Saviu Ventures, a leading venture capital firm in Francophone Africa, has reached the first close of its second fund Saviu II, backed by private investors and family offices, to continue investing in the region’s most promising startups. Founded in 2018 and led by Benoit Delestre, Samuel Touboul and Cynthia Mandjek, Saviu Ventures was one of the first movers in the Francophone African VC space, and now has a team of seven investors and operators spread across Abidjan, Dakar, and Paris. 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. Following its first close Saviu II already made a few investments, including in Cameroon’s Waspito, Senegal’s Rubyx, and Kenya’s Workpay. “Reaching the first close of Saviu II and obtaining our license from regulatory authorities is a recognition of all the work that has been done in the past five years, building the track record of Saviu I and the brand name of Saviu Ventures in the Francophone Africa region.

Source: The North Africa Journal November 29, 2023 06:02 UTC