Sh10bn fund targets Kenya tech startups

Partech will provide early-stage growth funding to startups in the region. FILE PHOTO | NMG

Partech Ventures has launched a Sh10 billion ($100 million) investment fund targeting tech startups in Africa, with Kenya being one of the key focus countries.

The venture capital firm said it has so far secured commitments of more than Sh7.2 billion ($70 million) for the Partech Africa fund. Its investors include the International Finance Corporation (IFC), which has put in Sh1.9 billion (15 million euros).

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