Partech Africa Fund II
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
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 global Top-Tier Venture platform with 4 main investment strategies to support tech and digital companies from Seed- to Growth-stages. The Firm has offices in Paris, Berlin, San Francisco and Dakar, and a local presence in New-York, Nairobi and Dubaï. In 2017, Partech launched its Africa-focused strategy and closed its First Partech Africa Fund, which was the largest African VC Fund, dedicating capital and resources to the fast-growing tech ecosystem on the continent. Partech Africa is launching the second generation of its Partech Africa Strategy, pursuing its original strategy.
What is our funding objective?
Partech Africa Fund II intends to focus on early-stage funding, providing EUR1 million to EUR15 million initial tickets to talented African teams that are using tech to address large emerging market opportunities. Partech Africa Fund II 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 II 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 Fund II 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 labour conditions, which are properly being addressed by the fund’s ESMS.
Sub investments
Disclaimer
This data is updated annually so some investments might no longer be in FMO’s portfolio, while some newer investments may not yet be shown.
| Name | Country | Region | Sector |
|---|---|---|---|
| Nawy Inc | Egypt | AFRICA | Financial Institutions |
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 4/21/2022
- Effective date
- 12/22/2022
- Total FMO financing
- EUR 25.00 MLN
- Funding
- FMO NV
-
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) - B