Partech’s record $300 million Africa-focused fund reaches final close despite global funding dip
- Partech Africa has closed its second Africa-focused fund, Partech II, at $300 million.
- The new fund will focus on investing in seed to Series C rounds with ticket sizes ranging from $1 million to $15 million.
- Partech will also open a new office in Lagos to strengthen its support for entrepreneurs.
The closing of Partech II, the largest Africa-focused fund, is a positive development for the African startup ecosystem. It will provide much-needed funding and support for entrepreneurs in various sectors. The expansion of Partech's presence in Lagos further demonstrates their commitment to the region.
