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Partech Newsletter: €32M for our portfolio champions and a new African startup!
May 3, 2018
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In April, after the Founders summit, we buckled down to business as usual. We are already busy planning new events for our founders. The next one being an event on e-commerce and marketplaces which will be held on June the 5th.
We also announced the first investment of our Partech Africa fund: TradeDepot a Nigeria-based startup that offers an integrated SaaS platform for Consumer Goods distribution in emerging markets.
Cyril Collon and Tidjane Dème, General Partners of the fund, said they couldn't be happier to have TradeDepot as the first investment of our African fund, as "it characterizes what we want to do in Africa in the coming years: support extraordinary entrepreneurs who leverage tech to solve pan-African problems". You’ll find more details in their blogpost.
And the ink is still wet on this one! Portfolio startup Streamroot announced today a partnership with TF1 Group, the leading private-sector unencrypted broadcaster in France: TF1 Group has chosen Streamroot’s patented technology to deliver its online video content. Huge congratulations to the team!
Have a cool May!
The Partech Team
€32M raised by our portfolio companies
- Alan raised €23M ($28.3M) to reach 100,000 covered users within three years, grow the team to 80 employees by the end of 2018 and build its services.
- Holberton School raised €6.8M ($8.2M) in a Series A round. The San Francisco-based college alternative for training full-stack software engineers has recently relocated in San Francisco, from 4,000 square feet of space to 28,000, and has further expansion plans.
- TradeDepot raised €2.5M ($3M) to digitize FMCG distribution in Africa and emerging markets. The Nigerian startup has developed a 360-degree solution integrating all participants in the trade value chain: manufacturers, distributors and retailers.