L’Oréal Invests in the Fund Partech Africa

21 Sep 2018

Clichy, September 2018: L'Oréal announces today an investment in the fund Partech Africa, an investment fund launched early 2018 within Partech, and dedicated to the development of "Tech" projects in Africa.

This investment is an addition to L’Oréal’s previous investments in venture capital funds (Partech International Ventures, Founders Factory, Raise Investissement).

L’Oréal will thus be able to forge partnerships with start-ups and entrepreneurs active in the development of innovative products and services that facilitate access to consumers located in remote areas or informal environments.

“With Partech Africa, we want to support these talented entrepreneurs who invent new technological uses in all areas, distribution and consumption,” said Alexandre Popoff, Executive Vice-President Eastern Europe and Africa, Middle East. “L’Oréal is very happy to contribute to the development of young companies in Africa and to seize what is starting.”

To read more, please click here.

-END-

Contact:

Jean Régis Carof: jean-regis.carof@loreal.com, + 33 (0)1.47.56.83.02

Françoise Lauvin: francoise.lauvin@loreal.com, +33 (0)1.47.56.86.82

Anne-Laure Richard: annelaure.richard@loreal.com, + 33 (0)1 47. 56. 80. 68

« Back to Member News

Institutional Investors believe in the long-term attractiveness of African PE - especially when compared to develop… https://t.co/TPoVK6lC6I

RT @CDCgroup: We're very happy to announce that we'll soon be welcoming our first Chief Impact Officer. Liz Lloyd CBE will lead a team of 5…

RT @Mkessome: Global private equity managers are ready to double down on their African investments https://t.co/LzuDaoOPHa via @qzafrica @a…

@Mkessome @AVCA_Africa CEO, moderated a panel discussing the role of private equity in Africa growth story… https://t.co/JJZnU4Ko3l

@Mkessome @AVCA_Africa CEO, shared insight alongside @OMFIF @IFC_org @LeapFrogInvest @meridiam_news and SI Capital… https://t.co/UUxUiAkWxc

;