FMO considers investment in Partech Africa Fund II

The Dutch entrepreneurial development bank, FMO, is proposing an investment of €25 million in the Partech Africa Fund II. The fund is managed by Partech, a global venture platform.

Partech Africa Fund II intends to focus on early-stage funding, providing €1 million to €15 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 digitisation of the informal economy.

In 2017, Partech launched its Africa-focused strategy and closed its first Partech Africa Fund.

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