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Cathay AfricInvest Innovation Fund (CAIF), a Pan-African fund launched by way of a partnership between AfricInvest, a multi-asset funding platform in Africa and Cathay Innovation, a European-born however global-focused enterprise capital agency, has achieved a last shut of €110 million.
Simply final week, Cathay Innovation introduced that it was focusing on to boost €1 billion for its third fund to spend money on development and later-stage corporations throughout Europe, North America, Latin America and Asia. Inside the final three months, the fund launched two sister entities: a $110 million crypto fund and a $500 million well being fund.
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