Key Points:
- Venture capital firm Partech has launched a new €360 million fund, Partech Venture, to support European startups.
- The fund will invest in four key themes: application software, deep tech software, B2B & B2B2C vertical platforms, and fintech & insurtech.
- The fund will lead investment in 22 to 24 Series A / Series B stage European companies with €1-€10 million in recurring revenue.
- Some of the fund backers include Allianz France and BNP Paribas.
Venture capital firm Partech has announced the launch of a new €360 million fund, called Partech Venture, which aims to support European startups. The fund will focus on investing in companies in four key areas: application software, deep tech software (including data & AI infrastructure, cybersecurity, and DevOps), B2B & B2B2C vertical platforms, and fintech & insurtech.
The fund plans to lead investments in 22 to 24 Series A / Series B stage European companies, which have between €1-€10 million in recurring revenue. By investing at this stage, Partech Venture aims to provide capital to companies that have already demonstrated market traction and are ready to scale.
Among the backers of the fund are Allianz France and BNP Paribas, demonstrating the interest and support from major players in the financial industry. These partnerships may also provide strategic advantages for the portfolio companies of Partech Venture.
In a statement, Reza Malekzadeh, general partner at Partech, emphasized the potential for European startups to dominate their respective markets and expand globally. He highlighted the advancements in European capabilities in areas including productivity, digital infrastructure, data protection and cyber security, as well as data and AI tools.
This launch of Partech Venture further highlights the growing interest in funding and supporting European startups. With the backing of major financial institutions, the fund is well-positioned to identify promising companies and provide the necessary capital for growth.
In conclusion, Partech Venture’s new €360 million fund aims to support European startups in key areas such as application software, deep tech software, B2B & B2B2C vertical platforms, and fintech & insurtech. By investing in companies at the Series A / Series B stage, the fund aims to provide the necessary capital for growth and scale. With backing from major financial institutions, Partech Venture is well-positioned to identify and support promising companies in Europe.
