After an initial fundraising round in 2018, Partech Africa has finalized a record €125 million fundraising round.
Around 40 international investors took part in the operation, including the African Development Bank Group, Orange, Edenred, JCDecaux, Bertelsmann, and L'Oréal, with an investment made in September 2018.
Partech Africa is an investment fund for startups on the continent, created by Cyril Collon, general partner at Partech Venture, and Tidjane Dème, former head of Google Francophone Africa. Based in Dakar, this investment fund is aimed at high-potential African technology startups operating in sectors such as Fintech, online and mobile services, mobility, and the digitization of the informal economy.
At the time of its launch, the two leaders had raised €57 million in an initial fundraising round dedicated to the continent. Two investments were made in 2018. One was in the Nigerian startup TradeDepot and the second was in the South African fintech company Yoco.
Today, this new €125 million operation marks a new milestone for Partech Africa, which is now the largest venture capital fund dedicated to African startups on the continent. Future investments will be dedicated to startups in the education, finance, logistics, energy, and mobility sectors.
In a few months, Partech Africa will also open a second office in East Africa, based in Kenya.