PARTECH AFRICA SLPStatus: Approved investment
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Who is our customer
Partech is a top tier venture firm founded in 1982 in Silicon Valley that manages investment funds focused on seed, venture and growth stages. Partech launched Partech Africa, the first technology fund of this size to be exclusively dedicated to the fast-growing tech ecosystem in Africa. Partech has a team spread across offices in Paris, Berlin, San Francisco and Dakar.
What is our funding objective?
Partech Africa intends to focus on early-stage growth funding, providing EUR500,000 to EUR5 million initial tickets to talented African teams that are using tech to address large emerging market opportunities. Partech Africa is a generalist tech fund with target industries ranging from fintech to online and mobile consumer services, as well as mobility, supply chain services and digitization of the informal economy.
Why do we fund this investment?
The intended investment in Partech Africa Fund is a strong fit with FMO's objectives to empower entrepreneurs and their local communities, to support innovation, and sustainable economic development in emerging markets and to reduce inequalities. Technology can have a huge transformative impact in Sub-Saharan Africa, which has a vast untapped source of entrepreneurial energy, but lacks the necessary funding. Partech Africa will make an important contribution to closing this funding gap and driving entrepreneurship and growth in Africa.
What is the Environmental and Social categorization rationale?
The Environmental and Social category of Partech Africa Fund is considered B. The fund will invest in early-stage fintech and mobile/enterprise companies which are associated with low E&S risks because of the limited number of employees and limited environmental impacts. Partech is excluded from investing in high-risk activities. The specific E&S challenges that Partech will encounter through its investments are related to data privacy and security and general labor conditions, which are properly being addressed by the fund’s ESMS.
- Infrastructure, Manufacturing and Services
- Publication date
- Effective date
- Total FMO financing
- EUR 7.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)