GreenTec is Reading: Le Monde Afrique: Interview with Partech Africa's Cyril Collon and Tidjane Deme

on 27 February 2018

Frankfurt (Germany), February 2018. This week, we are happy to share the following interview in Le Monde Afrique (in French) with Dakar based venture capital fund Partech, which has launched a VC fund focused on the African tech sector earlier this year. 

The Partech Ventures was founded in 1982, and developed a global presence and deep corporate network including strong ties to Silicon Valley as one of the first European VC's with offices there. The firm now focuses on identifying and developing the next “digital champions with Pan-African ambitions” with the launch of its Partech Africa Fund in January 2018. To date the fund has raised more than €57 Million with a target of of raising €100 Million. The fund recently opened its office in Dakar, Senegal, expanding Partech's presence to three continents with offices in San Francisco, Paris, and Berlin. The Africa Fund has attracted investors such as the the World Bank, the Averroès fund - managed by Proparco and BPI France, the European Investment Bank, Orange Mobile, Edenred, and JCDecaux Holdings.

We are pleased to welcome Partech to African tech ecosystem as the company shares a number of overlaps with GreenTec’s interests and in the company’s focus on impactful African tech companies and solutions digitizing informal markets. Like GreenTec, Partech recognizes that many African tech startups are providing services that public authorities do not or cannot. The company has an expressed interest in fintech solutions, as well as artificial intelligence applications in African tech. We are pleased to see the further development of the African tech ecosystem with entry of a well-funded VC. Especially, as they explicitly reinforce elements our own investment thesis. The Partech fund is positioned to provide much needed support to impactful African tech companies and we look forward to seeing which solutions they develop!