Partech Ventures raises €400m warchest to invest in innovative tech start-ups

Over the past 18 months, the global venture capital firm has invested nearly £1bn in tech entrepreneurs who are "shaping the future of major industries"

Venture capital (VC) giant Partech Ventures has raised a €400m warchest to invest in innovative tech start-ups.

The Partech International Ventures VII fund has been backed by thirty major European and U.S. investors along with business angels, entrepreneurs and tech executives – including the European Investment Fund.

The transatlantic fund is designed for Series A and Series B rounds, with two-thirds of investments scheduled to focus on European start-ups who are “shaping the future of major industries” – while the remaining third will be used to back start-ups in Silicon Valley.

Such “major industries” include software and cloud computing, artificial intelligence, consumer electronics, robots and components, industry of the future, virtual reality, blockchain, drones, mobility, cybersecurity, networks and infrastructure.

Investments across the Partech platform have ranged from from €200,000 in seed to €40m in growth and are designed to meet all the financial needs of recipients – regardless of development stage.

Based in San Francisco, Paris, and Berlin, a recent article by the Financial Times has revealed the global VC was heavily considering opening a London office, until the UK voting to leave the European Union created too many uncertainties.

Over the past 18 months, Partech Ventures has invested nearly £1bn in tech entrepreneurs and just last week it participated in a funding round which saw healthtech start-up PushDoctor raise £26.1m.

Despite the political and economic uncertainty caused by the UK decision to leave the European Union, London remains Europe's number one tech hub for investment according to a recent report by London & Partners.

In the survey, it was revealed that VCs have invested more than £1.1bn into the capital’s tech start-ups in the last six months alone – with the UK receiving £1.3bn in total between January and June 2017.


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