The Fourth Seed Fund of Partech, a multinational technology investment company with locations in Paris, Berlin, San Francisco, and Dakar, has closed at a value of €120 million (about $124 million).
Around 50 founding teams in the pre-seed and seed phases will get support from the fund, which has received backing from financial institutions, global organizations, family offices, and business owners in Europe and other parts of the world.
Partech doesn't have a certain sector, market, or business strategy in mind when it comes to verticals and regions. It is an opportunistic seed fund that invests mostly in Europe, with a little amount in the United States and Southeast Asia.
The seed strategy at Partech is overseen by a group of previous entrepreneurs from Europe and the US, with initial checks ranging from €300K to €3M and often reinvesting until Series B.
210 businesses from 40 different countries are currently part of the firm's portfolio, including the health insurance and super-app Alan, the NFT fantasy sports gaming platform Sorare, the technology platform for creators Jellysmack, the digital payment infrastructure for South-East Asia in the form of Xendit, and the e-commerce aggregator Merama in Latin America.
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