Next54

Côme Vercken, Managing Director of Next54 and concurrently M&A Director at CFAO Group, leads investment decisions. Delphine Cardi serves as Deputy Director. The team operates from CFAO's headquarters in Boulogne-Billancourt, France.

Next54 is the healthcare-dedicated corporate venture capital vehicle of CFAO Group. CFAO is itself a subsidiary of Toyota Tsusho Corporation, which provides the ultimate source of capital. This creates a three-tier structure: Toyota Tsusho owns CFAO, which owns and operates Next54.

Yes, Mobility54 is the sister corporate venture fund. It focuses on mobility and transportation innovation across Africa. The two vehicles share the CFAO parent but target distinct sectors, with Mobility54's mandate sitting outside of healthcare.

Unlike a traditional fund, Next54 draws investment capital from CFAO's corporate balance sheet and can embed portfolio companies into CFAO's existing African pharmaceutical distribution and logistics infrastructure. This eliminates the fund-life pressure experienced by independent venture firms and offers portfolio companies a direct path to operational scale through the parent's supply chains.

Next54 invests across all 54 countries on the African continent, as its name indicates. The parent company CFAO has a long-established presence across Francophone West and Central Africa as well as other regions, providing local infrastructure that supports Next54's pan-African investment reach.

No. Next54 does not publicly disclose assets under management, fund size, or total capital deployment. As a corporate balance-sheet vehicle, it is not required to report to external limited partners, and no credible media or regulatory filings supply these numbers. The AUM band remains Undisclosed.

CFAO Solidarity is the philanthropic foundation maintained by the CFAO Group. Publicly available information does not detail how its governance or funding is separated from Next54's investment activities, but it represents a distinct charitable arm alongside the healthcare venture unit.