Paris-based Partech, a VC firm that invests in Internet and information technology startups at Seed, venture, and growth stages, announced the closing of Partech Growth II fund at €650M. The current fund is significantly above the Partech Growth I fund that was raised in 2015 at €400M.
Investors
Despite a remote fundraise due to the pandemic, the fund was backed by more than 45 institutional investors, endowments & foundations, pension funds, life insurers, asset managers and fund-of-funds, and 40+ prominent family offices, entrepreneurs, and business angels, from 10 countries in Europe, North America, and Asia.