Cathay Innovation

Cathay Innovation is a multi-stage venture capital firm affiliated with Cathay Capital. The firm provides entrepreneurs with support from a global ecosystem and has investors based in the U.S., Europe, and Asia. Through its Cathay AfricInvest Innovation Fund, a Pan-African venture fund created with AfricInvest, Cathay Innovation invests in early to growth-stage startups based in or focused on Africa. It targets sectors including logistics, e-commerce, fintech, agtech, and others, with initial check sizes from $1-10M for growth-stage or up to $1M for select seed stages. Investments include seed funding in Oze (Ghana, fintech, $3M, Jan 2022), venture round in Nile (South Africa, agtech, $10.6M, Jun 2025), and Series B ($30M, Sep 2017) and Series C ($115M, Jul 2018) in Glovo (Pan-African, logistics). The firm has co-invested with partners such as Seaya, Rakuten, and others in these African deals.