Skip to content

Partech closes third seed fund at $100 million to target post-COVID innovations

Partech has closed its third seed fund as the venture capital firm seeks to expand investments across a range of sectors it believes will be even more critical in the wake of the coronavirus.

The fund, Partech Entrepreneur III, will back companies in areas such as health, work, commerce, finance, mobility, and AI. Partech has continued investing during the lockdown period in companies based in Europe, the U.S., and Asia.

In a press release, the firm said it believes the lockdowns will accelerate many of the digitization trends already happening in health care and work. Startups, rather than large companies with legacy businesses, will be in a better position to leverage these emerging trends, according to Partech.

Partech is a global investment firm. While the bulk of its partners and operations are in Paris, it also has offices in San Francisco, Berlin, and Dakar. The firm has $1.5 billion under management and makes investments that range from $200,000 to $50 million.

At the seed stage, the firm has more than $300 million in assets, and has made more than 160 investments in 22 countries. Within the seed stage, Partech differentiates between smaller investments in pre-seed rounds up to larger investments in pre-Series A rounds.

During the coronavirus lockdown, the firm reported that it has invested in 8 startups and has committed to 2 more.

Comments

Latest

Clément Jeanjean (left), Senior Director at SandboxAQ, and Duncan Jones, Head of Cybersecurity at Quantinuum.

Post-Quantum Cybersecurity: Are We Too Early or Too Late?

As quantum computers accelerate toward breaking current encryption, experts reveal most organizations are dangerously behind on preparation for a threat that could be harvesting encrypted data right now.

Members Public
Quandela clean room. Photo by Cyril Marcilhacy of Agence Oblique.

How Quandela Is Racing To Make Quantum Computing Practical

While quantum computing giants build massive and costly systems, Quandela Co-Founder and COO Valérian Giesz explains why the French startup's photonic approach is more efficient. Quandela has already sold quantum computers to European clients and is partnering with NVIDIA on AI integration.

Members Public