Axian Group has revealed a new investment division intended to support Africa’s early-stage tech businesses. Axian Investment, the newly created division, will be in charge of managing the group’s new venture capital and private equity fund investments.
Axian Group, with its headquarters in Madagascar, has already made significant investments in 20 private equity and venture capital funds globally, with a strong regional concentration on Africa. The company’s CVC arm has closed one deal per month over the past year in the African tech-enabled startup ecosystem, where it is already a minority shareholder in ten businesses.
Axian owns holdings in 130 companies in 48 nations as of 2022, including 77 companies in 28 African nations.