Global venture capital firm Partech Partners has closed Partech Africa Fund with EUR125 million (approximately US$143 million) in commitments. Investors in the firm’s inaugural Africa fund include development finance institutions the EIB, IFC, KfW, FMO and AfDB, as well as corporate investors Orange, Edenred, JCDecaux Holding, Bertelsmann, L’Oreal, Axian Group and TEXAF. The fund will primarily invest in Series A and B financing rounds for technology-enabled startups in the education, mobility, finance, delivery and energy sectors in Africa.