• Latest
  • Trending
Partech closes 2nd fund with new office in Lagos

Partech closes 2nd fund with new office in Lagos

February 20, 2024
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Alibaba, Nvidia collaborate to expedite humanoid robot development

Alibaba, Nvidia collaborate to expedite humanoid robot development

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Partech closes 2nd fund with new office in Lagos

Felicia Akindurodoye by Felicia Akindurodoye
February 20, 2024
149 1
0
Partech closes 2nd fund with new office in Lagos
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

In addition to opening a new office in Lagos and seeking to expand its team, global technology investment firm Partech has announced the final closing of its second Africa fund, Partech Africa II, with a hard cap of €280M ($300M+).

All major investors from its predecessor fund, as well as top-tier investors, have made their first commitment to the Partech Africa platform and the African VC ecosystem, and the final closing of Partech Africa II has reached €280M ($300M+), following a strong first closing announced last year.

Read also: QED and Partech back Revio with $5.2M seed

The parties involved

Pension and sovereign funds from the United States and the Middle East are among the new types of global institutions that have been able to take advantage of this final closing’s oversubscription. In addition to the early backers of Partech Africa—Orange, AXIAN Investment, and the African Development Bank Group—new strategic investors Dubai Future District Fund (DFDF) and Africa Re are also part of it.

RelatedPosts

LASTMA deploys drones to tackle Lagos traffic

GITEX Nigeria 2025: Lagos Governor commits to driving Nigeria’s $1 trillion Economy

Digital Realty opens third data centre in Lagos to accelerate connectivity

Forty-plus foreign investors, including family offices, large Development Finance Institutions (DFIs), and commercial investors like South Suez and Bertelsmann, have shown their support for the fund. Among the development finance institutions (DFIs) in this group are KfW, the German Development Bank, the EIB, the International Finance Corporation (IFC), a World Bank Group member, FMO, the Entrepreneurial Development Bank of the Netherlands, Bpifrance Investissement, BII, DEG, the UK’s development finance institution and impact investor, and Proparco.

With initial tickets ranging from $1 million to $15 million on Seed to Series C rounds, Partech Africa II will ramp up its investment strategy across Africa. The goal is to back African founders and companies as they grow in local and international markets. The Fund has made three investments thus far: an e-commerce platform in Senegal, a payment orchestration startup in South Africa, and an Egyptian realty platform. Across the continent, the group plans to amass a portfolio of more than twenty companies.

General Partner, Tidjane Deme of Partech, has announced that the firm is increasing its team size and geographic reach across Africa. With offices in Dakar, Nairobi, Dubai, and now Lagos, Partech is better able to provide entrepreneurs with hands-on support.

Besides this growth, Partech Africa is also looking to hire an Investment Analyst in Lagos and a senior profile for “Portfolio Strategy & Operations” to help with value creation and exit planning.

According to Partech’s most recent 2023 Africa Tech Venture Capital Report, the number of investors involved in the African tech ecosystem has dropped by half, coinciding with the final closing announcement of Partech Africa II. It is more important than ever before to be able to anchor rounds at all stages, from Seed to Early Growth,” Collon said. It furthers our goal of facilitating the establishment of tech companies that will profoundly impact the future of innovation on a global scale and on the African economy in particular.

About Partech Africa

Partech Africa is one of Africa’s top venture capital funds that focuses on supporting tech startups. Its headquarters are in Dakar, Senegal. Startups in Africa are reshaping many industries through the application of technology; Partech Africa invests in seed and series C equity rounds in these companies.

Africa Startups Debt Financing Hit $1.55B In 2022

About Partech

Partech is an international technology investment firm with branches in Berlin, Dakar, San Francisco, Dubai, Lagos, and Nairobi. The headquarters are in Paris. Everyone on our team is free to think as they like. Efforts are not limited by passing fads, fad methods, or established practices. We are firm believers in the transformative power of solidarity, standing shoulder to shoulder with the founders whose ventures we fund as we strive for common goals. 

From the seed stage all the way through to growth, we back entrepreneurs by providing them with capital, operational expertise, and strategic support. We began in San Francisco forty years ago and now manage a portfolio of two hundred companies across forty countries and four continents, with a total asset under management (AUM) of €2.5 billion. 

Tags: LagosPartech
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.