French VC firm Partech Ventures announced that they closed their seed fund of $ 107 million (€one hundred million) for early stage startups. Partech Entrepreneur II is focusing on seed rounds, and the firm plans to invest in 80 different startups.
The firm already introduced the advent of the seed fund 18 months in the past. at the time, Partech had $ 65 million (€60 million) below administration. So it looks like the corporate signed just a few more LPs to spend money on extra firms.
Partech has already been slightly energetic in the case of seed rounds in Paris and all over the world. The firm closed its preliminary $ 32 million (€30 million) seed fund in 2013 and has been investing with Partech Entrepreneur II for a while. overall, the agency has invested in 50 completely different corporations across eight completely different international locations with this most contemporary seed fund.
Partech also has growth money and partners have a tendency to take a position at more than a few stage of the lifetime of a startup. Portfolio companies embody Hyperloop applied sciences, Alan, Sketchfab, Lima, Streamroot and more.
these days’s seed fund is backed through a variety of entrepreneurs who are giving again via investing in the fund. Portfolio firms could faucet into this community for advice and connections. It’s a excellent sign that Partech managed to raise a 2d seed fund as that’s how challenge firms can preserve doing investments through the years.
Startups – TechCrunch