Partech Africa has achieved a final close of $143m with limited partners including Orange, Edenred, JCDecaux, Bertelsmann, L’Oréal, Axian Group and Texaf.
US-based venture capital firm Partech Ventures has closed a €125m ($143m) fund aimed at startups in Africa, having raised capital from a host of limited partners.
Media group Bertelsmann, diversified conglomerate Axian Group, corporate services provider Edenred, outdoor advertising firm JCDecaux, personal care product manufacturer L’Oréal, telecommunications firm Orange and textile and industrial firm Texaf have also backed the fund.
The corporates were joined by development banks KfW, FMO and African Development Bank as well as French state-backed fund of…
