Project detail - PARTECH AFRICA SLP


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

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)