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December 14, 2023
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Saviu Ventures secures $13M to boost Francophone Africa investments.

Saviu Ventures has raised $13M in its first closure of fund Saviu II. This fund aims to support early-stage companies in Francophone Africa, specifically from seed to Series A. Saviu Ventures was founded in 2018 and has seven investors and operators in Abidjan, Dakar, and Paris. The company has previously invested in various sectors such as fintech, e-health, edtech, climate-tech, and e-commerce.

  • Saviu Ventures has raised $13M for its fund, Saviu II, aimed at investing in early-stage companies in Francophone Africa.
  • The company has a history of investing in a range of sectors including fintech, e-health, edtech, climate-tech, and e-commerce.

Saviu Ventures’ second fund follows the model of its previous fund, focusing on the Francophone regions of Africa. Notable investments from Saviu II include Waspito (Cameroon), Rubyx (Senegal), and Workpay (Kenya). The recent $13M funding signals a significant milestone for the firm which is well-positioned to support a fresh wave of skilled entrepreneurs in the tech industry.

Co-founded in 2018 by Benoit Delestre, Samuel Touboul, and Cynthia Mandjek, Saviu Ventures positions itself as an early contributor to the Francophone African V.C. industry with a team of seven investors and operators in Abidjan, Dakar, and Paris. The firm has invested in startups like Anka, Julaya, Zanifu, Lapaire, and Paps, totaling 12 in its portfolio.

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.

According to Delestre, securing the fund and regulatory approval is the culmination of five years of dedicated work. Saviu Ventures is eager to continue its collaborative journey with emerging tech talent and aim to foster innovation without being limited to specific industries.

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