Paris-based Partech, a technology venture firm that invests in seed, venture, and growth stages, announced on Monday that it has closed its fourth Seed fund, Partech Entrepreneur IV, at €120M.
The oversubscribed fund came from leading financial institutions, international organisations, family offices, and 100 entrepreneurs — 35 of them were previously funded by Partech.
What to expect from the fourth fund?
Partech says that the new Partech Entrepreneur IV fund will invest in about 50 founding teams in Europe and globally at the pre-Seed and Seed stages. With initial cheques ranging from €300K to €3M and often reinvesting until Series B, the fund can invest as a lead investor or co-investor thanks to a versatile and collaborative approach.
At Partech, a specialised team of former entrepreneurs from the US and Europe oversees the Seed strategy. Partech mentions the team is not restricting itself to certain markets, sectors, or business models. Romain Lavault, General Partner at Partech, says, “We are convinced that spotting the future leaders of new emerging categories often requires a broad scope and a genuine open-mindedness towards what the most talented Founders come up with.”
Partech says that in order to provide founders and their teams with ‘unmatched resources, reach, and perspective,’ the Partech Seed team combines the knowledge and support of an independent Seed fund with the benefits of the larger Partech platform.
Boris Golden, General Partner at Partech, says, “Backing and working with exceptional founders from the very beginning of their journey is the shared passion – and only focus – of our team. It is, in our experience, a unique craft, requiring stage-specific expertise, commitment and mindset.”
With its previous Seed funds, Partech supported a number of well-known businesses, including Alan, a health insurance and superapp; Sorare, a NFT fantasy sport gaming platform; Jellysmack, a technology platform for creators; Xendit, a South-East Asian digital payment infrastructure; and, Merama, a top Latin American e-commerce aggregator.
Brief about Partech
Born in San Francisco and Paris, Partech claims to be one of the most active tech investors in the world, providing seed, venture, and growth-stage entrepreneurs with capital, operational experience, and strategic support.
The current portfolio consists of 210 firms in over 40 countries, 16 of which are valued at over $1B, including Alan, Jellysmack, ManoMano, Merama, People.ai, Rohlik, SellerX, Sorare, Toss, Wave, Xendit, and Zepz.
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