Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups
- Saviu Ventures has made an initial close of €12 million for its second fund with the backing of private investors.
- The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within Francophone Africa.
- Saviu plans to invest between €500,000 and €3 million in 15 to 20 post-revenue startups with its second fund.
Saviu Ventures' focus on investing in sustainable startups in the Francophone region aligns with the growing interest in the region among VCs. The initial close of €12 million for its second fund demonstrates investor confidence. With the increasing development of the ecosystem, Saviu Ventures is well-positioned to support talented entrepreneurs and contribute to the growth of sustainable businesses in Francophone Africa.
