11.8 C
New York
Thursday, June 17, 2021
HomeTrendsPartech raises $100 million seed fund

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.

See also  Apple reportedly bought Silk Labs, a maker of privacy-focused AI for devices
See also  TartanSense Secures Rs 15 crore from Blume Ventures

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

partech raises 100 million seed fund

Source: TechCrunch



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

%d bloggers like this: