FRANCE – Partech, a global technology investment firm, closed Partech Growth II, at €650M (c.$750M).
The fund, closed above its target size, has seen support from 45+ institutional investors, endowments & foundations, pension funds, life insurers, asset managers and fund-of-funds, and 40+ prominent family offices, entrepreneurs, and business angels, from 10 countries in Europe, North America, and Asia.The vehicle will continue to back digitally native scaleups poised to become the next generation of Europe’s Fortune 500, spanning enterprise and SMB software, consumer brands, healthcare, financial services, education, and other frontier technologies. With PG II, the team plans to partner with 12–15 companies, writing check sizes between €20-70m.The fund has already invested in five companies in the Czech Republic, France, the Netherlands and Sweden. They include: Led by General Partners Omri Benayoun and Bruno Crémel, Partech is one of the most active tech investors in the world, bringing together capital, operational experience, and strategic support for entrepreneurs at seed, venture and growth stages. The current portfolio includes 200+ companies in more than 30 countries, of which 12 are valued at more than $1B: Alan, Bolt, Cazoo, Jellysmack, Made.com, ManoMano, People.ai, Rohlik, Sorare, Toss, Wave, Xendit.It has offices in San Francisco, CA, Paris, France, Berlin, Germany, and Dakar, Senegal. 30/11/2021
