• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 28, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business StartUPs

Partech Africa II Fund Closes at $300 Million with Team, Portfolio Expansion

by Joan Aimuengheuwa
February 19, 2024
in StartUPs
0
Partech Africa II Fund Closes at $300 Million with Team, Portfolio Expansion
Partech Team

Partech Team

UBA
Advertisements

Global investment firm Partech has secured $300 million (€280 million) for its second Africa-focused fund, Partech Africa II, exceeding its initial target. 

This news comes amidst a recent report highlighting a 50% decrease in the number of active investors in the African tech sector, making Partech’s drive even more important.

The Fund will target African tech startups with investments ranging from $1 million to $15 million, focusing on Seed to Series C rounds across various sectors. 

With a goal to build a portfolio of over 20 companies, Partech Africa II aims to support ambitious founders on their growth journeys, both in local and international markets.

Partech’s target for early-growth funding addresses the gap in the African tech sector, where many startups struggle to secure the resources needed to scale. 

The firm’s strong record, combined with the diverse group of investors backing the fund, including US, Middle Eastern, and African institutions, inspires confidence in its ability to identify and support future tech leaders.

Partech has also expanded its team and physical presence in Africa. The newly opened Lagos office, home to almost a third of the fund’s current portfolio, hammers on Partech’s focus on providing on-the-ground support to entrepreneurs. 

Additionally, the appointment of senior investment officer Tito Cookey-Gam bolsters the team’s expertise and capacity.

Partech Africa II’s final closing highlights the firm’s long-term vision for African tech. In providing required funding, strategic guidance, and local support, Partech is enhancing the sustainable future of innovation on the continent. 

As Cyril Collon, General Partner at Partech, said, “The capacity to anchor rounds at all stages from Seed to Early Growth is more critical than ever. It reinforces our mission to enable the emergence of technology companies that will create transformative value for African economies and shape the future of innovation globally.” 

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Cyril CollonPartechPartech Africa II Fund
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Reshal Seetahal, Head Of Alibaba Cloud Business Unit at BCX

Africa Public Cloud - The Significance of Billing in Local Currency for Cloud Services

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Stanbic IBTC Holdings PLC

Stanbic IBTC Bank Takes SME Collab Market Storms to Major Nigerian Cities

2 years ago
Coca-Cola Nigeria Responds to FCCPC Allegations, Asserts Transparency, Compliance

Coca-Cola Nigeria Responds to FCCPC Allegations, Asserts Transparency, Compliance

11 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    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
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.