Partech Africa II Reaches Oversubscribed First Close At €245M
Partech Africa II Reaches Oversubscribed First Close At €245M. Partech Africa took to LinkedIn to announce that it has secured a oversubscribed first close at €245 million. This marks a significant milestone for the company’s Africa-focused strategy with the fund doubling down on Partech’s African strategy, demonstrating the trust and support from major existing investors placed in Partech’s African strategy.
“We launched this strategy with less than $400M invested annually on the continent”, commented Partech General Partner Tidjane Deme. “We know there are many more champions to build in Africa and we are ready to support them. We are thankful for the support of our strategic LPs such as IFC – International Finance Corporation, KfW, European Investment Bank (EIB), FMO – Dutch entrepreneurial development bank, Bpifrance, British International Investment, DEG, PROPARCO, Bertelsmann SE & Co. KGaA, and South Suez Capital Limited.”
Born in San Francisco 40 years ago and now headquartered in Paris, Partech is one of the most active tech investors in the world, bringing together capital, operational experience, and strategic support for entrepreneurs at seed, venture and growth stages. The company manages more than €2.5B and its current portfolio includes 210 companies in 40 countries in Africa, Asia, Europe and the US.
Partech Africa II is the largest tech fund in Africa and will continue to support the next generation of category leaders across the continent, providing $1M to $15M initial tickets from Seed to Growth stages. The Partech Africa team, supported by Partech’s global platform, is dedicated to providing financial, strategic, and operational support to African entrepreneurs. It is ready to continue to lead and co-lead rounds with the best regional and global players.
