Paris-based tech investment firm, Partech, has launched a €360M venture fund. The fund has attracted a diverse range of investors, including sovereign funds and multinational corporations such as Allianz France, BNP Paribas, and Bpifrance. The fund aims to support technology startups and provide them with the necessary capital to grow and scale their businesses.
Partech’s venture fund will focus on investing in early-stage and growth-stage companies in sectors such as fintech, digital health, artificial intelligence, and e-commerce. The firm aims to identify and support startups that have the potential to disrupt traditional industries and create innovative solutions.
The fund’s investors include Allianz France, BNP Paribas, Bpifrance, CDP Venture Capital, Edenred, FDJ Ventures, JCDHolding, and Lombard Odier Investment Managers. These investors bring a wealth of experience and industry knowledge to the fund, which will be invaluable in supporting the growth of the portfolio companies.
Partech has a strong track record in the venture capital industry, having invested in successful startups such as Algolia, Criteo, and Sigfox. The firm’s expertise and network will provide valuable support and guidance to the startups in its portfolio, helping them navigate the challenges of scaling their businesses and attracting further investment.
The launch of Partech’s venture fund comes at a time when the European tech startup ecosystem is thriving. The region has seen a surge in startup activity, with companies such as Deliveroo, Revolut, and UiPath achieving unicorn status. There is a growing appetite for investment in early-stage companies, and Partech’s new fund aims to capitalize on this trend.
Overall, Partech’s €360M venture fund is an exciting development for the European tech startup ecosystem. The fund will provide crucial funding and support to early-stage and growth-stage companies, helping them thrive and succeed in a competitive market. With the backing of prestigious investors and a strong track record in the industry, Partech is well-positioned to identify and nurture the next generation of tech unicorns.
