Partech Reloaded: closes second fund at €650 million

With 12 unicorns already in the portfolio, global investment firm Partech has announced the close of their second fund at a healthy €650 million. The reloading of the cannons will be used to continue the firm’s sector-agnostic early to late-stage investments in European scale-ups, with 12-15 investments planned with ticket sizes ranging from €20 to €70 million.

Some impressive numbers indeed; the Partech portfolio includes over 200 companies in some 30+ countries, 83 exits, and as mentioned above 12 unicorns: Alan, Bolt, Cazoo, Jellysmack, Made.com, ManoMano, People.ai, Rohlik, Sorare, Toss, Wave, Xendit.

Not wasting any time, Partech has already fired off a few shots, five in fact, including Prague-based online grocer Rohlik, Parisian online scheduling and personnel management tool Skello, Paris-based D2C fashion brand Rouje, Amsterdam’s 15 million+ student knowledge-sharing platform Studocu, and last, but certainly not least, B2C enterprise customer experience, bill and payment platform, Stockholm-based Billogram.

Partech’s newest ammo arrives via 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.

“We’re humbled and grateful for the support of, and commitment from, our global investors,” commented Partech Growth’s Omri Benayoun. “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.”

And just as a reminder, in what's shaping up to be a year-of-all-years (with $59 billion invested in European startups in just the first half of 2021), Partech's new fund announcement arrives less than two weeks after London's Balderton Capital announced a new $600 million (~€531 million). 2021, hold my beer, 2022 is calling.