Partech holds final closing on €400m for seventh VC fund

Alice Tchernookova
10 July 2017

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Partech Ventures has held a final close on the €400m hard-cap for its seventh venture vehicle, Partech International Ventures VII.

The fund represents a significant step up from the GP's previous vehicle, Partech VI, which closed on €130m in 2013.

Since January 2016, Partech reports having closed four funds, completed 110 investments across the EU and the US, and realised 12 exits, including AlephD, TouchCommerce, Teads and Compte Nickel.

Partech's investments are currently overseen by a team of 45 people, including 12 general partners based in San Francisco, Paris and Berlin. Three general partners and a venture partner are based in the firm's US office.

Investors
The vehicle has 30 Europe- and US-based investors, according to Partech. These include business angels, entrepreneurs and tech executives.

In addition, all of Partech's previous investors renewed their support, accounting for around half the fundraise.

Investments
Partech International Ventures VII will mostly focus on series-A and series-B rounds, covering the technology sector for the most part. Investments across the Partech platform range from €200,000 in seed funding up to €40m in growth funding, aiming to meet all types of financing needs for startups, regardless of their development stage.

The fund has already completed 10 investments in Europe and the US, the GP said, including in Chronext, Qapa, Akeneo, A/B Tasty and Rinse.

People
Partech Ventures – Philippe Collombel, Jean-Marc Patouillaud (co-managing partners); Emmanuel Delaveau (business development manager).