Partech, a Paris, France- Berlin, Germany- San Francisco, CA- and Dakar, Senegal-based technology investment firm, closed its Fourth Seed fund, at €120M.
The fund has seen support from financial institutions, multinational corporations, family offices and 100 entrepreneurs – of which 35 were themselves funded by Partech in the past.
Partech Entrepreneur IV will back around 50 founding teams in Europe and across the globe, at pre-seed and seed stage. It can invest as a lead investor or co-investor, with initial checks from €300K to €3M, and typically reinvest until Series B.
The seed strategy at Partech is managed by a dedicated team of former entrepreneurs from Europe and the US. With its past Seed funds, the firm backed a range of companies such as Alan, the health insurance & superapp, Sorare, the NFT fantasy sport gaming platform, Jellysmack, the technology platform for creators, Xendit, the digital payment infrastructure for South-East Asia, and Merama, an e-commerce aggregator in Latin America.
The current portfolio includes 210 companies in 40 countries.