# AFD Group

> AFD Group is a VC fund in Kalamazoo backing FinTech, Finance and Non Profit. See 2 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Kalamazoo, United States
- Total investments: 2
- Last investment: Dec 2021
- Lead investor: 50%
- Last updated: Aug 2026
- Website: http://www.afdgroup.com

AFD Group is a VC fund in Kalamazoo focused on FinTech and Finance. Since 1999, our specialists, with 50 years of combined experience, have taken a practical approach to capitalizing every finance and insurance profit opportunity. AFD Group works with premier service providers who have unique product niches designed to enhance the profitability and customer experience of your organization.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 1 | 50% |
| Finance | 1 | 50% |
| Non Profit | 1 | 50% |
| Sharing Economy | 1 | 50% |
| Financial Services | 1 | 50% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 1 | 50% |
| Private Equity | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 1 | 50% |
| United Kingdom | 1 | 50% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Invest In Africa | Invest In Africa improving access to skills, markets, and finance to empower enterprise to create long-term jobs. They focused on job creation and improving the business environment for both investors and local SMEs. They increase the linkages between large international and domestic companies and smaller local businesses and increase access toskills, markets, and finance. | $1M | Grant | Dec 13, 2021 |  |
| Baobab Group | Baobab is a leading digital finance group focusing on financial inclusion for individuals and small businesses in Africa and China. Founded by Arnaud Ventura, its CEO, in 2005, Baobab employs more than 3,800 people and has over 1,000 points of presence across Madagascar, Senegal, Nigeria, Ivory Coast, Mali, Zimbabwe, Burkina Faso, Tunisia,Democratic Republic of Congo and China. Since its inception, the Group has originated more than EUR3Bn in loans to individuals and micro, small & medium sized enterprises, helping hundreds of thousands of people to unleash their potential. | $14.8M | Private Equity | Jan 01, 2005 |  |

2 of 2 investments shown.

## Co-investors
- [AXA Group](https://shizune.co/investors/profile/axa) — VC Fund, 1 deal together
- [European Investment Bank](https://shizune.co/investors/profile/european-investment-bank) — VC Fund, 1 deal together
- [IFC Asset Management Company](https://shizune.co/investors/profile/ifc-asset-management-company) — VC Fund, 1 deal together
- [Positive Planet](https://shizune.co/investors/profile/positive-planet) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does AFD Group invest in?

AFD Group invests primarily in FinTech, Finance and Non Profit startups, most often at Grant and Private Equity stage. Most of the 2 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did AFD Group last invest?

The most recent investment recorded for AFD Group closed in Dec 2021. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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