L’Oréal participates in Partech Africa’s fund that is expected to reach $122 million

L’Oréal, the French cosmetics group has supported the venture capital firm known as Partech Africa with an undisclosed investment. Partech Africa launched a $122 million fund and has since secured commitments of $70 million 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 intend to invest in startups with solutions to the mobility, supply chain, consumer services, fintech as well as startups that leverage off the informal economy.

 

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