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Laxman Pai, Opalesque Asia: Paris-based Partech, a VC firm that invests in Internet and information technology startups at Seed, venture, and growth stages, announced the closing of Partech Growth II fund at €650m ($750m).
The current fund is significantly above the Partech Growth I fund that was raised in 2015 at €400m.
When it comes to the Growth II fund, backing comes from 45 institutional investors, such as endowments, foundations, pension funds, life insurers, asset managers, and fund-of-funds. Around 40 family offices, entrepreneurs, and business angels also participated in the new fund.
The fresh capital has already been put to work in five companies in the Czech Republic, France, the Netherlands, and Sweden, said a press release. They include Rohlik - the Prague-based online grocer with full end-to-end operations including procurement, fulfillment, and last-mile delivery; Paris-based Skello - the online scheduling and personnel management SaaS tool; Paris-based Rouje - the ultimate French digital native brand of women's fashion; the Amsterdam-headquartered Studocu - the knowledge sharing platform used by more than 15 million students in higher education globally; and Stockholm-based Billogram - the integrated customer experience, bill, and payment platform for large B2C enterprise.
"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 ou...................... To view our full article Click here
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