Orange, Edenred and JCDecaux have put their weight behind Partech Africa, which has now secured more than $70m in funding towards its $123m target.
US-based VC firm Partech Ventures launched a €100m ($123m) fund on Thursday targeting the pan-African ecosystem, with backers including telecoms firm Orange, corporate services provider Edenred and outdoor advertising firm JCDecaux.
The fund, Partech Africa, has achieved an initial close of more than $70m. Its limited partners also include International Finance Corporation, the private sector investment arm of the multilateral World Bank and the EU-owned financial institution European Investment Bank.
Averroès Finance III, a fund of funds managed by French…
