San Francisco-based Partech, an investment company, has completed its inaugural African fund, Partech Africa, at 125 million euros ($143 million).

Partech Africa’s investors included Orange and L’Oréal, as well as European Investment Bank, KfW, Netherlands Development Finance Company and the African Development Bank Group.

The vehicle, which was oversubscribed, will infuse in Series A and B financing rounds, which may amount between $0.6 million to $6 million per investment.

Partech Africa has already made two investments, that is, in Nigerian mobile business-to-business trade platform TradeDepot and South African financial technology start-up Yoco.