Ethiopian based startup Gebeya has raised US$2-million from Partech and Orange Digital Ventures. Gebeya is an edutech company that has provided tech and software development training to individuals in Ethiopia, Kenya and Senegal. The company was established in 2016 by Amadou Daffe and Hiruy Amanuel and has expanded its presence in Africa due to a successful placement of its trainees. The funding raised will be used to expand its operations into West Africa.
Partech Africa launched a US$122-million fund from among others Averroes Finance, European Investment Bank (EIB) and the International Finance Corporation (IFC). The fund is managed by Cyril Collon and Tidjane Dème who invest in startups with solutions to the mobility, supply chain, consumer services, fintech as well as startups that leverage off the informal economy.
Orange Digital Ventures invests in entrepreneurs from around the world whose ambition is to imagine, design and develop tomorrow’s services and technologies. The company ranks among the major venture capital firms in Europe and Africa with a fund size of €150-million.