“Partech’s $300M+ Africa Fund: Enabling Investment Across All Stages from Seed to Series C”
Partech closes its second Africa fund at $300M+ to invest from seed to Series CPartech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reaching its first close.
Amidst a backdrop of global VCs and institutional investors pulling back from Africa, Partech Africa’s recent fund closure is significant.
However, he clarified that the firm will deploy the majority of its second fund between Series A and B rounds.
Among the investments from its second fund is Revio, a South African payment orchestration platform, where Partech Africa co-led the seed round with global fintech fund QED.
Partech Africa intends to back over 20 companies, with initial investments ranging from $1 million to $15 million, it disclosed.
