Cathay AfricInvest Innovation Overview
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Cathay AfricInvest Innovation Fund is a new pan-African venture capital fund launched by AfricInvest and Cathay Capital. The $53 million fund will focus on investing in innovative, post-revenue digital startups in sectors like fintech, edtech, telecom, and smart energy that are based in or focused on Africa. AfricInvest is a leading pan-African investment firm with a strong track record of investing across the continent, while Cathay Capital is a global investment platform with over €3 billion under management and a presence across three continents. The fund aims to support African entrepreneurs and help connect them to innovation hubs around the world.
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Cathay AfricInvest Innovation Overview
- 1. April 2019 Cathay AfricInvest Innovation Fund
- 2. AfricInvest Abidjan, Côte d’Ivoire Algiers, Algeria Cairo, Egypt Casablanca, Morocco Lagos, Nigeria London, UK Nairobi, Kenya Paris, France Port Louis, Mauritius Tunis, Tunisia A leading pan-African player operating through 10 offices across Africa & Europe Key numbers €1.2bn Funds Raised 18 Funds Since Inception 152 Portfolio companies 84 Exits (15 Partial) 75 Professionals 16 Nationalities 25 Countries Invested
- 3. Cathay Capital Key numbers +€3bn Under Management 3 Continents 6 Offices +70 Investments +40 Investors +90 Professionals +20 Exits Cathay capital is a global investment platform founded in 2006 which has reached more than 3 billion assets under management, expanding its presence across three continents
- 4. We are on a mission for the creation of the first African leaders of innovation We support African entrepreneurs to develop their startups on the whole continent and connect them directly to all the world innovation hubs OUR VISION
- 5. Launching the first Pan African, Venture Capital Fund AfricInvest and Cathay provide together a global presence and a strong track record investing both in Africa and in Innovation Unparalleled pan-African and global presence, existing portfolio and network in Africa, China, the USA and Europe A skilled and experienced team to support entrepreneurs with our proven hands-on approach Strong track record in early and growth stage investment. Global experience Highly Supportive Strong track record Focus on innovative and scalable post-revenue ventures based in or with a focus on Africa. Series A, B,C in digital startups of Fintech, Ed-tech, telecom, smart Energy, etc… Geographic focus Investment focus Large Fund size Cathay AfricInvest Innovation Fund
- 6. $53m Analysis 70% FinTech, Energy and E- commerce/Logistics represent 65-70% of total capital invested in the past 5 years African VC Investments GrowthAfrican VC activity is growing rapidly, reaching +1B€ by 2020 2012 2015 $411m 2018 $1300m An emerging fast growing sector is Software, followed by EdTech, AgTech and HealthTech
- 7. Increasing number of innovation hubsSouth Africa, Nigeria, Kenya and Egypt are the most active innovation hotspots in the continent Morocco Tunisia Egypt Kenya Uganda Zimbabwe Senegal Côte d’Ivoire Ghana Nigeria South Africa 80%Four regional hubs absorb almost 80% of all the VC funding 442 ACTIVE INNOVATION HUBS In 2018 314 In 2018
- 8. Great inequality Significant gaps in wealth distribution, financial exclusion, access to energy, education or basic services Booming innovation in Africa Combination of existing African socio-economic gaps and innovation drivers creates opportunities for ventures to leapfrog Poor infrastructure Low investments resulting in poor infrastructure for transportation, communication and services Low productivity Fragmented industries, lack of professionalism and low technology adoption Inadequate regulation Markets are closed for competition with limitations on trade, investments and financial transactions Demographics Population growth, rapid urbanization and changes in consumer behavior Leapfrogging infrastructure & technology Emergence of new infrastructure and arrival of breakthrough tech Pragmatic regulators Increasingly tolerant regulators, passing pro- innovation bills Brain circulation Growing convergence of people with talent and drive to change Africa AFRICA DEVELOPMENT GAPS INNOVATION DRIVERS
- 9. Contacts