Skip to main content

Partech raises $100 million seed fund

VC firm Partech has raised a new fund focused on seed investments. Named Partech Entrepreneur III, it is the third seed fund from the VC firm. Partech announced the final closing of its previous seed fund in December 2016.

The firm is looking for companies at the very early stage, from pre-seed to pre-Series A. Partech can invest as little as a few hundred thousands dollars and up to several million dollars depending on the stage of the startup. If the startup is doing well, Partech wants to be able to invest again in follow-on Series A and B rounds.

Partech is focused on six verticals in particular — health, work, commerce, finance, mobility and computing. While it is quite broad, the firm now has a team of 10 investors dedicated to the seed funds. They’re based in Paris, San Francisco and Berlin.

Over the years, Partech has closed 160 investments in 22 countries through its three seed funds. The VC firm manages a community of 400 founders who can give some feedback, make some introductions and help portfolio companies in general. A third of those founders are limited partners in Partech’s seed funds.

Out of those 160 seed investments, 17% of those startups have at least one female co-founder. Over the past two years alone, 29% of Partech-backed startups had a female co-founder at the seed level.

Partech has been raising this fund for a while, which means that it has already invested some of its fund. The firm has invested in 40 startups through the new fund, including 10 startups since the beginning of the coronavirus-related economic crisis.

Previous Partech seed investments include Aiden.ai, Dejbox, Frontier Car Group, Pricematch, Streamroot, Alan, etc.



from TechCrunch https://ift.tt/2W5cmdd
via IFTTT

Comments

Popular posts from this blog

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to  The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —  Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...