Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Partech Africa raises $143.6 million to fund African startups

Friday, 01 February 2019 17:19
Partech Africa raises $143.6 million to fund African startups

(Ecofin Agency) - 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





 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.