Oversubscribed tech fund hard closes at €400m

By Daniel Lanyon on 10th July 2017

P2P/Marketplace LendingAlternative CreditChallenger Banks

Partech Ventures is looking to tech opportunities in Europe where it is particularly bullish.

Oversubscribed tech fund hard closes at €400m

Partech Ventures is looking to tech opportunities in Europe where it is particularly bullish. 

The Partech International Ventures VII fund has been hard closed at €400m following an oversubscribed round of fundraising.

More than thirty major European and U.S. investors participated alongside other with business angels, entrepreneurs and tech executives. All previous investors renewed their support.   

The fund is positioned for series A or B financing rounds. It has already made nearly ten investments in Europe and the United States, bringing its total investments to one billion euros over the past eighteen months across four funds.

Investments across the Partech platform range from €200K in seed to €40m in growth  an include fintech niches such as blockchain.

The firm is particularly bullish on Europe, believing the continent is primed for strong growth in tech and innovation.

This is due, the firms says, to the emergence of a healthy ecosystem stemming from several major European corporations beginning to reap the rewards of digital transformations. The upshot being that they are making ambitious acquisitions up to hundreds of millions of euros, the firm says.

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