Saviu Ventures fund reaches €12m first close
Saviu Ventures, a venture capital firm specialising in Francophone Africa, recently achieved the first close of its second fund, Saviu II, securing €12 million.
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Saviu Ventures, a venture capital firm specialising in Francophone Africa, recently achieved the first close of its second fund, Saviu II, securing €12 million. The funding was raised from a mix of European and African entrepreneurs, high-net-worth individuals, and family offices.
Saviu Ventures was founded in 2018 and is led by Benoit Delestre (partner), who brings more than 15 years of entrepreneurial experience, including two fintech companies he founded and sold; Samuel Touboul (partner), a seasoned professional with more than 10 years of venture capital and private equity experience, both in Europe and Africa; and Cynthia Mandjek (investment manager), a former associate of Eurazeo and Orange Ventures.
In line with Saviu I, Saviu Ventures’ second fund will invest from Seed to Series A in African early-stage startups, with a strong focus on Francophone Africa. Saviu funds are sector agnostic but typically invest in tech or tech-enabled companies in sectors such as fintech, healthtech, edtech, climatetech and e-commerce.
Saviu II’s investments will range from €500,000 to €3 million, as a lead or reference minority shareholder.
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