Ventures Scoops $13M for Investing in Francophone Africa

  • Saviu Ventures has raised $13 million in the first closure of its second fund, Saviu II, dedicated to investments in Francophone Africa.
  • The fund aims to support early-stage companies in Africa, particularly those in Francophone regions, and spans funding from seed to Series A.
  • Saviu Ventures has secured a license from the Mauritius Financial Markets Authority (FSC), positioning it as one of the few fully regulated venture capital fund management companies in the Francophone West African region.

Saviu Ventures, co-founded by Benoit Delestre, Samuel Touboul, and Cynthia Mandjek in 2018, has successfully raised $13 million for its investment in Francophone Africa. The fund, backed by private investors and family offices, will enable the company to sustain its investments in the region’s promising entrepreneurs. The first closure of its second fund, Saviu II, is primarily focused on Francophone Africa. The company has already invested in startups like Anka, Julaya, Zanifu, Lapaire, and Paps, with a total portfolio of 12.

Saviu Ventures aims to support early-stage companies in Africa, with a particular emphasis on Francophone regions. The funding covers stages from seed to Series A. Notable investments from Saviu II include Waspito (Cameroon), Rubyx (Senegal), and Workpay (Kenya). The firm’s journey marks a significant milestone, having secured regulatory approval for the first closure of Saviu II.

With the backing of a reputable brand in the Francophone Africa region and a track record established through Saviu I, the company is poised to support a new wave of talented entrepreneurs in the tech industry. Saviu funds have invested across various sectors, including fintech, e-health, edtech, climate-tech, and e-commerce, demonstrating a commitment to fostering innovation without being limited to specific industries.

Moreover, Saviu Ventures and its management company have secured a license from the Mauritius Financial Markets Authority (FSC) concurrently with the initial closing. This achievement positions Saviu Ventures as one of the few fully regulated venture capital fund management companies in the Francophone West African region.

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