Partech, a global technology investment firm with offices in Paris, Berlin, San Francisco, and Dakar, has closed its Fourth Seed fund at €120 million (~$124 million).
The fund, which has seen support from financial institutions, multinational corporations, family offices, and entrepreneurs, will be used to back around 50 founding teams at the pre-seed and seed stages in Europe and across the globe.
As for verticals and geographies, Partech doesn’t have any specific industry, market or model in mind. It is an opportunistic seed fund mostly focused on Europe, with some investments in the U.S. and Southeast Asia.
Partech will invest as a lead investor or co-investor, with initial checks ranging from €300K to €3M, and typically reinvest until Series B. The seed strategy at Partech is managed by a team of former entrepreneurs from Europe and the US.
The firm's current portfolio includes 210 companies in 40 countries 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.