A new VC fund, Partech Africa, has been launched to invest in early-stage growth businesses in Afrika. The fund has been created by global VC firm, Partech Ventures and it will be looking to invest a minimum of approximately $600,000 and up to about $6 million per initial ticket.

Partech has said that they will specifically be looking for talented Afrikan startup teams that are using technology to address large emerging market opportunities.

![Partech Africa](/content/images/2018/01/CC-TD_Card_390x2451.png)
Tidjane Dème, Tidjane Dème, General Partner at Partech Africa, and Cyril Collon, General Partner at Partech Africa.

“With a very hands‐on operational team closing more than 70 transactions per
year, Partech will bring great value to African founders. Moreover, thanks to our global network of corporate partners, our dedicated business development team will expose African startups to European and US markets, enable commercial contracts and long‐term strategic partnerships," said Tidjane Dème, General Partner at Partech Africa.

The launch of the Partech Africa VC fund bodes well for the prospects of Afrikan tech startups and points to an improving Afrika-led investment environment. Towards the end of 2017, we saw, arguably for the first time, a sizable investment round into an Afrika focussed tech startup being led by an Afrikan VC fund, namely CRE VC.

“Most investment rounds so far have been led by US or EU based investors. The ecosystem is ready for local players, with African
teams being able to finance the best African startups,” said Cyril Collon, General Partner at Partech Africa.

The launch of Partech Africa is supported by major financial institutions led by IFC, member of the World Bank Group, and including the European Investment Bank (EIB) and Averroès Finance III (fund of funds managed by Bpifrance and co‐sponsored with Proparco). It is also backed by corporate investors led by major global mobile player Orange and including leading emerging markets players such as Edenred and JCDecaux Holding.

“We are pleased to be now present on 3 continents as we open our African headquarters in Dakar, Senegal; not just for being global, but for a better and more comprehensive understanding of all tech trends and disruptions. In many domains, we are seeing innovative investment projects led by outstanding African entrepreneurs. They are using digital tools and creative business models to solve major issues affecting large and untapped market segments, and this is only the beginning,” concluded Philippe Collombel, co‐Managing Partner at Partech Ventures.