African entrepreneurs join forces with Proparco-led consortium for $25.8 million funding francophone Africa

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At a Glance

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• Saviu Ventures secures $25.8 million in the second close of its Saviu II fund, backed by Proparco, Triple Jump, and Axian Group.
• The fund targets early-stage African startups, focusing on Francophone Africa, with investments ranging from $0.52 million to $3.1 million.
• Strategic backing from development finance institutions strengthens Saviu’s capacity to drive impact and deliver returns in Africa’s tech ecosystem.

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Saviu Ventures, a key player in Francophone Africa’s venture capital landscape, has secured €25 million($25.8 million) in the second close of its Saviu II fund. 

The financing, led by Proparco, Triple Jump, and Axian Group with African entrepreneurs, will fuel investments in high-potential early-stage African startups, with a focus on tech-driven sectors such as fintech, healthtech, edtech, climate tech, and e-commerce.

This latest round positions Saviu II to support innovative African founders, with an investment range of €500,000($0.52 million)) to €3 million($3.1 million) per startup. The firm takes a hands-on approach, providing portfolio companies with strategic support in business development, recruitment, fundraising, and expansion.

Strengthening institutional backing in francophone Africa

The commitment from leading development finance institutions and corporate investors marks a milestone for Saviu Ventures. It not only expands the fund’s capacity to scale Africa’s startup ecosystem but also enhances collaboration between portfolio companies and institutional backers.

Benoit Delestre, Managing Partner at Saviu Ventures, highlighted the significance of this institutional support, stating, “Their involvement validates our investment approach in Francophone Africa and strengthens our ability to create meaningful synergies with corporate partners and international organizations.”

A proven track record in venture capital

Founded in 2018, Saviu Ventures has a track record of identifying and scaling some of Francophone Africa’s most promising startups.

With a portfolio of over 20 companies and recent successful exits, the firm has proven its ability to generate both financial returns and social impact, including job creation and financial inclusion.

By securing institutional support from Proparco, Triple Jump, and Axian Group, Saviu II is set to play a key role in shaping the future of Africa’s tech-driven economy.