Partech has announced the final closing of its latest Seed Fund, Partech Entrepreneur III, at $100M, investing in post-COVID trends in health, work, commerce, finance, mobility and computing.
Partech says despite the lockdown, the Fund is actively investing in Europe, US and Asia to support seed-stage startups in the reboot of personal and professional after the pandemic.
The Partech Entrepreneur III Fund, with its seed funds exceeding $300M in total and topping 160 investments in 22 countries, invests across all stages of seed, from pre-seed rounds of a few hundred thousand dollars to pre-Series A rounds of several $M, from chips & deep tech to marketplaces.
Investments are focused on 6 verticals revealed and accelerated by the 2020 crisis which include Future of Health, Future of Work, Future of Commerce, Future of Finance, Future of Mobility and Future of Computing.
The Partech seed team syncs up with other top international venture funds for upcoming Series A and B rounds of its Seed Portfolio, and has invested alongside / helped build syndicates with more than 100 other leading Funds, including multiple times with Sequoia, Index, Accel, Bessemer, Greycroft, Khosla Ventures, Kleiner Perkins, Menlo Ventures and NEA.
“The Partech team was there from the beginning to support us from idea to exit. They are great partners for globally minded entrepreneurs. They move quickly to make decisions, helped us navigate critical and strategic decision points in the business. They bring a unique international investing perspective and support network to bear for rapidly scaling companies.” – Sujay Tyle, Co-Founder & CEO of Frontier Car Group Since the beginning of the COVID-19 crisis, Partech Entrepreneur III has closed 8 new investments and committed to 2 more, contributing to a diversified portfolio across the 6 target verticals accelerated by the 2020 crisis:
Partech Entrepreneur III – current portfolio (including 15 unannounced investments) Previously, Partech seed funds (Partech Entrepreneur I and II) have notably been the first to invest in high profile companies such as:
- Aiden.ai (UK) – AI for real-time Marketing Budget optimization – ACQUIRED BY TWITTER
- Dejbox (France) – Lunch delivery platform for employees – ACQUIRED BY CARREFOUR
- Frontier Car Group (US) – C2B Car Marketplace – ACQUIRED BY NASPERS/OLX
- Pricematch (France) – Yield Management SaaS for Hotels – ACQUIRED BY BOOKING.COM
- Streamroot (France) – P2P CDN Platform for Video Streaming – ACQUIRED BY CENTURYLINK
- Alan (France) – Full-stack Health Insurance Platform
- Alkemics (France) – Data Exchange SaaS for FMCG Retailers and Brands
- Bloomon (Netherlands) – Flower subscriptions and in-home deliveries
- Bugcrowd (US) – Crowdsourced cybersecurity
- Cubyn (France) – E-commerce Fulfillment Platform
- Drover (UK) – All-in-one Car Subscription Platform
- Glofox (Ireland) – Fitness Studio Management Platform SaaS
- Holberton School (US) – Next Gen Software Engineering Training
- Jellysmack (US) – Original Video Content for Social Platforms
- Novicap (Spain) – Supply Chain Finance and SME Factoring Marketplace
- Ornikar (France) – Online Driving School
- Oviva (Germany) – Medicalized Nutrition Platform
- Peanut (UK) – Mobile-first Social Network for Moms and Expecting Mothers
- PushDoctor (UK) – Online Medical Consultation Platform
- Resolution Games (Sweden) – AR/VR Gaming Platform
- The Guarantors (US) – Real Estate Insurance Platform
- Xendit (Indonesia) – Cardless payment processing platform for online merchants