Partech Africa Fund to Invest $70M in Early Stage African Startups

Partech Ventures announced today the launch of its Partech Africa fund, which has secured above €57M (US$70M) commitments toward its target size of €100M ($120M), making it the first technology fund of such size from a top-tier international VC to be exclusively dedicated to the fast-growing tech ecosystem in Africa.

Partech Africa intends to focus on early stage growth funding, providing €0.5 to €5M initial tickets to talented African teams using tech to address large emerging market opportunities. Partech Africa is a generalist tech fund with target industries ranging from Financial Inclusion (Fintech, InsurTech, new distribution models) to online and mobile consumer services (commerce, entertainment, education, digital services), as well as mobility, supply chain services and digitization of the informal economy.

The launch of Partech Africa is supported by major financial institutions led by IFC, member of the World Bank Group, and including the European Investment Bank (EIB) and Averroès Finance III (fund of funds managed by Bpifrance and co-sponsored with Proparco).

Learn more: Partech Africa