Sunday , February 28 2021

Partech Africa raises US $ 143.6 million from 40 international investors to finance start-ups in Africa

(Parte Agence Ecofin) – Partech Ventures announced on January 31 the final closure of Partech Africa, its venture capital fund dedicated to African technology companies with commitments of around € 125 million or $ 143.6 million.

These commitments almost doubled compared to the $ 70 million of funds mobilized by Partech Africa when it was launched in January 2018.

With this transaction, Partech Africa is now the largest venture capital fund dedicated to startups in Africa. The fund, based in Dakar, Senegal, will open its second representative office in East Africa, more specifically in Kenya, in the coming months.

After the first two operations in 2018 on the Nigerian platform TradeDepot and the South African Fintech Yoco, Partech Africa announces for 2019 new investments between 500,000 and 5 million euros in emerging startups in the sectors of education, finance, logistics, energy and mobility .

Note that Partech Africa was supported by more than 40 international investors such as the European Investment Bank (EIB), the International Finance Corporation (IFC), Averroes Finance III, a fund managed by Bpifrance and Proparco, the German Development Bank KfW, the Dutch Development Bank (FMO) and also large companies such as L'Oréal, Orange, Edenred, JCDecaux, Bertelsmann and many others.

Chamberline Moko

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