Pan-African multi-asset investment platform: private equity, venture capital, private credit, listed equities and blended-finance vehicles. Over USD 2.5bn raised over thirty years, 230+ companies financed at every stage, 100+ investment professionals in eleven offices on three continents. Recent vehicles: AfricInvest Small Cap Fund (growth-stage, often founder-led small caps; governance, reporting, buy-and-build) and Transform Health Fund (USD 109.5m blended finance for healthcare access in Sub-Saharan Africa: health supply chains, care delivery, healthtech).
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 3.2 M$ – 30 M$*
- Instruments
- Quasi-equity, Senior debt, Equity
- Preferred sectors
- Agribusiness, Financial services, Healthcare, Education, Retail & distribution, Manufacturing, Fintech*, SaaS*, Business & personal services*, Telecoms & digital infrastructure*
- Target geographies
- West Africa, Central Africa, North Africa, East Africa, Cameroon, Côte d'Ivoire, South Africa*
* added from its deals
- Stages (stated by the fund and from its deals)
- SeedSeries ASeries BGrowthDebt
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Recent public deals: they say better than a thesis what the fund actually signs.
September 2026 · Mauritius GrowthUndisclosed amountEquityBusiness & personal servicesLead
Activity : Consulting and professional services
Instrument : Minority equity stake · Vehicle : AfricInvest Small Cap Fund
AI-first consulting firm founded in the early 2000s in Mauritius: digital transformation programmes and AI agents embedded in Salesforce, Oracle, Microsoft and Infor platforms, for clients in Africa, Europe and North America (financial services, energy, industry, hospitality). Delivery hubs in Mauritius, Madagascar and France, new subsidiary in Kenya.
Why they invested
- Deploy proprietary AI assets and move up to higher-value services
- Targeted build-up acquisitions and African expansion through the new Kenyan subsidiary
- Multi-billion-dollar African cloud market, driven by enterprise digitisation
- Institutional governance; skilled technology jobs on the continent
Source : africinvest.comN1 · Primary source
BFREE
May 2026 · NigeriaGrowth10 M$EquityFintechLead
Activity : Digital lending and scoring
Instrument : US$10m growth round led by AfricInvest (FIVE), with Algebra Ventures and existing backers Capria, VestedWorld and 4Di · Vehicle : Financial Inclusion Vehicle (FIVE)
Purchase of non-performing loan portfolios and AI-assisted collection in Nigeria and Africa.
Co-investors 4Di Capital (Follow-on), Algebra Ventures, Capria Ventures (Follow-on), VestedWorld (Follow-on)
Source : disruptafrica.comN2 · Cross-checked (2+ outlets) · Other sources : The Condia, TechCocoon
Kredete
September 2025 · NigeriaSeries A22 M$EquityFintechCo-Invest
Co-investor alongside Financial Inclusion Vehicle
Activity : Money transfer and remittances
Kredete, a Nigerian fintech that helps African immigrants build credit and access financial services, has raised $22 million in Series A funding to launch Africa’s first stablecoin-backed credit card.
Co-investors Blockchain Founders Fund, Partech Africa, Polymorphic Capital
Source : techcabal.com
HewaTele
August 2025 · KenyaDebt10.5 M$Senior debtHealthcareLead
Activity : Medical devices and equipment
Instrument : Senior secured bridge facility · Vehicle : Transform Health Fund
Kenyan medical oxygen producer and distributor moving from PSA plants to a liquid-oxygen air-separation plant (99.6% purity) supplying hospitals and clinics across East Africa.
Why they invested
- Over 70% of Kenya's PSA oxygen plants non-operational or below the WHO purity standard
- Reduce reliance on imports and price volatility
- Fund the construction and equipment of the liquid-oxygen plant
- Alongside existing investors: Soros Economic Development Fund, Finnfund, UBS Optimus Foundation, Grand Challenges Canada loan
Source : africinvest.comN1 · Primary source
Lapaire
October 2024 · Kenya3.2 M$HealthcareLead
Activity : Specialised care
Jérôme Lapaire, a Swiss national who moved to Kenya in 2015, founded Lapaire in 2018 with the vision of making affordable e
Co-investors Proparco
Source : launchbaseafrica.com
AURA
July 2024 · South Africa1.1 M$EquityBusiness & personal servicesCo-Invest
Co-investor alongside HAVAÍC
Activity : Security, cleaning and facility management
AURA co-founders (From left): Warren Myers, Ryan Green an
Source : launchbaseafrica.com
Moove
March 2024 · NigeriaSeries B100 M$EquityFinancial servicesCo-Invest
Co-investor alongside Uber
Activity : Vehicle and productive-asset finance
Moove , an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised USD 100 M in a funding round as it plots expansion into new markets.
Co-investors Mubadala, Palm Drive Capital, The Latest Ventures, Triatlum Advisors
Source : weetracker.com
Netis
November 2023GrowthUndisclosed amountEquityTelecoms & digital infrastructureCo-Invest
Co-investor alongside Amethis
Activity : Telecom towers and fibre
Instrument : Prise de participation majoritaire
Netis provides telecom site maintenance, fiber-optic deployment and power-supply solutions across more than 15 countries in Sub-Saharan Africa.
Why they invested
- Capture the fast-growing African telecom installation and maintenance market
- Accelerate digital inclusion across Africa
- Support Netis' expansion into new countries
- Support the development of telecom and energy infrastructure
Co-investors IFC (International Finance Corporation), Proparco
Source : amethis.comN1 · Primary source
iSON Xperiences
October 2023 · NigeriaGrowthUndisclosed amountEquityBusiness & personal servicesCo-Invest
Co-investor alongside Verod Capital
Activity : BPO and call centres
Instrument : majority stake acquisition · Vehicle : Verod Capital Growth Fund III
iSON Xperiences provides business-process outsourcing, process-management and digital customer-experience services across Africa.
Why they invested
- International and African expansion.
- Service diversification.
- Digitization of customer operations and productivity improvement.
Source : verod.comN1 · Primary source
Turaco
September 2022 · KenyaSeries A10 M$EquityFintechCo-Invest
Co-investor alongside Novastar Ventures
Activity : Insurtech
Turaco develops accessible digital insurance products for underserved populations in Africa.
Why they invested
- Expand access to insurance.
- Use technology to reduce insurance barriers.
- Scale an inclusive insurance model across African markets.
Source : novastarventures.comN1 · Primary source
Ozé
January 2022 · GhanaSeedUndisclosed amountEquitySaaSCo-Invest
Co-investor alongside Speedinvest
Activity : Vertical software
Vehicle : Speedinvest
Ozé is a financial operating system for micro-SMEs covering records, receivables, payments and access to credit.
Why they invested
- Large underserved micro-SME market in West Africa
- Low digitisation of small-business bookkeeping
- Ability to integrate financial services and credit
- Potentially pan-African model
Source : speedinvest.comN1 · Primary source
Series AUndisclosed amountEquityFintechCo-Invest
Co-investor alongside Seedstars Africa Ventures
Activity : Fintech infrastructure (APIs, open banking, BaaS)
Instrument : Tour de 5 Md FCFA · Vehicle : Seedstars Africa Ventures Fund 1
Bizao provides payment aggregation infrastructure for corporates and fintechs in Francophone Africa.
Why they invested
- Digitalisation of payments in Francophone Africa
- Interoperability between payment methods
- Growth in digital financial-services adoption
- Regional scalability of the platform
Co-investors Adelie
Source : undp.org
PIEX
September 2017GrowthUndisclosed amountEquityHealthcareCo-Invest
Co-investor alongside Trocadero Capital Partners
Activity : Pharmacy and drug distribution
Instrument : prise de participation majoritaire
PIEX distributes pharmaceutical and parapharmaceutical products in French-speaking Sub-Saharan Africa.
Why they invested
- Develop a specialist distributor in Francophone Sub-Saharan Africa
- Support a growth transaction with LBO France and AfricInvest
- Strengthen the pharmaceutical distribution platform
Co-investors BNP Paribas Développement, Bpifrance (Fonds Averroès / Afrique), LBO France
Source : africaglobalfunds.com
AfricInvest invests tickets ranging from 3.2 M$ to 30 M$, across the following sectors: Agribusiness, Financial services, Healthcare, Education, Retail & distribution, Manufacturing, Fintech, SaaS, Business & personal services, and Telecoms & digital infrastructure, in the following areas: West Africa, Central Africa, North Africa, East Africa, Cameroon, Côte d'Ivoire, and South Africa. Check in 30 seconds whether your company fits these criteria.
