Partech Newsletter: $2.02 Billion raised!
February 10th, 2020
Welcome to the first issue of our monthly Partech newsletter of 2020, and despite the cold, things have been heating up🔥! With new portfolio alumni, huge funding rounds and some intriguing partnerships formed, it was clear that 2020 was showing no signs of the January blues.
The month was off to a flying start with the release of the much anticipated Partech Africa annual report🌍. African tech start-ups had raised a grand total of $2.02 Billion dollars, a significant figure that highlights the contintent's attractiveness to investors. There were new leaders of the continent, new sectors with the most influence and many other compelling figures that the report analyzed which clearly shows how African tech growth is neither a temporary nor minor phenomenon.
Read on to discover why we have been featured in TechCrunch, Le Point, TechCabal, VentureBurn, RFI, Qwartz Africa and so many others.
Have a great read!
The Partech Team
***
New Alumni
Dejbox: A startup redefining the way employees think about everyday lunch breaks, Dejbox underwent an exciting acquisition by multinational corporation Carrefour. The deal comes in the light of Carrefour's ambition to become a leader in the Food Transition for all, and thus they recognised Dejbox as the company to realize their goals. Our own Boris Golden was hand in hand with Dejbox on this journey, and so his blog post is the place to be to get the full story.
$400 Million Raised: Here are our Top 6
Ecovadis: $200M
This investment from CVC Growth Partners, the largest of its kind, will be used to invest both in its technology platform and in sustainability intelligence solutions, and to further global expansion.
ManoMano: $140M
This Series E funding round, led by Temasek, with participation of General Atlantic, Eurazeo, Piton Capital, Bpifrance and Kimset Holdings, brings the total raised over 6 years to $345 Million. Read more.
The Bouqs: $30M
This new funding from strategic investor Yamasa will boost the company's overseas expansion, with the aim to break into Japan's $6 Billion dollar flower market. Read more.
Oviva: $21M
This funding round, led by MTIP wiht participation of EarlyBird, Partech, AlbionVC, F-Prime Capital and Eight Roads Ventures will be used to make their digital treatment for diabetes more widely available. Read more.
Sensome: $9M
The tissue-sensor company welcomes medical device specialist Asahi Intecc as a new investor, announcing a partnership with the company, while existing investors Partech (Paris Saclay Fund) and BNP Paribas Développement participated to the round. Read more.
Eko.ai: $4M
The echocardiography medtech raised this round with Sequoia India, EDBI, Partech, SGInnovate, and Startup Health. Read more.
SUBSCRIBE TO OUR NEWSLETTER
