Africa: AfricInvest and Cathay Innovation Reach Final Close of Pan-African Fund At €110m

19 July 2022
TechCrunch (San Francisco)
By Tage Kene-Okafor

Cathay AfricInvest Innovation Fund (CAIF), a Pan-African fund launched via a partnership between AfricInvest, a multi-asset investment platform in Africa and Cathay Innovation, a European-born but global-focused venture capital firm, has achieved a final close of €110 million.

Just last week, Cathay Innovation announced that it was targeting to raise €1 billion for its third fund to invest in growth and later-stage companies across Europe, North America, Latin America and Asia. Within the last three months, the fund launched two sister entities: a $110 million crypto fund and a $500 million health fund.

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