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AfricInvest

Africa, Tunis, Tunisia, Tunis

Description

AfricInvest, founded in 1994 as part of the Integra Group, stands as a prominent pan-African private equity and venture capital firm. With its origins in Tunis, Tunisia, the firm has grown to be a significant player in the African investment landscape, boasting an impressive track record. AfricInvest has successfully raised over US$2 billion across 21 funds, demonstrating its robust fundraising capabilities and investor confidence. The firm maintains a strong on-the-ground presence with offices in key African cities including Abidjan, Cairo, Casablanca, Lagos, Nairobi, and Paris, enabling deep market insights and operational support for its portfolio companies.

AfricInvest's investment strategy is centered on providing growth capital to promising businesses across the continent. The firm primarily focuses on sectors critical to Africa's development and growth, such as financial services, agribusiness, consumer goods, healthcare, education, logistics, and technology. AfricInvest is known for its long-term partnership approach, actively engaging with management teams to drive value creation through strategic guidance, operational improvements, and robust governance. The firm's commitment extends beyond capital injection, aiming to foster sustainable growth and regional expansion for its investees.

To date, AfricInvest has invested in over 190 companies across 35 African countries, showcasing its extensive reach and diversified portfolio. The firm's typical first cheque sizes for growth equity and private equity investments generally range from US$5 million to US$30 million, reflecting its focus on established, high-growth businesses. AfricInvest's enduring presence and significant capital deployment have made it a pivotal force in shaping Africa's private sector, contributing to job creation, economic development, and the professionalization of businesses throughout the continent.

Investor Profile

AfricInvest has backed more than 23 startups, with 4 new investments in the last 12 months alone. The firm has led 9 rounds, about 39% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Private Equity rounds (top funding stages).
  • Majority of deals are located in Kenya, South Africa, Nigeria.
  • Strong thematic focus on Financial Services, FinTech, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $5M – $30M.

Stage Focus

  • Series A (30%)
  • Series Unknown (17%)
  • Private Equity (17%)
  • Seed (13%)
  • Series C (9%)
  • Series B (9%)
  • Debt Financing (4%)

Country Focus

  • Kenya (22%)
  • South Africa (17%)
  • Nigeria (17%)
  • Morocco (9%)
  • France (9%)
  • Ghana (9%)
  • Tunisia (4%)
  • United Kingdom (4%)
  • Côte d'Ivoire (4%)
  • Canada (4%)

Industry Focus

  • Financial Services
  • Fintech
  • Software
  • Insurance
  • Payments
  • Automotive
  • Education
  • Training
  • Artificial Intelligence (Ai)
  • Information Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does AfricInvest frequently co-invest with?

Speedinvest
Europe, Wien, Austria, Vienna
Co-Investments: 4
FMO
Europe, Zuid-Holland, The Netherlands, The Hague
Co-Investments: 3
Bossa Invest
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 3
Goodwell Investments
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 2
Equator Capital Partners
North America, Illinois, United States, Chicago
Co-Investments: 2
Endeavor Catalyst
North America, New York, United States, New York
Co-Investments: 4
Allan Gray
North America, New York, United States, Alfred
Co-Investments: 2
Thelatest.ventures
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 3
Cathay Innovation
North America, California, United States, San Francisco
Co-Investments: 3
CommerzVentures
Europe, Hessen, Germany, Frankfurt
Co-Investments: 2

Which angels does AfricInvest often collaborate with?

MM
Europe, England, United Kingdom, London
Shared Deals: 1
MH
Europe, Berlin, Germany, Berlin
Shared Deals: 1

What are some of recent deals done by AfricInvest?

Unisystem Group

Casablanca, Grand Casablanca, Morocco

Unisystem Group specializes in the distribution of electronic security equipment and the integration of security solutions.

ElectronicsPhysical SecuritySecurity
Private EquityJul 18, 2025
Nile.ag

Centurion, NA - South Africa, South Africa

Nile.ag is an agritech company that connects farmers with buyers of fresh produce.

AgricultureFarming
Series AJun 10, 2025
Amount Raised: $11,266,527
PayTic

Charlottetown, Prince Edward Island, Canada

Our SaaS helps card issuers and fintech businesses control risk and compliance through digitizing the payments back-office functions.

ComplianceCustomer ServiceFinancial ServicesFinTechPaymentsProductivity ToolsSaaS
SeedApr 8, 2025
Amount Raised: $4,000,000
Oze

Accra, Greater Accra, Ghana

Oze is a habit-forming mobile app that makes it easy for SMEs in Africa to keep digital records, make better decisions and access capital.

FinTechSoftware
Series UnknownFeb 20, 2025
Lapaire

Nairobi, Nairobi Area, Kenya

Technology-enabled eye care and affordable eyewear

E-Commerce
Series UnknownOct 16, 2024
Amount Raised: $2,500,000
Moove

Lagos, Lagos, Nigeria

Moove is a technologically integrated vehicle financing platform for mobility entrepreneurs.

AutomotiveFinancial ServicesFinTech
Series BMar 19, 2024
Amount Raised: $100,000,000
Turaco

Westlands, Nairobi Area, Kenya

Turaco is an insurance company that offers health and life insurance services.

Financial ServicesHealth InsuranceInsuranceInsurTechInternetLife Insurance
Series AAug 31, 2022
Amount Raised: $10,000,000
Bizao

Abidjan, Lagunes, Côte d'Ivoire

Bizao accelerates Digital Payment adoption in Emerging Countries, by building an interoperable payment infrastructure and financial services

Financial ServicesFinTechInformation Technology
Series AJul 21, 2022
Amount Raised: $8,176,364
onafriq

Johannesburg, NA - South Africa, South Africa

onafriq is a digital payment company that offers mobile financial solutions for senders, money users, and service providers.

Financial ServicesFinTechMobile PaymentsPayments
Series CJun 14, 2022
Amount Raised: $100,000,000
GoMyCode

Tunis, Tunis, Tunisia

GoMyCode is an educational platform that trains talents on digital skills and connects them with tech opportunities around the world.

E-LearningEdTechEducationTraining
Series AJun 9, 2022
Amount Raised: $8,000,000