Proparco backs new EmTech venture fund for Francophone Africa
- Proparco has become a key backer of EmergingTech Ventures Fund II.
- The fund targets a close of $60 million, with potential growth to $80 million.
- EmergingTech Ventures Fund II will focus on pre-Series A and Series A companies.
The collaboration between Proparco and EmergingTech Ventures Fund II represents a significant advancement for the tech startup ecosystem in Francophone Africa. It is crucial to continue fostering such partnerships to ensure sustainable growth and innovation in the region, particularly in addressing funding gaps that hinder startup development.
