Partech, a world know-how funding agency, introduced the primary closing of its Partech Africa II, at €245M.
The fund was supported by a diversified and worldwide set of DFIs traders, together with anchor investor KfW, the German Improvement Financial institution, joined by European Funding Financial institution (EIB), Worldwide Finance Company (IFC), member of the World Financial institution Group, FMO, the Dutch entrepreneurial improvement financial institution, Bpifrance Investissement, British Worldwide Funding (BII), DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Proparco, in addition to business traders akin to South Suez and Bertelsmann.
With a group headquartered in Dakar, Senegal, Partech Africa II will proceed to establish and assist the following era of class leaders throughout the continent. The fund will present $1M to $15M preliminary tickets from Seed to Progress to assist entrepreneurs to remodel Monetary Service, Commerce, Schooling, Mobility, Healthcare, and many others. The fund will play an energetic position in bringing monetary, strategic, and operational assist to African founders.
To execute on this technique, the group, led by Cyril Collon and Tidjane Dème and comprised of Marie Benrubi, Sabrine Chahrour, Lewam Kefela, Matthieu Marchand, primarily based in Dakar, Nairobi and Dubai, is increasing into new places. It’s augmented by Partech’s international platform with 3 members devoted to Partech Africa: Romane Assou, Léa Gnaly and Alhou Maiga. This platform supplies assist throughout key capabilities akin to Enterprise Improvement & Portfolio Assist, Founders Group, ESG, Finance, Compliance, and Authorized.
In 2018, Partech introduced the launch of its Africa-focused technique with a primary Fund of €125 million. As we speak, the portfolio counts 17 firms began in 9 African international locations and now working in 27 international locations on the continent. These class leaders are bringing worth to 1M+ retailers and 20M+ finish customers, throughout a big set of sectors from Fintech to Healthtech, Logistics and Edtech.
FinSMEs
08/02/2023
