Partech Ventures raises 400 million euros

by bold-lichterman

The French fund Partech Ventures has just raised 400 million euros for its fund Partech International Ventures VII intended to invest in European and American technology start-ups. The latter has already made ten investments in Europe and the United States, notably in Qapa and A / B Tasty. This is the fourth fundraiser for Partech Ventures in 18 months.

This fund is supported by European Investment Fund, a public-private partnership within the European Union, and Bpifrance. Around thirty European and American investors, such as L’Oréal, Accenture, Nokia, Renault and Adecco, have invested in the fund Partech International Ventures VII.

1.2 billion euros in assets managed by Partech

Two-thirds of the investments of this new fund will be devoted to European start-ups that develop emerging technologies such as virtual reality, blockchain or even drones. The rest will be injected into start-ups based in Silicon Valley, where Partech Ventures has an office in San Francisco. The transatlantic fund also has offices in Paris and Berlin. Nowadays, Partech Ventures manages 1.2 billion euros in assets.

Partech Ventures was not the only venture capital firm to raise several million euros in recent months. Last February, the Londoner Atomico raised 765 million dollars for the creation of his Atomico IV fund, which aims to finance European and foreign companies. Most recently, in June, Brent Hoberman, co-founder of Lastminute.com, launched a $ 60 million seed fund to support European nuggets.

Partech Ventures is headed by Philippe Colombel

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