Partech Ventures announced, on January 31, 2019, the final close of its venture capital fund dedicated to African tech firms at €125 million ($143.6 million).
This is nearly double the $70 million raised for the first close in January 2018.
With this operation, Partech Africa is now the largest venture capital fund dedicated to African startups. In the coming months, the Dakar-based fund will launch its second representative office in Kenya.
After its two investments in Trade Depot and Yoco in 2018, Partech Africa announces €500,000 - €5 million investments in education, finance, logistics, energy and mobility startups.
Let’s note that for this close, Partech Africa received the support of more than 40 international investors such as the European Investment Bank (EIB), the International Finance Corporation (IFC), Averroès Finance III (a fund managed by Bpifrance and Proparco), the German Development Bank KfW, the Development Bank of Netherlands (FMO). Large firms such as l’Oréal, Orange, Edenred, JCDecaux and Bertelsmann also invested in the fund.
Chamberline Moko
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Ghana signs a deal with eLearning Africa to expand digital learning access across the country.• The partnership focuses on deploying modern digital...
Ghana launches the Oncology Nurse Leadership Program (ONLEP) to train specialized oncology nurses from seven African countries. The five-year...
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...