Partech, its $300 million fund, backing bold founders, and being intentional about exits
- Partech has closed its over $300 million Africa-focused fund, Partech II, making it the largest fund on the continent.
- Partech Africa II has already made three investments in South African payment startup Revio, an undisclosed e-commerce platform in Senegal, and an undisclosed real estate startup in Egypt.
- The fund will prioritize Series A and B rounds with investment sizes ranging from $1 million to $15 million per startup.
The closing of Partech II, the largest Africa-focused fund, is a positive development for the continent's startup ecosystem. The fund's investments in various sectors and its focus on Series A and B rounds will provide much-needed capital for startups to scale and grow. This will contribute to the overall growth and success of the African tech industry.
