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Partech raises $125m for Africa Fund targeting Series-A and Series-B startups

Feb 05, 2019 - ICT Monitor Worldwide

Silicon Valley based venture capital (VC) fund Partech has completed a capital raise for its Africa Fund, with the fund closing at 125-million, more than double the size of its first closing a year ago at 57-million ($70-million).

Partech Ventures made the announcement last Thursday (31 January). It claims it has raised the largest VC fund dedicated to tech startups in Africa.

The fund will participate in Series-A and Series-B rounds for tech startups on the continent and aims to bac...