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Partech closes its second Africa fund at $300M+ to invest from seed to Series C
Partech has closed its second Africa fund at €280 million ($300 million+), solidifying its position as the largest Africa-focused fund.
Meanwhile, in an email to TechCrunch, Tidjane Deme says the VC firm’s expanding team will enable it to effectively deploy capital and offer assistance to portfolio companies across these stages. With offices in Dakar, Nairobi, and Dubai, Partech Africa has recently established a presence in Lagos, where it’s actively hiring to engage closely with startups in the region, underscoring the city’s significance as a third of the firm’s portfolio companies are based there. The Dakar-based venture capital firm, which has backed 17 startups in its first fund, prioritizes sectors such as fintech, agritech, health tech, retail, FMCG, and agency banking, which are crucial for Africa’s employment and economic activity.
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