About This Fund
Partech Africa II is the largest fund dedicated to African startups. It is managed by French investor Partech. Partech Africa II will support founders at various stages of their journey, from seed rounds to growth rounds leveraging its position in the ecosystem. The firm will deploy the majority of its second fund between Series A and B rounds. Partech Africa II intends to back over 20 companies, with initial investments ranging from $1 million to $15 million, it disclosed. Among the investments from its second fund is Revio, a South African payment orchestration platform, where Partech Africa co-led the seed round with global fintech fund QED. An Egyptian proptech and a Senegalese e-commerce startup are also investments of the fund. Partech Africa I has backed 17 startups in its first fund, prioritizing sectors such as fintech, agritech, health tech, retail, FMCG, and agency banking, which are crucial for Africa’s employment and economic activity. Notable investments include Wave, TradeDepot, Yoco, and Reliance.