Partech Brings The Valley’s Venture Philosophy To Continental Europe, Closing $215M

Techcrunch Oct 9
Partech Ventures, a VC firm that operates from offices in Paris, Berlin and Silicon Valley, has closed a total of $215 million for its Partech VI venture fund and a new seed-focused Entrepreneur fund. Partech’s venture fund will be backed by $175 million, with $40 million committed to the seed fund. The Partech VI fund held its first raise back in 2011, when it closed €100 million.
Some 20 French, European and American institutional investors participated in Partech VI’s new round, including prepaid company services Edenred, and retail company Casino Groupe. While the Entrepreneur fund garnered backing from “more than 40 entrepreneurs and personalities” from France and Silicon Valley, along with core backing from the French government’s capital risk investment arm BPI, under its National Seed Fund (FNA); French bank BNP Paribas; and European digital business services group Econocom.
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