An investment fund that supports innovative startups in Africa, focusing on technology and growth.
Nigerian court stops 54gene asset sale as founder accuses investors of collapse
A Federal High Court in Lagos has stopped the sale of 54gene’s assets. Founder Abasi Ene-Obong filed a lawsuit against investors alleging forced collapse.
Nigerian court blocks sale of 54gene’s assets, as founder claims investor wrongdoing
The Federal High Court in Lagos granted an injunction blocking the sale of 54gene's assets. Dr. Abasi Ene-Obong accuses the Cathay AfricInvest Innovation Fund and Adjuvant Capital of orchestrating the company's collapse.
Nile Secures $11.3M to Power Agri-Tech Growth and Financial Access Across Southern Africa
Nile raised $11.3 million to boost its expansion across Southern Africa. The funding round was led by the Cathay AfricInvest Innovation Fund with support from FMO.
South Africa’s AURA raises $14.6 million to drive U.S. expansion and global ambitions
AURA raised €13.5 million in Series B funding to expand into the U.S. and nearly 50 countries. The funding round was co-led by Cathay AfricInvest Innovation Fund and Partech.
SA startup WhereIsMyTransport is shutting down, cites lack of funds
WhereIsMyTransport is shutting down after failing to raise new funding. The startup had raised over $27 million in funding and had mapped 50 cities across Africa, Latin America, Southeast Europe, and Asia.
