First Outside Round
Africinvest Capital PartnersAfricinvest Capital Partners Contact: Karim Trad
AfricInvest Fund, a Mauritius based pan African SME fund was established in September 2004 jointly by the Nederlandse Financierings-Maatschappij voor Ontwikkleingslanden N.V. ("FMO") and Tuninvest Finance Group, as a generalist venture capital / private equity fund operating in the Maghreb region and Sub-Saharan Africa.
The fund currently has committed capital of €34 million which is now fully committed to about 15 investee companies in Africa. The fund covers selected regions in North, Central and West Africa and is managed by a central team based in Tunis and Local Investment Partners who cover selected countries and regions in Africa. AfricInvest is currently raising a second fund (AfricInvest II) with a target capital of €100 million. Our investments are typically at the first outside round to follow-on stage and range from $500K to $5 million.
We have made investments in Agribusiness, Distribution & Retailing, Financial Services, Hotels/Leisure, IT, Telecom and Electronics, Manufacturing, Services, and Transportation. While we do not target clean technology investments we are a generalist investor that is interested in a wide variety of business opportunities based upon their merit and potential for growth.