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Since 2017, Cathay Innovation has backed 5 African startups across 6 disclosed funding rounds totaling $214.3M, most heavily in Agri Tech.
Cathay Innovation is a global, multi-stage venture capital firm affiliated with Cathay Capital. Its official website describes the firm as connecting ambitious startups with Fortune 500 corporate ecosystems. Cathay Innovation is registered in Paris, France, and has stated that it invests across Europe, North America, Asia, Latin America, and Africa. In Africa, Cathay Innovation’s recorded activity includes six funding rounds totaling $214.3 million between September 2017 and June 2025. The investments span seed, Series B, Series C, and venture rounds, with activity in South Africa, Kenya, Ghana, and Algeria. Recorded focus areas include agri tech, quick commerce, fintech, AI and analytics, and travel and mobility. Companies represented in these investments include Nile, Oze, Aerobotics, Heetch, and Glovo.
Data updated · Sep 23, 2026
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Cathay Innovation has backed 5 African startups across 6 disclosed funding rounds tracked on Liners, totaling $214.3M since 2017.
Mostly Series B: 3 of its 6 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Companies Cathay Innovation has backed operate in Côte d'Ivoire (3), Nigeria (3), Kenya (2), and 15 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Agri Tech (2), Quick Commerce (2), Fintech (1), and 1 more sector.
Cathay Innovation most often shares rounds with FMO Entrepreneurial Development Bank (2 shared deals), Eurazeo (2 shared deals), Seaya (2 shared deals).
The recorded African portfolio includes Nile, Oze, Aerobotics, Heetch, and Glovo. Glovo appears in two recorded rounds, while each of the other companies appears in one.
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