https://techcrunch.com/2023/11/24/saviu-second-fund/

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan family offices.

The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within Francophone Africa. It is said to be in talks with other stakeholders including institutional investors to hit the target.