Partech Africa Fund IIStatus: Approved investment
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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.
- Infrastructure, Manufacturing and Services
- Publication date
- Effective date
- Total FMO financing
- EUR 25.00 MLN
- 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)