Saviu Ventures Closes $26M Second Fund for Francophone Africa Startups
TLDR
- Saviu Ventures, a venture capital firm focused on francophone Africa, has secured €25 million ($26 million) in its second fund
- Saviu II follows Saviu I, a €10 million fund that backed startups in fintech, healthtech, edtech, e-commerce, and climate tech
- The firm, licensed by the Mauritius Financial Services Commission, takes a hands-on approach to support early-stage startups
Saviu Ventures, a venture capital firm focused on francophone Africa, has secured €25 million ($26 million) in its second fund, Saviu II, following a second close. Investors include the Dutch Good Growth Fund (DGGF), Proparco, and AXIAN Investment. The fund targets a final close of €30-50 million.
Saviu II follows Saviu I, a €10 million fund that backed startups in fintech, healthtech, edtech, e-commerce, and climate tech. The firm, licensed by the Mauritius Financial Services Commission, takes a hands-on approach to support early-stage startups from seed to Series A.
Saviu II has already invested in companies like Julaya (B2B neobank), Rubyx (Lending-as-a-Service), Waspito (digital health), Workpay (HR and payroll SaaS), Userguest (hotel revenue automation), and Resolute (coding education).
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Key Takeaways
Saviu Ventures is deepening its presence in Africa’s startup ecosystem, focusing on scalable, tech-enabled businesses. With strong backing from development finance institutions and corporate investors, the firm aims to drive financial inclusion, digital transformation, and economic growth in the region. The second fund’s investments align with increasing demand for digital financial services, logistics, and automation solutions across Africa. Saviu’s strategy also reflects a broader trend of targeted capital deployment in Francophone Africa, a region historically underserved by global venture capital. The firm’s track record, including investments in Anka, Lapaire, Zanifu, and Paps, positions it as a key player in early-stage African venture capital.
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