Saviu Ventures has reached a significant milestone with an initial close of €12 million for its second fund, drawing support from private investors, including French and Kenyan family offices. Founded in 2018, Saviu Ventures has been actively involved in the Francophone Africa startup ecosystem and aims to conclude the fund at €30 million to €50 million, engaging with various stakeholders, including institutional investors. The VC firm, sector-agnostic in its first fund, is now keen on fintechs, health-techs, and climate-techs, while planning to invest between €500,000 and €3 million in 15 to 20 post-revenue startups with its second fund. Saviu Ventures places a strategic focus on sustainability, supporting businesses for long-term growth and development. Notable investments from the second fund include Waspito, a Cameroonian health-tech; Rubyx, a Senegalese digital lending SaaS provider; and Workpay, an HR-payroll provider. The firm's initial fund, deployed in 2018, invested in 12 startups, with 82% from the Francophone region, fostering the development of the ecosystem. The Francophone region continues to emerge as a promising investment destination, attracting venture capital due to its vast market opportunities, less competition, and attractive deals. Saviu Ventures stands out as one of the pioneering VC firms specifically targeting the Francophone region, contributing to the growth and maturity of its startup ecosystem.

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