Partech, a global technology investment firm, announced the first closing of its Partech Africa II, at €245M.
The fund was supported by a diversified and international set of DFIs investors, including anchor investor KfW, the German Development Bank, joined by European Investment Bank (EIB), International Finance Corporation (IFC), member of the World Bank Group, FMO, the Dutch entrepreneurial development bank, Bpifrance Investissement, British International Investment (BII), DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Proparco, as well as commercial investors such as South Suez and Bertelsmann.
With a team headquartered in Dakar, Senegal, Partech Africa II will continue to identify and support the next generation of category leaders across the continent. The fund will provide $1M to $15M initial tickets from Seed to Growth to support entrepreneurs to transform Financial Service, Commerce, Education, Mobility, Healthcare, etc. The fund will play an active role in bringing financial, strategic, and operational support to African founders.
To execute on this strategy, the team, led by Cyril Collon and Tidjane Dème and comprised of Marie Benrubi, Sabrine Chahrour, Lewam Kefela, Matthieu Marchand, based in Dakar, Nairobi and Dubai, is expanding into new locations. It is augmented by Partech’s global platform with 3 members dedicated to Partech Africa: Romane Assou, Léa Gnaly and Alhou Maiga. This platform provides support across key functions such as Business Development & Portfolio Support, Founders Community, ESG, Finance, Compliance, and Legal.
In 2018, Partech announced the launch of its Africa-focused strategy with a first Fund of €125 million. Today, the portfolio counts 17 companies started in 9 African countries and now operating in 27 countries on the continent. These category leaders are bringing value to 1M+ merchants and 20M+ end users, across a large set of sectors from Fintech to Healthtech, Logistics and Edtech.
FinSMEs
08/02/2023