Deal Street

African Startup Funding Tracker

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Saviu Ventures’ Second Fund Reaches EUR 12 M First Close
Saviu Ventures’ Second Fund Reaches EUR 12 M First Close

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million (USD 13.14 M) for its second fund with the backing of private investors, including French and Kenyan family offices. The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within Francophone Africa.

Saviu Ventures invests in seed stage startups, and is sector agnostic, but, with the current fund, it is keen on fintechs, health-techs and climate-techs, while slowing down on e-mobility, e-commerce and e-logistics.  Its portfolio companies include Anka (Afrikrea), an e-commerce platform; Julaya, an Ivorian neobank; Zanifu, a Kenyan digital lender; Lapaire, an eye-wear retailer with operations in Ivory Coast, Mali, Burkina Faso, Benin and Togo; and Paps, a Senegalese e-logistics startup.