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.
While the food tech investment sector figured itself out last year, Miruku, a New Zealand-based food tech company, was busy getting ahead of molecular farming technology.
Since the seed round, the company made advancements in its proprietary dairy seed system.
Initially, Miruku focused on programming plants to produce dairy proteins that could be extracted from seeds.
That approach has since expanded to leverage interactions between recombinant dairy casein and native plant proteins, with or without improved fatty acid profiles.
It was led by Motion Capital and included seed round investor Movac and new investor NZVC.
That’s the driving idea behind Nile, a startup that aims to create this data system with serverless Postgres at its core.
This could be authentication, billing, and so on.”Unsurprisingly, that’s exactly the problem Nile tries to solve.
The idea here is that every SaaS company has a data layer at its core and since we are talking about SaaS companies, they all have to solve for multi-tenancy in some form or another, no matter whether they are in the B2B or B2C space.
Traditionally, the team argued, solving problems around data and database management was always an application problem rather than a database problem.
Nile is turning this on its head by making multi-tenancy a core feature of its Postgres solution and by separating the data layer from the compute layer.
Here’s what to know to raise a Series A right nowThere is good news and just “OK” news.
The good news is that the venture capital market is showing signs of stabilizing.
Today, Jesse Randall, the founder of the platform Sweater Ventures, said founders should start looking to raise a Series A when they have about 12 to 15 months of cash runway left.
“Don’t wait any longer than that,” he told TechCrunch+.
“In this market, you have to prep for an A way in advance,” Feinzaig told TechCrunch+, adding that it could be fruitful to do so right after closing a seed round.
Here’s what to know to raise a Series A right nowThere is good news and just “OK” news.
The good news is that the venture capital market is showing signs of stabilizing.
Today, Jesse Randall, the founder of the platform Sweater Ventures, said founders should start looking to raise a Series A when they have about 12 to 15 months of cash runway left.
“Don’t wait any longer than that,” he told TechCrunch+.
“In this market, you have to prep for an A way in advance,” Feinzaig told TechCrunch+, adding that it could be fruitful to do so right after closing a seed round.
Here’s what to know to raise a Series A right nowThere is good news and just “OK” news.
The good news is that the venture capital market is showing signs of stabilizing.
Today, Jesse Randall, the founder of the platform Sweater Ventures, said founders should start looking to raise a Series A when they have about 12 to 15 months of cash runway left.
“Don’t wait any longer than that,” he told TechCrunch+.
“In this market, you have to prep for an A way in advance,” Feinzaig told TechCrunch+, adding that it could be fruitful to do so right after closing a seed round.
This week, we’re taking a look at a pitch deck from Rypplzz (pronounced “ripples”), a spatial technology startup that recently raised $3 million.
As a rule, a pitch deck should never exceed 20MB because many email servers don’t like big attachments.
While this slide explains what the product is and its capabilities, it falls short of being a comprehensive product slide.
Enhancing a product slide with these details can elevate the pitch and make it more compelling.
In the rest of this teardown, we’ll take a look at three things Rypplzz could have improved or done differently, along with its full pitch deck!
This week’s Pitch Deck Teardown comes to you from the PCB-laden confines of CES in Las Vegas.
Today, we’re looking at the slide deck that video analytics firm Qortex used to raise a $10 million seed round.
To be honest, I’m a little surprised the company managed to raise money at all with this pitch deck, but the fact that it did manage to raise $10 million is a good reminder that the deck is only a part of the puzzle.
In the rest of this teardown, we’ll take a look at three things Qortex could have improved or done differently, along with its full pitch deck!
Three things that could be improvedAbove, I noted the glaring absence of several key slides that investors usually like to see in a pitch deck.
Health in her HUE, a digital health app that focuses on reducing health disparities for women of color, announced that raised a $3 million Seed round today, led by Seae Ventures.
The company is being built during a precarious time for women’s health, where women of color, especially Black women, still face medical discrimination.
Health in her HUE says it has nearly 13,000 members with 1,300 health providers across 60 specialties, from therapy to chiropractic.
Wisdom, who remains CEO, says the company will use its Seed round to expand its products and programs.
Others that participated in this seed round include Johnson & Johnson Impact Ventures, HBCU Founders Fund, Stanford Impact Fund, and Morgan Stanely Inclusive Ventures Labs.
Happy New Year, and welcome to the 78th installment of Pitch Deck Teardown!
This week, we are taking a closer look at Pepper Bio‘s seed pitch deck that landed the company $6.5 million.
Unlike CancerVax (which I ripped apart in a previous teardown for being completely unbelievable), Pepper Bio has a strong team and a lot of promise.
In a world that’s often laden with deeply technical language, Pepper Bio sets itself apart for a moment.
In the rest of this teardown, we’ll look at three things Pepper Bio could have improved or done differently, along with its full pitch deck!
