AfricInvest
Investor - Venture Capital
Overview
AfricInvest is a Tunisia-based private equity firm that invests in Africa and France. The firm's initial fund was valued at $83m in 2014, and their second fund was announced in early 2017 at a total of nearly $215m.
Country: Tunisia
Founded: 1994
Headquarters: Immeuble Integra, Centre Urbain Nord, 1082 Tunis, Tunisia
+216 71 189 800
Investment Strategy
Geography
- Africa
Sector Focus
- Marketplace Lending
- WealthTech
Investment Stage
- Early Stage Venture
- Growth Stage
Summary
AfricInvest is a private equity firm that was founded in 1994 as part of the Integra Group to invest exclusively into African and French companies.
The firm is Tunisia-based but operates in several other offices, namely Ivory Coast, Algeria, Morocco, Nigeria, Kenya, and France.
The firm’s had several funds to date, with the initial fund coming in 2004, being valued at $42.3m, and their latest fund coming in early 2017 at a total of nearly $215m. The latest fund is specifically going to be targeting financial sector opportunities in Africa.
Investments
Date
Name
Size
Round
Co-Investors
Sector
Country
Microcred Zimbabwe
Microcred Group
Marketplace Lending
Zimbabwe
Family Bank
Growth Stage
WealthTech
Kenya
Abbey Building Society
Convertible Note
Marketplace Lending
Nigeria
Funds Raised
Vintage
Fund Name
Amount
AFSH
$214.5m
AfricInvest Fund II (AF III)
$196.8m
Tunisian American Enterprise Fund
$40m
AfricInvest Financial Sector (AFS)
$83m
PME Croissance
$43m
Maghreb Private Equity Fund III
$134m
AfricInvest Fund II (AF II)
$195.4m
Maghreb Private Equity Fund II
$124m
AfricInvest Fund I (AF I)
$42m
Tuninvest Innovation Sicar
$1.3m
Maghreb Private Equity Fund I
$23m
Tunisie Sicar
$7m
Key Employees
Aziz Mebarek
Founding Partner
Karim Trad
Founding Partner
Ziad Oueslati
Founding Partner
Abir Attia
Senior Manager
Sélim Hassani
Director
Riadh Dekhli
Manager
