Partech closes its second Africa fund at $300M+ to invest from seed to Series C
- Partech Africa II closed at €280 million ($300 million+), making it the largest fund dedicated to African startups.
- Investor activity in Africa declined, resulting in reduced venture capital inflows for African startups.
- Partech Africa aims to support startups at various stages and has made investments in companies such as Revio, Wave, TradeDepot, Yoco, and Reliance.
The closure of Partech Africa II is a positive development for African startups, as it solidifies the availability of funding in a challenging investment landscape. Despite the decline in investor activity, Partech Africa's focus on supporting startups at various stages and its investments in key sectors show a commitment to driving growth and innovation in the African tech ecosystem. The diverse investor base also highlights the increasing interest and confidence in African tech ventures.
