Partech

Partech closes its second Africa fund at $300M+ to invest from seed to Series C

Pimento turns creative briefs into visual mood boards using generative AI

Pimento is a new French startup that is using generative AI in an interesting way, as the company focuses on the first step of creative processes — ideation, brainstorming and moodboarding. And the

QED and Partech back South African payment orchestration platform Revio in $5.2M seed

The payment landscape in Africa is still fragmented, with several payment operators providing different payment options to customers as well as businesses. Due to this fragmentation, payment failures

Prolific raises $32M to train and stress-test AI models using its network of 120K people

AI, when it works well, can feel like magic, but all too often AI-based systems don’t work as they should: If the data used to train models is not deep, wide and reliable enough, any kind of cur

Memfault raises $24M to help companies manage their growing IoT device fleets

At the same time Internet of Things (IoT) devices and embedded software are becoming more complex, manufacturers are looking for ways to effectively manage the increasing volume of edge hardware. Acco

Partech raises fourth seed fund

French VC firm Partech has closed another seed fund dedicated to early-stage tech startups — the fund is called Partech Entrepreneur IV. This time, Partech has raised €120 million. It represents

Easop helps you grant equity to international employees

Meet Easop, a new software-as-a-service startup that helps companies manage equity incentives for employees across multiple countries. Easop works particularly well with startups that want to hire rem

As the global venture capital market slows, Africa charts its own course

Experts say that most recent deals were finalized months before macroeconomic challenges hit the global VC landscape. This means there’s a lag in what’s reported as the current state of VC in Afri

Platform.sh secures $140M for web app development tools

The growing complexity of web infrastructure is a challenge that many organizations face today. When building and deploying web apps, IT teams must grapple with an array of choices, from selecting whi

IFC set to invest $26M in Partech’s Africa Fund II

The International Finance Corporation (IFC), the private sector arm of the World Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by th

Maze raises $40M to help facilitate software product research

Product research generally involves determining whether an idea for a new product might be successful and how to best develop and sell that product. It’s a straightforward process, in theory, bu

Pandas wants to give Latin American businesses buying power in Asia

Pandas connects Latin America's small businesses directly with Asian manufacturers to reduce logistical problems and high fees often imposed by importers and intermediaries.

Payroll provider Symmetrical.ai nabs $18.5M to streamline employee payouts

Symmetrical.ai, a payroll tech provider, today announced that it raised $18.5 million in financing led by Target Global with participation from Global Founders Capital, Finch Capital, Partech, Market

No signs of a slowdown in Africa’s tech funding, data show

African startups had a solid Q1 2022 in terms of VC investment, both in dollars and deal volume. This is news in itself, but even more so amid declines in venture funding to the U.S., Asia, and LatAm.

Wale Ayeni, head of VC investments for IFC in Africa, Middle East and Central Asia, is leaving the firm

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

In Africa and the Middle East, most companies in the freight industry still use old-fashioned methods such as spreadsheets, phone calls and emails to manage their shipments. They are electronic yet ma

Daily Crunch: IBM sells off Watson Health unit to private equity firm Francisco Partners

I normally try to bring some pep to my little intros in this missive. But today I am going to avoid astruturning my own mood to simply say, hey, what's up with the stock market?

Paris-based VC firm Partech unveils Chapter54 accelerator to help European startups cross into Africa

Partech Shaker, the innovation division of the Paris-based VC firm Partech, has launched an accelerator program christened Chapter54 to help European startups launch in African markets. The accelerato

Partech raises $750 million growth fund

Paris-based VC firm Partech has announced the closing of the fundraising of its new growth fund, Partech Growth II, managing to raise $750 million. Partech Growth I was a smaller fund with €400 mill

Crossing Minds brings in new capital to provide recommendations that don’t require identifiable information

Up to 60% of consumers are often new users of a shopping or media site, so that “cold start” can be a problem in terms of recommendations.
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