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AfricInvest

Private equityoperating company · company profile

Ebene, Cybercity · Growth · 10 people tracked

Also known as AFRICINVEST GLOBAL MANCO

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Investment thesis

AfricInvest targets growth-capital investments in small and medium-sized enterprises well-positioned in their local African markets with potential to scale beyond national borders and become regional champions. It takes significant minority (and occasionally majority) positions with a hands-on, value-adding approach over a medium-to-long holding period of four to six years. Combining financial and industrial expertise, the firm strengthens management teams, improves corporate governance, financial reporting and transparency, and creates synergies through its extensive pan-African and European network. It emphasizes strong governance, environmental and social responsibility, and long-term sustainability, focusing especially on midcap and family-owned businesses in key growth sectors.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
HQ
Ebene, Cybercity, SN
Leads rounds
Follows
Instruments
Equity
Founded
1994
Last 12 months
1 investment
AUM
$2B
Tracked investments
95
Unicorns
2

Team · 10 people

from the firm's website & public directories
Khaled Ben Jilani· Senior Partner
Skander Oueslati· Chief Investment Officer & Deputy Managing Director
Arvind Ballah· Director
Rafik Mzah· Directorin
Rajan Rosick· Director

What they invest in

from 31 of 95 portfolio companies

Fintech ×13AI & Machine Learning ×10Impact & Social Good ×6SaaS ×6Enterprise Software ×5Consumer ×4Logistics & Supply Chain ×4Advanced Manufacturing ×3

HQs:United States×5France×4United Kingdom×3Morocco×3South Africa×2United Arab Emirates×1

Who they back

founder profiles across 8 portfolio companies
25%
solo founders
2 of 8 mapped founding teams

Founding team size:solo founder×22 founders×43 founders×2

Investments · 95 tracked

founders shown can be your intro path

By year:2025 · 52024 · 12023 · 12022 · 32019 · 111 dated

ArabyAdsarabyads.comin𝕏Aug 2022 · $30M✓ verified

ArabyAds is an adtech company founded in 2013 that provides data-driven advertising and marketing technology, including influencer marketing, programmatic advertising, app discovery and monetization, and retail media solutions for advertisers.

AdTechE-commerceMarketing TechSaaSDubai, AE

Mohammad Khartabil(Founder)in

Co-investorsEQ2 Ventures

Aeroboticsaerobotics.comin𝕏

Aerobotics develops AI and drone-based software to help fruit growers, packers, and shippers measure crop health and estimate yields using aerial imagery analysis.

AgTechAI & Machine LearningHardwareCape Town, ZA

BenjiBenji Meltzer(Founder)James Paterson(Founder)

Co-investors4Di CapitalBantam GroupCathay InnovationNaspersSavannah Fund

Africa Healthcare Networkafricahealthcarenetwork.cominNov 2023 · $20M

Africa Healthcare Network operates a dialysis treatment chain across Sub-Saharan Africa, delivering high-quality kidney disease care at accessible prices.

HealthtechImpact & Social GoodMedical Devices

Nikhil Pereira-Kamath(Co-founder)Dr. Lloyd Vincent(Co-founder)

Co-investorsAsia Africa Investment & Consulting (AAIC)Endeavor CatalystAfrica50Transform Health Fund

Auraaura.comin𝕏

Aura provides AI-powered digital security and protection services for families and individuals across all ages.

AI & Machine LearningConsumerCybersecurityDigital HealthWellness & FitnessBoston, US

Hari Ravichandran(Founder)inBrian DeCenzo(President & Chief Financial Officer)inThomas Clayton(President & Chief Operating Officer)Adam Medros(Chief Product Officer)inSarah Cherng(Chief AI Officer)Kristin Lewis(Chief Product Officer (prior to May 2026 CPO reorganization; promoted from SVP Product, May 2022))in

Co-investorsAccelGeneral CatalystGranite HillMachina VenturesPartech VenturesSignalFire+7 more

BFreebfree.ioin

BFREE invests in Africa's distressed credit by partnering with financial institutions to unlock trapped capital and helping borrowers rebuild financial stability through distressed consumer loan portfolio management.

FintechImpact & Social GoodWashington, D.C., US

Moses Nmor(Executive Officer)inChukwudiebele Enyi(Director)Julian Flosbach(Founder)in

BoardIkechukwu Eze(Director)Mobola Da Silva(Director)

Co-investors4Di CapitalAngaza CapitalBeta.VenturesCapria VenturesDotExe VenturesModus Capital+3 more

Bizaobizao.com𝕏Jul 2022 · $8.2M

Fintech platform that aggregates payment services to accelerate digital payment adoption across Western and Central Africa.

Aurélien Delort-Duval(Founder)

Co-investorsAdelieSeedstars Africa Ventures

Boomplayboomplay.com𝕏

Boomplay is a music streaming and download platform offering access to over 100 million songs and videos, primarily serving African listeners and content creators.

ConsumerMedia & Entertainment

Co-investorsCathay InnovationSeas Capital

Britambritam.comin𝕏

Britam Holdings PLC is an insurance and financial services company with operations across Africa.

FintechInsurTech

Tom Gitogoin

Carbon Holdingscarbonholdings.com

Carbon Holdings is an Egyptian petrochemical company that produces products such as polypropylene and ammonium nitrate for industries including oil, mining, construction, and manufacturing.

Advanced ManufacturingEnergyNew Materials

Basil El-Baz(Founder & CEO)in

EFC Zambiaefczambia.com.zmin

EFC Zambia is a deposit-taking microfinance institution providing inclusive financial services and credit to micro, small, and medium enterprises (MSMEs) across Zambia.

FintechImpact & Social GoodZambia, ZM

Bedah Salasini(Chief Executive Officer)inKampaka Banda(Chief Financial Officer)Charles Kalela(Chief Operating Officer)inKelvin Mayonga(Chief Risk Officer)Martha Msoni(Head of Legal & Company Secretary)inMary Manda Musonda(Chief Credit Officer)

Fondasolgroupefondasol.comin

Groupe Fondasol provides engineering and technical expertise services to local governments, public administrations, and industrial operators across infrastructure, energy, and civil engineering projects.

Construction TechDeep TechEnergy

Gomycodegomycode.cominJun 2022

African edtech offering hybrid online and campus-based training in AI, coding and digital skills across Africa and the Middle East.

Yahya Bouhlel(Founder)in

Co-investorsCathay InnovationWamda CapitalFrench PartnersProparco

Heetchheetch.comNov 2019

Heetch operates a ride-hailing app connecting passengers with drivers, positioning itself on low commission rates for drivers.

ConsumerMarketplacesMobility & Transportation

Co-investorsAster CapitalCathay InnovationKima VenturesNano VenturesVia IDAlven+2 more

Instadeepinstadeep.comin𝕏

InstaDeep is an AI company founded in 2014 that develops machine learning solutions, partnering with organizations like Google DeepMind.

AI & Machine LearningBiotechDeep TechEnterprise SoftwareLogistics & Supply ChainLondon, GB

Karim Beguir(Founder)inZohra Slim(Founder)

Co-investorsBeyond1435 GmbHDeutsche Bahn Digital VenturesEndeavor CatalystKickstart InnovationBlackPine

Kredetekredete.ioin𝕏Sep 2025 · $22M

Kredete provides cross-border payment services for diaspora communities and emerging-market populations.

AI & Machine LearningFintechNew York City, US

Adeola Adedewe(Founder)

Co-investorsExpert DOJONeer Venture PartnersPartech VenturesPolymorphic CapitalTechstarsBlockchain Founders Fund+1 more

Kredetekredete.comSep 2025 · $22M

Kredete provides cross-border payment services for diaspora communities and emerging-market populations, enabling money transfers globally.

AI & Machine LearningConsumerFintech

Co-investorsTeam Ignite VenturesBFFBlockchain Founders FundPartech VenturesPolymorphic CapitalTechstars+1 more

La Voie Expresslavoieexpress.comin

La Voie Express Group is a Moroccan logistics provider, a subsidiary of H&S Group formed from the merger of Buildings & Logistic Services (BLS) and La Voie Express, offering end-to-end supply chain services across six areas including national transport, international freight, warehousing (3PL), packaging, logistics real estate, and last-mile delivery.

Logistics & Supply Chain

Landorlandor.comin𝕏

Landor is a brand consultancy that combines strategy, design, and experience services, using data and analytics to connect business strategy to brand.

Enterprise SoftwareMarketing Tech

Lapairelapaire.africaOct 2024

Pan-African eyewear brand expanding access to affordable eye care across 10 countries with 134+ stores.

Co-investorsAsia Africa Investment & Consulting (AAIC)Beyond Capital VenturesEQ2 VenturesSaviu VenturesAAICFINCA Ventures+1 more

Mariettonmariettondeveloppement.frin

Marietton Développement is a French travel-industry group that grew from a single Lyon travel agency founded in 1968 into a multi-brand group operating nearly 20 brands across five tourism business lines.

Travel & HospitalityLyon, FR

Co-investorsAndera Partners

Moove Africamoove.ioin

Moove provides vehicle financing that lets drivers own cars, bikes, or lorries and start their own businesses through partner mobility platforms.

FintechImpact & Social GoodLogistics & Supply ChainMobility & Transportation

Ladi Delano(Founder)inJide Odunsi(Founder)in

Co-investorsAccelerate AfricaClocktower VenturesDCM VenturesEndeavor CatalystFJ LabsFuture Africa+13 more

Nilethenile.dev

Nile is a Postgres database re-engineered for B2B and multi-tenant applications, offering virtual per-tenant databases on a single Postgres instance with built-in tenant isolation, autoscaling, and support for vector embeddings via pgvector.

AI & Machine LearningData & InfrastructureDeveloper ToolsSan Francisco, US

Gwen (Chen) Shapira(Founder)inSriram Subramanian(Founder)inGwen Shapira(Founder)

Co-investorsMaterialized View Capital8VC

NMBZnmbz.co.zwin𝕏

NMB Bank provides retail and business banking services including vehicle insurance, salary advance loans, savings products, and agent banking opportunities in Zimbabwe.

FintechNot stated on this page, ZW

Co-investorsARISE

Outsourciaoutsourcia.com

Outsourcia offers customer relationship optimization solutions with a focus on human-centered engagement and client satisfaction management.

Enterprise SoftwareFuture of WorkSaaS

Co-investorsSPE Capital Partners

Ozegetoze.comin𝕏

Oze provides small business owners in Africa with tools for financial record-keeping, payment processing, and access to affordable capital through a single integrated platform.

Enterprise SoftwareFintechSaaSLagos, NG

Co-investorsBand of AngelsIngressive CapitalRising Tide Africa (RTA)Saviu VenturesSpeedinvest

Ozeoze.guide

Oze Guide Association is a Japanese organization of certified guides focused on nature conservation and appropriate use of Oze National Park, promoting environmental education and ecotourism.

Climate TechImpact & Social Good

Dave Emnett(Founder)Meghan McCormick(Founder)

Co-investorsSavannah FundSaviu Ventures

Palmpaypalmpay.com

Chika Nwosuin

Co-investorsCathay Innovation

Paylogicpay-logic.comin𝕏

PayLogic provides customized electronic payment solutions and infrastructure to financial institutions, banks, and businesses navigating the digital payment landscape.

Enterprise SoftwareFintechSaaS

Mohamed Mekouar(Founder & Executive Chairman)inAissa Slimani(Founder & General Manager)in

PayTicpayticconnect.comApr 2025 · $4M

PayTic provides an AI-powered platform for automating payment back-office operations, including reconciliation, dispute and chargeback handling, network fee optimization, anomaly detection, and payment systems modernization.

AI & Machine LearningFintechSaaS

Co-investorsConcrete VenturesIsland CapitalMistral Venture PartnersBuild VenturesCDG InvestIsland Capital Partners+2 more

PayTicpaytic.aiApr 2025 · $4M

PayTic provides an AI-powered platform for automating payments back-office operations, including reconciliation, dispute and chargeback handling, network fee management, anomaly detection, and payment systems modernization.

AI & Machine LearningFintechSaaS

Co-investorsBuild VenturesCDG InvestConcrete VenturesIsland Capital PartnersLaunch Africa VenturesOutlierz Ventures+1 more

Promamecpromamec.cominDec 2025 · $8.5M

Promamec is a Morocco-based medical devices company that distributes equipment and consumables from international brands to healthcare professionals and manufactures gauze bands, medical kits, and sterile drapes at its factory.

Advanced ManufacturingHealthtechMedical Devices

Co-investorsTransform Health FundVantage Capital

Same Teamsameteam.com.tnin

Same Team is a digital agency that connects brands to their audiences by combining design, technology, and expertise.

AdTechMarketing TechTunis, TN

Somalevsomalev.comin

SOMALEV Group operates through five entities providing logistics, crane services, and heavy equipment solutions for oil & gas, wind, and industrial sectors primarily across Africa and the MENA region.

Advanced ManufacturingConstruction TechEnergyLogistics & Supply ChainAzzemour or Mehdia, MA

Turacoturaco.insurein𝕏

Turaco provides embedded insurance products—including hospital cash, credit life, funeral, micro-property, and accident cover—that businesses can integrate to offer to their customers.

AI & Machine LearningFintechImpact & Social GoodInsurTechWilmington, US

Ted Pantone(Founder)Charles Welden(Director)Rachel Levenson(Director)Peter Gross(Founder)Brekly Pantone(Director)Peter Grossman(Founder)

Co-investorsAmbassadors Impact NetworkCathay InnovationEnza CapitalGlobal PartnershipsHis FundMercy Corps Ventures+4 more

Vneuronvneuron.comin𝕏

Vneuron provides AI and machine-learning-powered anti-money laundering and counter-terrorist financing technology for financial institutions globally.

AI & Machine LearningFintechReims, FR

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AdvyteamAfitexAltereoAmerigo GroupAmimer EnergieAuto Distribution MarocAzalai HotelsBAOBAGBlue HealthBridge BankBroron Oil & Gas servicesBuzzkitoCFG BankClayens NPCrédit Communautaire d'Afrique (CCA)Disty TechnologiesEFC TanzaniaEFC UgandaElephant GroupEtude Généalogique GuénifeyFidelity Bank Ghana LimitedGATGroupe CentauresGSH GroupHemodiaHTDSI&M RwandaInpacktInternational Community School LimitedISGAIsonJemsKaiOSLes Centaures RoutiersLeWagonMaille ClubMasria Digital Payments - mdpMathevonMFS AfricaMicrocred MaliOmteqOne Tech GroupPharmatisPiexPiriouPlatinum PowerPrime BankRagniRAYNAL Assurances IARDRIM PharmaRoyal Exchange General Insurance CompanySalvador Caetano Auto AfricaSilafricaSJL MedTechnammTecofiTMFValencia

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has AfricInvest made?
AfricInvest has 95 tracked investments, including 6 dated in the last 24 months.
What stage does AfricInvest invest at?
AfricInvest invests at the Growth stage.
What sectors does AfricInvest focus on?
AfricInvest focuses on AgTech, Consumer, EdTech, Fintech, Healthtech, Medical Devices, Retail Tech, Sector Agnostic.
Where is AfricInvest located?
AfricInvest is headquartered in Ebene, Cybercity, SN.
Does AfricInvest lead rounds?
AfricInvest typically participates in rounds rather than leading them.
Who does AfricInvest co-invest with?
AfricInvest most often shares deals with Cathay Innovation, Endeavor Catalyst, 4Di Capital, among 51 tracked co-investors.

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