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



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

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

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

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

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.