Paris-based global technology venture capital firm Partech has launched a new €360 million fund, Partech Venture, to support European startups specialising in mission-critical software, data and fintech.
This initiative follows the success of Partech International Ventures VII, focusing on digital transformation for Enterprises and SMBs.
The fund, led by Philippe Collombel and Reza Malekzadeh, aims to lead investments in 22 to 24 European companies at Series A/B stages, targeting recurring revenues of €1 million to €10 million. It focuses on application software, deep tech, B2B & B2B2C platforms and fintech & insurtech applications.
Partech Venture has already invested in Smartpricing, an Italian firm enhancing hotel revenues through a Revenue Management System.
Half of the fund (€180 million) is already committed by Allianz France and BNP Paribas.
© 2023 funds europe
