(Ecofin Agency) - Mauritius-based private equity Kibo Capital Partners structures a new investment via its second fund Kibo Funds II. The investment was made in Saviu Ventures, a venture capital fund based in France with operations in Kenya and in Côte d'Ivoire.
The financial details of this transaction have not been disclosed but, it should be noted that this is the tenth investment structured through the Kibo Funds II, closed at $83 million. With the new operation, the fund is 83% invested and allows Kibo Capital Partners to indirectly enter the capital of African tech (and various sectors) startups in strong growth.
On its website, Saviu Ventures, created in 2017, reveals that it supports firms in various sectors of activity with up to $800,000 investments. In its portfolio, it has numerous national and Panafrican firms.