Partech
@partechpartners.com
A global tech investment firm headquartered in Paris with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco
Cc @MarieBenrubi | @SabrineChahrour | @tidjanedeme | @LewamKefela I @matthieumrch | @IsabelleTresson (5/5)
February 2, 2026 at 8:30 AM
Cc @MarieBenrubi | @SabrineChahrour | @tidjanedeme | @LewamKefela I @matthieumrch | @IsabelleTresson (5/5)
...but capital allocation remains structurally uneven.
Where do you see the biggest bottleneck today for female founders in Africa: access, scale, or capital structure?
🤓Dive deeper into the data in the full report here and let’s hear your take: partechpartners.com/africa-repor... (4/5)
Where do you see the biggest bottleneck today for female founders in Africa: access, scale, or capital structure?
🤓Dive deeper into the data in the full report here and let’s hear your take: partechpartners.com/africa-repor... (4/5)
2025 Africa Tech Venture Capital
Partech is a global investment platform for tech and digital companies, led by ex-entrepreneurs and operators of the industry spread across offices in San Francisco, Paris, Berlin and Dakar. Partech…
partechpartners.com
February 2, 2026 at 8:30 AM
...but capital allocation remains structurally uneven.
Where do you see the biggest bottleneck today for female founders in Africa: access, scale, or capital structure?
🤓Dive deeper into the data in the full report here and let’s hear your take: partechpartners.com/africa-repor... (4/5)
Where do you see the biggest bottleneck today for female founders in Africa: access, scale, or capital structure?
🤓Dive deeper into the data in the full report here and let’s hear your take: partechpartners.com/africa-repor... (4/5)
...large transactions.
One data point says it all: Female-founded startups represented 19% of equity deals, yet captured only 10% of total equity capital in 2025.
There are signs of progress, narrowing capital gaps, stronger sectoral pockets, and growing debt access,... (3/5)
One data point says it all: Female-founded startups represented 19% of equity deals, yet captured only 10% of total equity capital in 2025.
There are signs of progress, narrowing capital gaps, stronger sectoral pockets, and growing debt access,... (3/5)
February 2, 2026 at 8:30 AM
...large transactions.
One data point says it all: Female-founded startups represented 19% of equity deals, yet captured only 10% of total equity capital in 2025.
There are signs of progress, narrowing capital gaps, stronger sectoral pockets, and growing debt access,... (3/5)
One data point says it all: Female-founded startups represented 19% of equity deals, yet captured only 10% of total equity capital in 2025.
There are signs of progress, narrowing capital gaps, stronger sectoral pockets, and growing debt access,... (3/5)
...headlines suggest:
- Female-founded startups increased deal activity across both equity and debt.
- Equity gains remained concentrated in a handful of markets and sectors.
- Debt financing emerged as a meaningful growth lever, but still relied heavily on a few... (2/5)
- Female-founded startups increased deal activity across both equity and debt.
- Equity gains remained concentrated in a handful of markets and sectors.
- Debt financing emerged as a meaningful growth lever, but still relied heavily on a few... (2/5)
February 2, 2026 at 8:30 AM
...headlines suggest:
- Female-founded startups increased deal activity across both equity and debt.
- Equity gains remained concentrated in a handful of markets and sectors.
- Debt financing emerged as a meaningful growth lever, but still relied heavily on a few... (2/5)
- Female-founded startups increased deal activity across both equity and debt.
- Equity gains remained concentrated in a handful of markets and sectors.
- Debt financing emerged as a meaningful growth lever, but still relied heavily on a few... (2/5)
...across sectors, debt is reinforcing depth in a smaller set of scalable, cash-generative verticals. Together, they point to an ecosystem that is maturing unevenly, but decisively.
👉Find out more about these sector shifts in the full report here: partechpartners.com/africa-repor... (8/8)
👉Find out more about these sector shifts in the full report here: partechpartners.com/africa-repor... (8/8)
2025 Africa Tech Venture Capital
Partech is a global investment platform for tech and digital companies, led by ex-entrepreneurs and operators of the industry spread across offices in San Francisco, Paris, Berlin and Dakar. Partech…
partechpartners.com
January 30, 2026 at 8:30 AM
...across sectors, debt is reinforcing depth in a smaller set of scalable, cash-generative verticals. Together, they point to an ecosystem that is maturing unevenly, but decisively.
👉Find out more about these sector shifts in the full report here: partechpartners.com/africa-repor... (8/8)
👉Find out more about these sector shifts in the full report here: partechpartners.com/africa-repor... (8/8)
...debt’s expansion is structural but not broad‑based.
Overall, debt scaled in mature, cash‑flow‑predictable verticals, while remaining peripheral in most early‑stage or less monetized sectors.
Together, these trends highlight that while equity is enabling breadth... (7/8)
Overall, debt scaled in mature, cash‑flow‑predictable verticals, while remaining peripheral in most early‑stage or less monetized sectors.
Together, these trends highlight that while equity is enabling breadth... (7/8)
January 30, 2026 at 8:30 AM
...debt’s expansion is structural but not broad‑based.
Overall, debt scaled in mature, cash‑flow‑predictable verticals, while remaining peripheral in most early‑stage or less monetized sectors.
Together, these trends highlight that while equity is enabling breadth... (7/8)
Overall, debt scaled in mature, cash‑flow‑predictable verticals, while remaining peripheral in most early‑stage or less monetized sectors.
Together, these trends highlight that while equity is enabling breadth... (7/8)
...funding and confirming debt as a core instrument for scaled Fintech operators.
- Beyond the top 3 (Fintech, Cleantech, Mobility), debt volumes drop sharply, with Enterprise, Commerce, Agritech, and Healthtech all experiencing significant YoY declines, confirming that... (6/8)
- Beyond the top 3 (Fintech, Cleantech, Mobility), debt volumes drop sharply, with Enterprise, Commerce, Agritech, and Healthtech all experiencing significant YoY declines, confirming that... (6/8)
January 30, 2026 at 8:30 AM
...funding and confirming debt as a core instrument for scaled Fintech operators.
- Beyond the top 3 (Fintech, Cleantech, Mobility), debt volumes drop sharply, with Enterprise, Commerce, Agritech, and Healthtech all experiencing significant YoY declines, confirming that... (6/8)
- Beyond the top 3 (Fintech, Cleantech, Mobility), debt volumes drop sharply, with Enterprise, Commerce, Agritech, and Healthtech all experiencing significant YoY declines, confirming that... (6/8)
...landscape, where capital allocation is increasingly spread across capital-intensive and later-stage sectors, rather than concentrated in a single dominant vertical.
💳 Debt:
- Fintech remained the #1 debt sector with $716M, representing 44% of all debt... (5/8)
💳 Debt:
- Fintech remained the #1 debt sector with $716M, representing 44% of all debt... (5/8)
January 30, 2026 at 8:30 AM
...landscape, where capital allocation is increasingly spread across capital-intensive and later-stage sectors, rather than concentrated in a single dominant vertical.
💳 Debt:
- Fintech remained the #1 debt sector with $716M, representing 44% of all debt... (5/8)
💳 Debt:
- Fintech remained the #1 debt sector with $716M, representing 44% of all debt... (5/8)
...(+232% YoY), and Enterprise (+55% YoY) absorbed a growing share of equity capital, marking the first year since 2021–2022 that multiple non-Fintech sectors each exceeded $200M in annual equity funding.
Overall, 2025 reflects a more diversified and maturing equity... (4/8)
Overall, 2025 reflects a more diversified and maturing equity... (4/8)
January 30, 2026 at 8:30 AM
...(+232% YoY), and Enterprise (+55% YoY) absorbed a growing share of equity capital, marking the first year since 2021–2022 that multiple non-Fintech sectors each exceeded $200M in annual equity funding.
Overall, 2025 reflects a more diversified and maturing equity... (4/8)
Overall, 2025 reflects a more diversified and maturing equity... (4/8)
...played out separately for equity & debt financing:
📈 Equity:
- Fintech continued to dominate Africa's tech ecosystem with $769M, equivalent to 32% of total equity funding, even though its share declined sharply from 2024.
- Cleantech (+186% YoY), Healtech... (3/8)
📈 Equity:
- Fintech continued to dominate Africa's tech ecosystem with $769M, equivalent to 32% of total equity funding, even though its share declined sharply from 2024.
- Cleantech (+186% YoY), Healtech... (3/8)
January 30, 2026 at 8:30 AM
...played out separately for equity & debt financing:
📈 Equity:
- Fintech continued to dominate Africa's tech ecosystem with $769M, equivalent to 32% of total equity funding, even though its share declined sharply from 2024.
- Cleantech (+186% YoY), Healtech... (3/8)
📈 Equity:
- Fintech continued to dominate Africa's tech ecosystem with $769M, equivalent to 32% of total equity funding, even though its share declined sharply from 2024.
- Cleantech (+186% YoY), Healtech... (3/8)
...which together raised nearly US$2.7B across equity & debt. Meanwhile, Enterprise, E/M/S Commerce, and Healthtech each surpassed $200M in annual funding, highlighting renewed investor confidence across a broader set of verticals.
Here’s how these sector dynamics... (2/8)
Here’s how these sector dynamics... (2/8)
January 30, 2026 at 8:30 AM
...which together raised nearly US$2.7B across equity & debt. Meanwhile, Enterprise, E/M/S Commerce, and Healthtech each surpassed $200M in annual funding, highlighting renewed investor confidence across a broader set of verticals.
Here’s how these sector dynamics... (2/8)
Here’s how these sector dynamics... (2/8)
The takeaway is clear: equity continues to reconcentrate within Africa’s most mature VC hubs, while debt is scaling through a smaller set of structurally-capable markets and pan-African operators.
👉 Read more in the full report here: partechpartners.com/africa-repor... (8/8)
👉 Read more in the full report here: partechpartners.com/africa-repor... (8/8)
partechpartners.com
January 28, 2026 at 8:30 AM
The takeaway is clear: equity continues to reconcentrate within Africa’s most mature VC hubs, while debt is scaling through a smaller set of structurally-capable markets and pan-African operators.
👉 Read more in the full report here: partechpartners.com/africa-repor... (8/8)
👉 Read more in the full report here: partechpartners.com/africa-repor... (8/8)
...volumes.
- Egypt recorded the highest number of debt deals in 2025, with 20 transactions.
- Pan-African companies accounted for a meaningful share of debt activity in 2025 with a +382% increase in debt volumes and a doubling of deal count. (7/8)
- Egypt recorded the highest number of debt deals in 2025, with 20 transactions.
- Pan-African companies accounted for a meaningful share of debt activity in 2025 with a +382% increase in debt volumes and a doubling of deal count. (7/8)
January 28, 2026 at 8:30 AM
...volumes.
- Egypt recorded the highest number of debt deals in 2025, with 20 transactions.
- Pan-African companies accounted for a meaningful share of debt activity in 2025 with a +382% increase in debt volumes and a doubling of deal count. (7/8)
- Egypt recorded the highest number of debt deals in 2025, with 20 transactions.
- Pan-African companies accounted for a meaningful share of debt activity in 2025 with a +382% increase in debt volumes and a doubling of deal count. (7/8)
...$139M, despite recording only 2 debt transactions.
- Beyond these markets, debt funding dropped sharply: countries such as Côte d’Ivoire, Tanzania, and Morocco demonstrated episodic or early-stage debt usage, while the remainder of the continent recorded marginal... (6/8)
- Beyond these markets, debt funding dropped sharply: countries such as Côte d’Ivoire, Tanzania, and Morocco demonstrated episodic or early-stage debt usage, while the remainder of the continent recorded marginal... (6/8)
January 28, 2026 at 8:30 AM
...$139M, despite recording only 2 debt transactions.
- Beyond these markets, debt funding dropped sharply: countries such as Côte d’Ivoire, Tanzania, and Morocco demonstrated episodic or early-stage debt usage, while the remainder of the continent recorded marginal... (6/8)
- Beyond these markets, debt funding dropped sharply: countries such as Côte d’Ivoire, Tanzania, and Morocco demonstrated episodic or early-stage debt usage, while the remainder of the continent recorded marginal... (6/8)
...Africa's debt market, with $498M raised in 2025, representing a substantial 30% of total debt funding.
- This is more than twice the volume recorded in Egypt, the second-largest market at $246M.
- A notable outlier is Senegal, which ranked #4 by debt volume with... (5/8)
- This is more than twice the volume recorded in Egypt, the second-largest market at $246M.
- A notable outlier is Senegal, which ranked #4 by debt volume with... (5/8)
January 28, 2026 at 8:30 AM
...Africa's debt market, with $498M raised in 2025, representing a substantial 30% of total debt funding.
- This is more than twice the volume recorded in Egypt, the second-largest market at $246M.
- A notable outlier is Senegal, which ranked #4 by debt volume with... (5/8)
- This is more than twice the volume recorded in Egypt, the second-largest market at $246M.
- A notable outlier is Senegal, which ranked #4 by debt volume with... (5/8)
...threshold in 2025.
- In 2025, Francophone African countries accounted for 68% of total equity funding volume outside the top 4, up from 55% in 2024.
💳 Debt (2025):
- Kenya, Egypt and Nigeria accounted for 55% of total debt capital deployed.
- Kenya led... (4/8)
- In 2025, Francophone African countries accounted for 68% of total equity funding volume outside the top 4, up from 55% in 2024.
💳 Debt (2025):
- Kenya, Egypt and Nigeria accounted for 55% of total debt capital deployed.
- Kenya led... (4/8)
January 28, 2026 at 8:30 AM
...threshold in 2025.
- In 2025, Francophone African countries accounted for 68% of total equity funding volume outside the top 4, up from 55% in 2024.
💳 Debt (2025):
- Kenya, Egypt and Nigeria accounted for 55% of total debt capital deployed.
- Kenya led... (4/8)
- In 2025, Francophone African countries accounted for 68% of total equity funding volume outside the top 4, up from 55% in 2024.
💳 Debt (2025):
- Kenya, Egypt and Nigeria accounted for 55% of total debt capital deployed.
- Kenya led... (4/8)
...and Egypt), capturing 81% of total equity funding (vs 67% in 2024).
- South Africa reclaimed leadership in both equity funding ($643M) and equity deal count (85).
- Kenya ranked #2 by equity funding in 2025 ($539M), supported by a sharp rebound in... (3/8)
- South Africa reclaimed leadership in both equity funding ($643M) and equity deal count (85).
- Kenya ranked #2 by equity funding in 2025 ($539M), supported by a sharp rebound in... (3/8)
January 28, 2026 at 8:30 AM
...and Egypt), capturing 81% of total equity funding (vs 67% in 2024).
- South Africa reclaimed leadership in both equity funding ($643M) and equity deal count (85).
- Kenya ranked #2 by equity funding in 2025 ($539M), supported by a sharp rebound in... (3/8)
- South Africa reclaimed leadership in both equity funding ($643M) and equity deal count (85).
- Kenya ranked #2 by equity funding in 2025 ($539M), supported by a sharp rebound in... (3/8)
Here’s what the data shows:
By total funding raised (equity & debt), Kenya ranked first in 2025 with U$1.04B, followed by South Africa ($715M), Egypt ($604M), and Nigeria ($572M).
📈 Equity:
- Capital refocused in the top 4 hubs (South Africa, Kenya, Nigeria,... (2/8)
By total funding raised (equity & debt), Kenya ranked first in 2025 with U$1.04B, followed by South Africa ($715M), Egypt ($604M), and Nigeria ($572M).
📈 Equity:
- Capital refocused in the top 4 hubs (South Africa, Kenya, Nigeria,... (2/8)
January 28, 2026 at 8:30 AM
Here’s what the data shows:
By total funding raised (equity & debt), Kenya ranked first in 2025 with U$1.04B, followed by South Africa ($715M), Egypt ($604M), and Nigeria ($572M).
📈 Equity:
- Capital refocused in the top 4 hubs (South Africa, Kenya, Nigeria,... (2/8)
By total funding raised (equity & debt), Kenya ranked first in 2025 with U$1.04B, followed by South Africa ($715M), Egypt ($604M), and Nigeria ($572M).
📈 Equity:
- Capital refocused in the top 4 hubs (South Africa, Kenya, Nigeria,... (2/8)
👉 Read our full 2025 Africa Report here: partechpartners.com/africa-repor...
January 26, 2026 at 8:47 AM
👉 Read our full 2025 Africa Report here: partechpartners.com/africa-repor...
...of it: applied AI embedded in real-economy use cases, where execution matters more than capital intensity. (6/6)
January 26, 2026 at 8:30 AM
...of it: applied AI embedded in real-economy use cases, where execution matters more than capital intensity. (6/6)
This contrast points to a structural difference. Global VC growth in 2025 was concentration-led, while Africa expanded through distributed deployment and stable deal activity.
Africa is not “missing” the AI cycle. The continent is participating in a different layer... (5/6)
Africa is not “missing” the AI cycle. The continent is participating in a different layer... (5/6)
January 26, 2026 at 8:30 AM
This contrast points to a structural difference. Global VC growth in 2025 was concentration-led, while Africa expanded through distributed deployment and stable deal activity.
Africa is not “missing” the AI cycle. The continent is participating in a different layer... (5/6)
Africa is not “missing” the AI cycle. The continent is participating in a different layer... (5/6)
...across 462 equity rounds
- Capital deployed across hundreds of transactions, not a single theme
- Only 15% of capital deployed in $100M+ rounds
- Deal activity remained stable, with no contraction masked by a single theme
- No multi-billion-dollar rounds (4/6)
- Capital deployed across hundreds of transactions, not a single theme
- Only 15% of capital deployed in $100M+ rounds
- Deal activity remained stable, with no contraction masked by a single theme
- No multi-billion-dollar rounds (4/6)
January 26, 2026 at 8:30 AM
...across 462 equity rounds
- Capital deployed across hundreds of transactions, not a single theme
- Only 15% of capital deployed in $100M+ rounds
- Deal activity remained stable, with no contraction masked by a single theme
- No multi-billion-dollar rounds (4/6)
- Capital deployed across hundreds of transactions, not a single theme
- Only 15% of capital deployed in $100M+ rounds
- Deal activity remained stable, with no contraction masked by a single theme
- No multi-billion-dollar rounds (4/6)