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Since 2018, Eurazeo has backed 2 African startups across 5 disclosed funding rounds totaling $473M, most heavily in Côte d'Ivoire and Quick Commerce.
Eurazeo is a leading global investment group and private markets asset manager headquartered in Paris, France, with additional offices in Europe and Asia. Through its private equity, private debt, real estate, and infrastructure strategies, Eurazeo manages a diversified portfolio of assets and supports companies at various stages of their development. In Africa, Eurazeo has invested in high growth technology enabled businesses across quick commerce and travel and mobility. Between 2018 and 2019, the firm participated in multiple funding rounds from Series C to Series E for Glovo in Kenya, supporting the expansion of its on demand delivery platform for food, groceries, and everyday essentials. Over the same period, Eurazeo joined Series B funding rounds for Heetch in Algeria, backing its ride hailing service focused on professional drivers and fair driver commissions. These transactions illustrate Eurazeo’s ability to lead and participate in later stage growth rounds, with a geographic focus in Kenya and Algeria and a sector focus on quick commerce and urban mobility. Across its global platform, Eurazeo combines capital, strategic guidance, and operational support to help portfolio companies scale responsibly and accelerate their growth. Its work with Glovo and Heetch in Africa reflects a broader commitment to supporting innovative digital services that improve everyday life and transportation access in key urban markets.
Data updated · Sep 17, 2026
Eurazeo has backed 2 African startups across 5 disclosed funding rounds tracked on Liners, totaling $473M since 2018.
Mostly Series B: 2 of its 5 tracked rounds are at that stage, followed by Series E (1).
Companies Eurazeo has backed operate in Côte d'Ivoire (5), Kenya (3), Morocco (3), and 7 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Quick Commerce (3), Travel & Mobility (2).
Eurazeo most often shares rounds with Lakestar (2 shared deals), Drake Star (2 shared deals), Via ID (2 shared deals).
Eurazeo is a global investment group and private markets asset manager headquartered in Paris, France. It manages diversified assets through private equity, private debt, real estate, and infrastructure strategies, supporting companies at different stages of growth.
Eurazeo has participated in five recorded funding rounds in Africa between January 2018 and December 2019, totaling approximately 473 million dollars. These include multiple rounds in Glovo and Heetch, often alongside other institutional co investors, which reflects Eurazeo’s role in sizable syndicated growth financing rounds.