Paris-based VC Partech has announced a new $100 million fund, Partech Entrepreneur III, for seed-stage investments in post-COVID trends in health, work, commerce, finance, mobility and computing. Forty investments have already been made, including ten since the start of the pandemic.
The team of ten, working from Paris as well as San Francisco, Berlin and Dakar, is focusing on early-stage startups in Europe, the US and Asia. Amsterdam-based Kaizo as well as Berlin’s CoachHub and Upvest are just a few of the new fund’s portfolio companies. Fifteen recent investments have yet to be announced.
The fund’s size allows for follow-on minority investments in Series A and Series B rounds, as the firm has done with its previous two funds. Partech claims its seed portfolio companies have gone on to raise $1.5 billion, with 20 initial public offerings and over 50 strategic exits above $100 million.