Saviu II, the francophone-focused fund, reaches second close of €25 million to invest in African startups
- Saviu Ventures achieved a second close of €25 million for its second vintage fund, Saviu II.
- The fund received participation from Development Finance Institutions like DGGF and Proparco, as well as AXIAN Investment.
- Saviu II aims to reach a final closing target of €30 – 50 million.
The successful closing of Saviu II reflects a growing confidence in the African tech ecosystem and the potential for impactful investments. As Saviu Ventures continues to attract institutional investors, it could serve as a model for other venture capital firms looking to engage with emerging markets. The focus on supporting high-potential startups while ensuring job creation and financial inclusion is commendable and aligns with global investment trends towards sustainability and social impact.
