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 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.
