HomeFrance-StartupsPartech announces a new €100 million venture fund for European and Silicon...

Partech announces a new €100 million venture fund for European and Silicon Valley startups

Partech International has just announced the first close of its new €100 million venture fund, Partech International VI. Dedicated to internet services and informationtechnology, Partech International VI will primarily focus on investing in startups from Europe and Silicon Valley with a high growth potential.

Partech, which is headquartered in Paris, achieved a total of eight exits in 2011, including one IPO (InvenSense – NYSE INVN), and seven trade sales (notably Brands4Friends to eBay, Dailymotion to Orange, Inquira to Oracle, Digitick to Vivendi and JobPartners to Taleo).

Partech’s new fund has attracted both existing and new investors. These investors include leading institutions such as CDC Entreprises, CNP (Caisse Nationale de Prévoyance), CM-CIC, Idinvest, as well as the EIF (European Investment Fund) and AG2R La Mondiale. In addition, Edenred, a world leader in prepaid corporate services, has also joined as an investor, and will provide Partech with its business expertise.

Partech-International-site

Philippe Collombel, Partner at Partech, explained: “…We have achieved an ambitious first close and it is now very likely that we will exceed our original target. A €120 million – €140 million fund will be the ideal size in order to implement our focused international strategy”.

Partech also consolidates its position as a leading international venture fund with the promotion of Andreas Schlenker to Partner, thereby joining Philippe Collombel (Paris), Nicolas El Baze (Silicon Valley) and Jean-Marc Patouillaud (Paris).

“Andreas has already been instrumental in establishing our presence in Germany. We expect him to further strengthen our position in a geography of strategic importance to us,” said Nicolas El Baze, Partner at Partech.

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).
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