{"id":89769,"date":"2024-03-07T00:00:00","date_gmt":"2024-03-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-and-frances-bpifrance-invest-in-partech-africa-ii\/"},"modified":"2024-03-07T00:00:00","modified_gmt":"2024-03-07T00:00:00","slug":"mubadala-and-frances-bpifrance-invest-in-partech-africa-ii","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/07\/mubadala-and-frances-bpifrance-invest-in-partech-africa-ii\/","title":{"rendered":"Mubadala and France\u2019s Bpifrance invest in Partech Africa II"},"content":{"rendered":"

Mubadala and French public investment bank Bpifrance have co-invested in<\/strong> Partech <\/strong>Africa II<\/strong>, the latest Africa-focused venture capital fund launched by global tech investment firm Partech<\/a>, Wam<\/a> reports. The value of the co-investment was undisclosed.<\/p>\n

The co-investment marks the initial commitment within Mubadala and Bpifrance\u2019s EUR 350 mn (AED 1.4 bn) Africa partnership<\/strong> that was announced in June 2021. Both parties had planned to invest in high-growth African startups, SMEs, and mid-market companies through funds and direct investments, The National<\/a> writes.<\/p>\n

Partech Africa <\/strong>II, capped at EUR 280 mn, stands as the largest venture capital fund exclusively designed for African startups<\/strong>,according to a Partech press release<\/a>. The fund provides initial investments with ticket sizes ranging from USD 1 mn to USD 15 mn to startups throughout from seed to series C rounds. The fund has secured backing from more than 40 international investors to date, including commercial entities, family offices, and major Development Finance Institutions.<\/p>\n

REMEMBER- <\/strong>Dubai Future District Fund (DFDF) participated in Africa II fund\u2019s close last month<\/a>, it said in a statement (pdf)<\/a>. DFDF\u2019s exact investment was not disclosed. <\/p>\n","protected":false},"excerpt":{"rendered":"

The investment marks Mubadala and Bpifrance\u2019s initial commitment within their Africa partnership<\/p>\n","protected":false},"author":1,"featured_media":89770,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[7,1342,25,1343,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-investment","tag-investment-watch","tag-mubadala","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"421175ba-bfd8-46e8-8a82-2d6592062f0d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2193.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Mubadala and France\u2019s Bpifrance invest in Partech Africa II","related_issue":[89760],"teaser":"The investment marks Mubadala and Bpifrance\u2019s initial commitment within their Africa partnership","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.ebfd6000-74c2-4a9c-807d-a0f8e0e083df.mp3"},"yoast_head":"\nMubadala and France\u2019s Bpifrance invest in Partech Africa II - 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