Cathay Africinvest Innovation Fund
The SDG Frontier Fund has invested EUR 4 M in Equity in the Cathay Africinvest Innovation Fund Ltd, a Pan African Venture Capital Fund.
Amount
€ 4,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
Organisation
Cathay Africinvest Innovation Fund
Website
https://www.africinvest.com/Domicile
Cathay Africinvest Innovation Fund is a Venture Capital fund aiming to support innovative businesses addressing socioeconomic gaps across Africa through equity investments from seed to growth stage.
As a partnership between fund managers Africinvest and Cathay Innovation, the fund combines both African and global resources and networks, enabling it to address and add value to a sizeable and increasing pipeline of disruptive investment opportunities with African to global footprints. The Fund targets both (i) Africa based innovation ventures that are scaling their activities in Africa and/or beyond and (ii) internationally based innovation ventures that are developing their activities across Africa.
Development impacts
-
Local economic growth
Provide capital funding to innovative, highly scalable companies, creating jobs in the digital sector to multiple African countries, including the least developed countries
-
Private sector consolidation/innovation
Support the emergence of a digital economy in Africa, by enabling success stories on the continent, in turn reinforcing the African VC ecosystem and creating a virtuous innovation cycle.
Support the emergence of a digital economy in Africa, by enabling success stories on the continent, in turn reinforcing the African VC ecosystem and creating a virtuous innovation cycle.
Other investments by
SDG Frontier Fund
- Omnivore Agritech & Climate Sustainability Fund III (Equity) $ 3,500,000.00 (2023)
- TIDE Africa II Fund (Equity) $ 2,500,000.00 (2022)
- Uhuru Growth Fund I-A SCP (Equity) $ 2,500,000.00 (2022)
- AfricInvest Financial Inclusion Vehicle (Equity) € 3,200,000.00 (2022)
- Ezdehar Mid-Cap Fund II (Equity) $ 1,700,000.00 (2021)
- Incofin India Progress Fund (Equity) € 3,500,000.00 (2021)
- Ascent Rift Valley Fund II (Equity) $ 4,000,000.00 (2020)
- African Rivers Fund III (Equity) $ 1,700,000.00 (2020)
- Excelsior Capital Vietnam Partners (Equity) $ 2,200,000.00 (2020)
- South Asia Growth Fund II (Equity) $ 2,200,000.00 (2020)
Made possible through this investment
54gene
Nigeria
54gene is a health technology company centered on advancing the field of African genomics to unlock scientific discoveries as well as improve diagnostic and treatment outcomes within Africa and the global community.
Aerobotics
South Africa
Aerobotics is a South African company that develops a machine learning technology using high resolution and multi-dimensional sensing imagery from drones and satellites to provide tree specific insights with information on tree count, size, health and chlorophyll levels.
GoMyCode
Algeria, Côte d'Ivoire, Egypt, Morocco, Nigeria, Senegal, Tunisia
GoMyCode is an educational platform that trains talents on digital skills and connects them with tech opportunities around the world.
Heetch
Algeria, Angola, Côte d'Ivoire, Morocco, Senegal
Heetch is a ride-sharing app targeted at late night transportation seekers, offering an alternative to taxis.
Kaios
KaiOS Technologies powers an emerging global ecosystem of affordable digital products and services. Its mobile operating system enables a new category of lite phones and other IoT devices that provides a rich user experience with limited memory requirements, is the leading mobile OS for smart feature phones, and the third largest after Android and iOS.
Migo
Nigeria
Migo is a cloud-based platform that enables companies to offer credit to their customers, augmenting traditional bank and payment card infrastructure.
Ozé
Ghana
OZÉ is a fintech platform that equips small business owners in Africa to make data-driven decisions to improve their performance, tap into networks, and access the capital they need to grow.
WhereIsMyTransport
South Africa
WhereIsMyTransport is a leading mobility technology company and central source of complete public transport data for emerging-market megacities.
Read impact and news about this project
News
SDG Frontier Fund Final Closing
29-04-2022
First-of-its-kind Belgian impact fund mobilises additional private resources to support African and Asian SMEs in their growth.
News
Greener money
31-08-2021
Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.
Article originally appeared in MT Magazine in Dutch.
News
Repousser les frontières des investissements durables
15-12-2020
An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van den Bosch on the SDG Frontier Fund, published in L'Eventail on the 10th of December 2020, written by Cédric Boitte.
This article was published in French.
News
You'll never make the world sustainable with only public money
02-07-2020
Financial return is worth twice as much if it also helps the world move forward. The Belgian government and business world collect 50 million euros for sustainable investments in the African and Asian private sector. "Investing is better than giving," says driving force Alexander De Croo, Minister of Development Cooperation. "You will only see a return on your investment if it has really made a difference."
News
SDG Frontier Fund first closing
02-07-2020
First-of-its-kind Belgian impact fund brings together 9 private investors to support sustainable economic growth in African and Asian frontier markets.
View more of our investments in this region
Financial Institutions
BRAC International Finance
12,815,000.00
Liberia, Sierra Leone, Tanzania, Uganda
08/11/2024
Debt
