Technology VC firm, Partech Africa Fund, has established its presence in East Africa setting up its office in Nairobi, Kenya. The firm has other branches in Paris, Berlin, San Francisco and Dakar.
The PAF Nairobi office will be managed by former Fanisi Capital Investment Manager, Ceasar Nyagah.
PAF recently received $143.5 million from an assortment of 40 financial backers such as the European Investment Bank (EIB), IFC, Averroès Finance III, KfW, the German Development Bank, FMO, the Dutch Development Bank and the African Development Bank Group. This makes it the largest VC firm solely dedicated to funding startups.
PAF was launched in January 2018 after receiving $70 million from Orange, Edenred and JCDecaux Holding.
The firm makes series A and B financing rounds in startups within the technology space; particularly in fields like education, mobility, finance, delivery, and energy.