Partech launches €360 million venture fund

Venture capital firm Partech has launched a new €360 million fund, Partech Venture, to support European startups.

Partech Venture will invest across four key themes: Application software, deep tech software (data & AI infrastructure, cybersecurity, DevOps), B2B & B2B2C vertical platforms and fintech & insurtech. The fund will lead investment in 22 to 24 Series A / Series B stage European companies which have €1-€10 million in recurring revenue.

Some of the fund backers include Allianz France and BNP Paribas.

“We are essentially keeping the same investment strategy for our venture fund: we will seek to support promising category leaders that are striving for either European dominance or the potential to expand to the US. We have only scratched the surface of the huge market potential arising from the digital transformation of European enterprises and SMBs. European capabilities in creating mission-critical applications for productivity, digital infrastructure, data protection and cyber security, as well as tools that leverage data and AI, have dramatically improved over the last 10 years.” – Reza Malekzadeh, general partner, Partech.