AfricInvest , a leading multi-asset investment platform in Africa and global venture capital firm Cathay Innovation , have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund [CAIF] , at €110M. The fund is backed by LPs such as EIB , AfricaGrow , FMO , Bpifrance , Triodos Investment Management , Proparco , SIFEM , BIO and, among others, as well as a diverse pool of globally renowned investors, including Development finance institutions, leading multinational corporations, and high-net-worth individuals across Europe, Africa and the Middle East. With the close of the fund, the CAIF team will significantly deepen their focus on investing in the most promising early to growth-stage startups improving African lives with disruptive tech-enabled products and services. With initial check sizes ranging from €1-10M for growth-stage and up to €1M for select seed-stage tickets, the fund invests in startups across multiple sectors,...