
Partech invests €30m in SendinBlue series-A
Partech Ventures has invested $30m in a series-A for SendinBlue, a digital marketing suite for small businesses.
The capital will be used to expand the company's product line and double its workforce by taking on 100 more staff across its offices in Seattle, Paris and in Noida, India.
The French VC has had a prolific 2017, completing 13 deals so far, making it one of the busiest investors on the continent. This is the eighth deal for Partech's €400m Growth Fund, which launched in 2015 has made three investments in the US, two in France, two in the UK and one in Finland.
Partech said B2B software-as-a-service and online brands were the main themes emerging in its portfolio.
Company
Established in 2012, SendinBlue's software-as-a-service product has around 50,000 users. Through its digital marketing services, users can design, send and track integrated campaigns via email and SMS. It is headquartered in Paris and has offices in the US and India.
People
SendinBlue – Armand Thiberge (CEO).
Partech Venture – Mark Menell (general partner).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater