Partech announces second growth fund of €650 million to power the rise of the next European digital leaders

Paris and San Francisco-based Partech has just sealed Partech Growth II at €650 million with a mission to power a new era of European digital leaders.

Despite being a mostly remote fundraise due to the ongoing pandemic, the fund has actually closed above its target size. Its seen support from 45+ institutional investors, endowments & foundations, pension funds, life insurers, asset managers and fund-of-funds, and 40+ prominent family offices, entrepreneurs, and business angels, from 10 countries in Europe, North America, and Asia, reaffirming a deep commitment to the European tech industry for the future.

Omri Benayoun, General Partner at Partech Growth said: “We’re humbled and grateful for the support of, and commitment from, our global investors. It allows us to continue to deliver meaningful and strategic assistance to the outstanding community of European tech entrepreneurs who decide to welcome us on their journey.” 

The fresh capital has already been put to work in five companies across Europe. Prague -based Rohlik which has become one of Europe’s leading online grocery delivery businesses received a funding boost earlier this year. In addition, there is Paris-based online scheduling and personnel management tool Skello; Rouje, also from Paris, which is described as the ultimate French digital native brand of women’s fashion; Amsterdam-headquartered Studocu which is a knowledge-sharing platform; and Stockholm-based Billogram, the integrated customer experience, bill and payment platform for large B2C enterprise.

The global tech investment firm is already a renowned name in the field and already has 12 unicorns in its portfolio. The company plans to continue backing digitally native startups poised to become the next generation of Europe’s Fortune 500, spanning enterprise and SMB software, consumer brands, healthcare, financial services, education, and other frontier technologies. 

With this new funding just launched, the teams also plan to double down on its existing investment strategy and will partner with 12–15 exceptional companies, writing check sizes between €20-70 million.