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Draft:Partech

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Introduction

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Partech is a global technology investment firm headquartered in Paris, France. The firm manages over €2.5 billion in assets[1] and invests across seed, venture, and growth stages. Partech operates offices in Berlin, San Francisco, Dakar, Lagos, Nairobi, and Dubai, supporting a portfolio of companies active in over 40 countries across four continents.

History

Partech was founded in 1982 in San Francisco as the corporate venture arm of Paribas Bank, originally named Paribas Technologies.[2] It soon became an independent venture capital firm and in 1996 it established a European presence with the opening of its Paris office. In 2008, the firm was acquired by two of its managing partners, Jean-Marc Patouillaud and Philippe Collombel.[3] Since then, Partech has expanded its geographic and investment scope, launching several funds targeting companies from early-stage startups to late-stage scale-ups.

Investment Strategies

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Seed Funds

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Partech’s seed-stage strategy, known as Partech Entrepreneur, invests in early-stage technology companies. The most recent seed fund, Partech Entrepreneur IV, closed in December 2022 with €120 million in commitments.[4] Notable portfolio companies from this strategy include Alan[5], a digital health insurer, and Quibim[6], a medical imaging company.

Venture Funds

Partech's venture strategy focuses on Series A and B investments in high-growth companies with scalable business models.[7] The most recent vehicle, Partech Venture, was announced in 2023 with a target of €360 million.[8] Portfolio companies include ManoMano[9], an e-commerce platform for home improvement, and Fresha[10], a business platform for wellness services.

Africa Funds

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Launched in 2018, Partech Africa focuses on technology companies operating across the African continent. The firm closed its second Africa-focused fund, Partech Africa II, in 2024 at €280 million.[11] Investments include fintech platforms such as Wave[12] and small business service providers like Yoco.[13]

Growth Funds

Partech Growth supports later-stage companies with established traction. Partech Growth II closed in 2023 with €650 million in capital.[14] The strategy has backed companies such as Prolific,[15] a participant research platform, and Amboss,[16] a medical knowledge resource.

Impact Fund

Launched in 2023, the Partech Impact Fund invests in European companies addressing environmental and social challenges through technology. The fund closed with €300 million in commitments.[17] Portfolio companies include SustainCERT, which verifies climate impact claims,[18] and Gireve, a platform for electric vehicle charging infrastructure.[19]

References

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  1. ^ Singh, Vishal (5 December 2023). "Partech launches Growth Impact Fund; backs Luxembourg's climate verifier SustainCERT". Silicon Canals.
  2. ^ Chabal, Audrey (10 July 2017). "Partech Ventures Devient Un Grand Du Capital-Risque". Forbes France.
  3. ^ Butcher, Mike (22 July 2008). "Partech heads MBO as European VC scene shifts again". TechCrunch.
  4. ^ Dillet, Romain (5 December 2022). "Partech raises fourth seed fund". TechCrunch.
  5. ^ Agnew, Harriet (10 April 2018). "Index Ventures backs French health insurance start-up". Financial Times.
  6. ^ Musgrove, Annie (22 July 2020). "Spanish medtech startup QUIBIM scores €8 million for AI platform that detects diseases, including COVID-19". Tech EU.
  7. ^ Ram, Aliya (10 July 2017). "Partech Ventures raises €400m fund for European and US start-ups". Financial Times.
  8. ^ Prabhu, Abhinaya (15 December 2023). "Partech announces €360M fund locked and loaded, Smartpricing bags first investment in €13M funding round". Tech Funding News.
  9. ^ Williams-Grut, Oscar (11 September 2017). "B&Q beware — French DIY marketplace ManoMano raises €60 million and sets sights on UK". Business Insider.
  10. ^ Lunden, Ingrid (13 December 2021). "Fresha, a business platform for salons, spas and beauty and wellness pros, extends Series C by $52.5M at a $640M+ valuation". TechCrunch.
  11. ^ Kene-Okafor, Tage (19 February 2024). "Partech closes its second Africa fund at $300M+ to invest from seed to Series C". TechCrunch.
  12. ^ Kene-Okafor, Tage (6 September 2021). "Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation". TechCrunch.
  13. ^ Shapshak, Toby (6 September 2018). "Fintech Whizz Yoco Raises Further $16 Million After Tripling Users". Forbes.
  14. ^ Dimri, Akansha (30 November 2021). "Partech closes second growth fund at $750M to support European digital leaders". Tech Funding News.
  15. ^ Lunden, Ingrid (11 July 2023). "Prolific raises $32M to train and stress-test AI models using its network of 120K people". TechCrunch.
  16. ^ O'Hear, Steve (30 September 2019). "Amboss, the knowledge platform for medical professionals, scores €30M Series B". TechCrunch.
  17. ^ Singh, Vishal (5 December 2023). "Partech launches Growth Impact Fund; backs Luxembourg's climate verifier SustainCERT". Silicon Canals.
  18. ^ Alston, Fiona (7 June 2023). "SustainCERT raises $37 million to take climate impact verification platform global". Tech EU.
  19. ^ De Marzo, Stefano (3 June 2024). "Paris-based Gireve raises €20 million to consolidate as a global leader in EV charging". EU Startups.

4ème fonds d'amorçage pour Partech, qui réunit 120 millions d’euros pour soutenir 50 projets

Partech raises fourth seed fund

Partech closes fourth fund for global pre-seed and seed companies with €120m

Partech parcels €120 million in fourth seed fund

Lancement de la huitième génération du fonds historique de Partech

Partech announces €360M fund locked and loaded, Smartpricing bags first investment in €13M funding round

Afrique francophone, Europe… Les fonds de capital-risque français s'exportent enfin

Partech’s record $300 million Africa-focused fund reaches final close despite global funding dip

Partech a 660 millions d’euros en poche pour porter "la prochaine génération du Fortune 500"

Partech dope sa capacité à investir de 650 millions d'euros

Partech raises $750 million growth fund

Partech closes second growth fund at $750M to support European digital leaders