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