Venture Capital firm and previous investor in African startups such as Kudi, Terrapay, Gebeya, etc. Partech has announced the final closing of its latest Seed Fund, Partech Entrepreneur III, at $100M, investing in post-COVID trends in health, work, commerce, finance, mobility and computing.
The VC said despite the lockdown, the Fund is actively investing in Europe, US and Asia to support seed-stage startups in the reboot of what our personal and professional lives will look like in years ahead.
Here Is What You Need To Know
- With the Partech Entrepreneur III Fund, Partech is now one of the largest seed investors around the globe, with its seed funds exceeding $300M in total and topping 160 investments in 22 countries across Europe, US and Asia. Partech seed funds are run by a dedicated team of 10 investors made of former founders and startup employees, located in San Francisco, Paris and Berlin.
- Partech invests across all stages of seed, from pre-seed rounds of a few hundred thousand dollars to pre-Series A rounds of several $M, from chips & deep tech to marketplaces. Investments are focused on 6 verticals revealed and accelerated by the 2020 crisis:
- Future of Health: Personalized, Online, AI-assisted
- Future of Work: Remote, Collaborative, Continuous education
- Future of Commerce: Software-enabled, Social, Instant
- Future of Finance: API-based, Data-driven, Decentralized
- Future of Mobility: Autonomous, Multimodal, On-demand
- Future of Computing: Edge, AI, Wireless
- Partech seed funds are large by design, so as to be able to invest pro-rata (or more) in follow-on Series A and B rounds led by other Funds. After 18 months from the initial Partech investment, 2/3 of companies have either raised Series A, or been acquired at a higher valuation. They have raised more than $1.5B in follow-on money as of today.
Partech’s Investment Checklist
For founders, that means being able to check off or address all the items on this list:
- Communicating to customers about business and safety in coronavirus times
- Reassuring employees
- Keeping a lid on costs
- Quickly nailing available loans and financing
- How long did it take to stabilise your company after the pandemic hit your part of the world?
- What do you think needs to change at your company after Covid-19?
- What’s different in your market now?