{"id":19953,"date":"2013-10-08T09:40:50","date_gmt":"2013-10-08T07:40:50","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=19953"},"modified":"2013-10-08T09:40:50","modified_gmt":"2013-10-08T07:40:50","slug":"partech-raises-a-7th-fund-of-e160-million-eyes-on-europe-early-stage","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2013\/10\/partech-raises-a-7th-fund-of-e160-million-eyes-on-europe-early-stage\/","title":{"rendered":"Partech raises 7th fund of \u20ac160 Million; French VCs now have \u20ac1 Billion+ to invest in startups"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignright size-full wp-image-19958\" alt=\"logo\" src=\"https:\/\/www.rudebaguette.com\/assets\/logo11-e1381217910822.png\" width=\"302\" height=\"52\" \/>Partech International, a VC fund with roots in France, Germany &amp; the Silicon Valley, has closed its seventh fund with \u20ac160 Million, <a href=\"http:\/\/www.lesechos.fr\/entreprises-secteurs\/tech-medias\/actu\/0203050450710-partech-etend-son-empire-en-levant-160-millions-d-euros-614771.php?xtor=RSS-2004\" target=\"_blank\" rel=\"noopener\">Les Echos<\/a>[fr]\u00a0reported this week. \u20ac30 Million of that fund will go to &#8220;Partech Entrepreneur&#8221; an early stage fund that will break the mold of most of Partech&#8217;s investments, which usually sit in the Series B range and have never gone below \u20ac2 Million. The seed investments are expected to reach anywhere from \u20ac200K-500K, with Partech&#8217;s Philippe Collombel noting that the investments will mostly be in the team.<\/p>\n<p>Partech&#8217;s most recent \u20ac100 Million fund was raised in just 2011; however, a large majority of that fund has already been invested in companies like Total Immersion, Qapa, Sensee, Sigfox &amp; <a title=\"Scoop.it scoops up $2.6M in kerosene along with YouSendIt\u2019s Andrew Federici as VP of Monetization\" href=\"https:\/\/www.rudebaguette.com\/2013\/07\/31\/scoop-it-scoops-up-2-6m\/\">most recently Scoop.it<\/a>. Partech is just the latest in a series of French funds to raise a new fund, underscoring the healthy venture ecosystem that France has built up for itself:<\/p>\n<p>%CODERUDEINFOVC%<\/p>\n<p>Nearly every VC fund in France has closed a new round in the past 13 months; the exception perhaps being Xange, though <a title=\"Adobe snatches up French marketing platform Neolane for $600M\" href=\"https:\/\/www.rudebaguette.com\/2013\/06\/28\/adobe-snatches-up-french-marketing-platform-neolane-for-600m\/\">their recent exit with Neolane to Adobe for $600M<\/a>\u00a0should take care of any fundraising issues.<\/p>\n<p>By my count, there is now well over \u20ac1 Billion under management by active French VCs investing in French startups. That&#8217;s not counting Balderton Capital, Index Ventures, Point Nine Capital, and the scores of other VCs trying to get deal-flow in France.<\/p>\n<p><em>SEE:\u00a0<a href=\"https:\/\/www.rudebaguette.com\/2013\/03\/08\/alven-capital-iv\/\">Alven Capital close to closing their 120 million euro fourth fund<\/a><\/em><\/p>\n<p><em>SEE:\u00a0<a title=\"ISAI closes its \u20ac50 Million Expansion fund for acquisitions, buy-outs &amp; growth\" href=\"https:\/\/www.rudebaguette.com\/2013\/09\/02\/isai-closes-its-e50-million-expansion-fund-for-acquisitions-buy-outs-growth\/\">ISAI raised \u20ac50 Million Expansion fund<\/a><\/em><\/p>\n<p><em>SEE:\u00a0<a href=\"https:\/\/www.rudebaguette.com\/2012\/10\/29\/elaia-partners-alpha-fund-seed-stage\/\">Elaia Partners closes \u20ac40 Million Alpha Fund<\/a><\/em><\/p>\n<p><em>SEE:\u00a0<a href=\"\/2012\/09\/17\/ventech-breathes-new-air-with-a-new-e75-million-fund\/\">Ventech breathes new air with new \u20ac75 Million fund<\/a><\/em><\/p>\n<p><em>SEE:\u00a0<a href=\"https:\/\/www.rudebaguette.com\/2012\/10\/31\/360-capital-new-fund\/\">360\u00b0 Capital Partners closes long awaited new fund<\/a><\/em><\/p>\n<p><em>SEE:\u00a0<a href=\"http:\/\/www.pehub.com\/2013\/07\/02\/idinvest-partners-closes-senior-debt-fund\/?utm_source=dlvr.it&amp;utm_medium=twitter\" target=\"_blank\" rel=\"noopener\">IDInvest closes Second Senior Debt fund; exceeds 250M\u20ac<\/a>\u00a0(PeHub)<\/em><\/p>\n<p><em>SEE: <a title=\"On the back of a successful first fund, Serena Capital announces a second \u20ac100 Million fund\" href=\"https:\/\/www.rudebaguette.com\/2013\/09\/16\/serena-capital-100-million-fund\/\">On the back of a successful first fund, Serena Capital announces a second \u20ac100 Million fund<br \/>\n<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partech International, a VC fund with roots in France, Germany &amp; the Silicon Valley, has closed its seventh fund with \u20ac160 Million, Les Echos[fr]\u00a0reported this week. \u20ac30 Million of that fund will go to &#8220;Partech Entrepreneur&#8221; an early stage fund that will break the mold of most of Partech&#8217;s investments, which usually sit in the<\/p>\n","protected":false},"author":77,"featured_media":19957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[10563],"tags":[],"class_list":["post-19953","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/19953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=19953"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/19953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/19957"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=19953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=19953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=19953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}