Paris, Apr. 4 2017
Universal retail banking fintech Compte-Nickel signs a partnership agreeme..Learn more
Universal retail banking fintech Compte-Nickel signs a partnership agreement for the acquisition of 95% of its shares by BNP Paribas.Paris, Apr. 4 2017
Universal retail banking fintech Compte-Nickel signs a partnership agreement for the acquisition of 95% of its shares by BNP Paribas.
The French fintech company, which has developed a unique universal offering for current account and payment services in real-time, has succeeded in creating more than 540.000 bank accounts in three years. Its partnership with BNP Paribas will help it accelerate new customer acquisition, with a target of two million accounts open by 2020. Compte Nickel has been supported by Partech Ventures since 2015 and by Eight Roads Ventures since 2016.
Since 2015, Partech Ventures has been attracted by the complementary expertise of Compte-Nickel’s founders Ryad Boulanouar and Hugues Le Bret, and especially by the social inclusion dimension of their project. From the beginning Compte-Nickel went against the mdel of most of most retails banks in the fintech sector, which were often pure-players which betting on the conversion of pre-qualified users into customers.
“The intuition of the founders, their understanding of an unexplored opportunity in the French banking sector, and the way they have managed to deploy their operations is impressive. Compte-Nickel has been the fastest growing retail banking fintech in Europe and it has overcome the most difficult barrier to entry in this sector, customer trust, without any marketing investment”, said Philippe Collombel, Co-Managing Partner, Partech Ventures.
“Compte-Nickel is not a company, it’s a movement which is changing the face of banking in France. It has been an honour to work with a fintech company that seeks to bank the many rather than the few, using a model that other countries could learn from. This news shows great foresight by BNP Paribas and we wish the Compte-Nickel team all the best for the future” added Davor Hebel, Managing Partner, Eight Roads Ventures Europe.
“Partech Ventures was the first VC to believe in Compte-Nickel: the team have supported us since September 2015 and accompanied us in all strategic decisions, including when they introduced us to the BNP Paribas group. They also introduced us to Arnaud Giraudon who became the Managing Director of the company”, commented Hugues Le Bret, President of Financière des Paiements Electroniques (Compte-Nickel).
Only a few days after the announcement of the Altice acquisition of Teads (also supported by Partech Ventures), this latest development takes place within a European scene that seems more and more mature in the development of synergies and convergences of all types between startups and large corporates.
Paris, Mar. 20 2017
American accelerator Techstars is coming to Paris in partnership with Air ..Learn more
American accelerator Techstars is coming to Paris in partnership with Air Liquide, Groupama Group, FDJ, Groupe Renault and TotalParis, Mar. 20 2017
American accelerator Techstars is coming to Paris in partnership with Air Liquide, Groupama Group, FDJ, Groupe Renault and Total
With already 27 accelerators in the US, Europe and Africa, Techstars, the most prestigious startup accelerator, is now coming to Paris. Techstars will move into the Partech Shaker, the startup campus founded by the Venture Capital firm Partech Ventures.
For its arrival in the French capital, Techstars has received active support from Air Liquide, Groupama group, FDJ, Renault and its subsidiary RCI Bank and Services, and Total, and will be joined by one or two additional partners by the summer.
Techstars and Partech have known each other for quite a few years, and share a taste for discovering new tech talents and supporting entrepreneurs by connecting them with other entrepreneurs, helping them to grow more quickly. It was only natural for them to work together for Techstars’ arrival in Paris, a city with some 12,000 startups and which this year is confirming its status as the tech capital of Europe.
“Techstars helps entrepreneurs succeed and we’re excited to launch our first accelerator in France. We are incredibly thankful to Partech for their role in helping to bring Techstars to Paris. Techstars has gotten to know Partech over the last several years through mutual co-investments and a partnership between Techstars NYC and Partech’s international startup campus based in Paris, the Partech Shaker.” says Bertier Luyt, Managing Director of Techstars Paris.
“We share with Techstars our passion for supporting the most ambitious entrepreneurs from their beginnings through to their transformation. This is what we have done for the past three years, providing support from the very first financing rounds of incredible adventures such as next-generation insurance Alan, the ApolloShield anti-drone system, the blockchain revolution for banking access in developing countries with Atlas.money, operation of autonomous vehicles with BestMile, ecommerce delivery by drones in 10 minutes with Flirtey, connected medicine with Push Doctor, virtual reality with Resolution Games, and even the flying water taxis from SeaBubble,” explains Romain Lavault, General Partner at Partech Ventures.
THIRTEEN WEEKS TO GROW… WITH THE BEST MENTORS
Techstars is deploying its 13-week accelerator program supported by its experienced teams as well as by the most prestigious mentors, including William Shu, founder of Deliveroo, Mike Hudack, Product Director at Facebook and Nuno Simaria, CTO at HelloFresh.
More than 1,000 international startups have already benefitted from this unique, highly selective mentoring program. Less than 1% of applications are accepted. Techstars alumni companies bear witness to the program’s quality, having already raised over $3 billion after completing the program. Techstars accelerator portfolio is $7.8 billion.
The first class of Techstars Paris will settle into the Partech Shaker in September 2017. Interested startups can apply to join the program on the Techstars website. In addition to applications expected in Paris, the program will also draw from the Startup Weekends which have already brought out nearly 210,000 entrepreneurs in 135 countries and from the network of the 27 Techstars accelerators on both sides of the Atlantic.
“The Techstars team is looking forward to meeting the best of the French and European tech scenes, and in September welcoming the startups to the Partech Shaker for a first high-caliber season,” says Bertier Luyt, Managing Director of Techstars Paris.
THE PARTECH SHAKER: A HIGH-TECH SETTING FOR THE BEST INTERNATIONAL STARTUPS
In 2016, the Partech Shaker, Partech’s flagship intended to support entrepreneurs, launched the Europe Made Easy program to help foreign tech companies set up a base in France and expand their activity in France and/or in Europe. Since then, England-based Made.com and the American company Etsy have added themselves to the list of residents among twenty or so startups including Dropbox, Hired, Influans and Pinterest.
“Hosting Techstars at the Partech Shaker is in line with our approach of creating an international entrepreneurial ecosystem in the heart of Paris. Techstars will bring the best startups, both French and international, to the Partech Shaker. It is also a way to offer valuable connections to the startups that we support, and to enrich our network of mentors. Techstars and Partech share the same values based around one concept: #EntrepreneursFirst,” explains Marie Raichvarg, Managing Director of the Partech Shaker.
Press contactsAntidox - UK Florence Naillat Partech Ventures - USA Stéphanie Rhumeur Antidox - France Alexis Bollaert Piabo - Germany Andreas Krönke
Paris, Feb. 8 2017
Karen Noel, Partner at Gide, joins Partech Ventures as General Partner, Le..Learn more
Karen Noel, Partner at Gide, joins Partech Ventures as General Partner, Legal & OperationsParis, Feb. 8 2017
Karen Noel, Partner at Gide, joins Partech Ventures as General Partner, Legal & Operations
Karen was admitted to the Paris Bar in 1998. A Partner at Gide Loyrette Nouel until 2016, she was one of the leaders in venture capital operations in digital and life sciences in France, Europe and the United States, in addition to providing consulting services for entrepreneurs and investment funds.
Karen has played a decisive role in numerous recent financing rounds and IPOs in new technologies. She has advised JP Morgan, Citigroup and William Blair during Talend’s debut on the Nasdaq, after having provided support for the IPOs of Gensight and Cerenis Therapeutics on Euronext, as well as DBV Technologies’ listing on the Nasdaq. She also advised Vestiaire Collective during its last financing round of 58 million euros, as well as MedDay Pharmaceuticals in its latest 34 million euro round. The numerous funds that she has regularly supported include Versant Ventures and Sofinnova Partners. Karen was already very close to Partech, having advised the seed and venture capital funds during investments in ManoMano, Teads, Sigfox, Lendix and LaFourchette.
“Partech Ventures has rapidly become one of the most active European VCs. Its investment capacity, the number of deals each year and its international base give it a global perspective and agility that are unrivalled on the market,” explains Karen Noël, General Partner, Legal & Operations at Partech Ventures.
Karen’s arrival is part of Partech’s multi-stage international development strategy that Partech has been pursuing for several years. Its portfolio currently includes more than 130 companies in 15 countries. Partech strives to provide its portfolio entrepreneurs – regardless of maturity – with unique resources for accelerating their global growth.
“We believe that Karen Noël is the best expert in France on tech deals. We are thrilled about her arrival, which is a great vote of confidence in Partech’s growth strategy and the efforts that we undertake every day to support our entrepreneurs,” says Philippe Collombel, Co-Managing Partner of Partech.
To accelerate the growth of its global platform, Partech Ventures has surrounded itself since 2013 with the best talents in each field. The partnership was opened to 10 General Partners in the company’s three offices in San Francisco, Paris and Berlin.
“Partech has been significantly strengthened in 2016 with the appointment of two new General Partners: Emmanuel Delaveau in charge of business development, who brings his great knowledge of international investors, and Reza Malekzadeh in Venture, who provides his expertise in infrastructure and software companies in the Silicon Valley. Karen now joins as a Partner and will give us an additional advantage to help further establish our leadership,” says Jean-Marc Patouillaud, Co-Managing Partner of Partech.
Paris - New York, Dec. 14 2016
EcoVadis Raises €30m To Radically Expand Its Leadership In Global Supply..Learn more
EcoVadis Raises €30m To Radically Expand Its Leadership In Global Supply Chain Sustainability RatingsParis - New York, Dec. 14 2016
Funding from Partech Ventures Will Enable EcoVadis to Meet Immense Market Demands for Sustainability and Supplier Risk Mitigation
EcoVadis, the leading platform for environmental, social and ethical performance ratings for global supply chains, servicing over 30,000 customers in 110 countries, today announced its first institutional funding led by Partech Ventures, the global VC firm operating from San Francisco, Paris and Berlin.
The company, which employs 320 professionals worldwide, has been growing organically by 50% annually since inception 10 years ago. Its ratings and scorecards are being used by 150+ of the world’s largest supply chains representing more than $1 trillion in annual procurement spend.
This minority investment is the first outside capital for EcoVadis since its founding in 2007. It will be used to accelerate worldwide adoption of EcoVadis’ supplier Corporate Social Responsibility (CSR) ratings, to advance the reliability and value delivered in its ratings, and to further invest in core technologies of its platform, through in-house R&D and partnerships with best-of-breed tech start-ups.
“As a transatlantic investment fund, Partech is the ideal partner as we scale,” said Frederic Trinel, Co-CEO of EcoVadis. “Their team brings global expertise with a strong presence in the US, a deep understanding of tech and a passion for driving performance. This pivotal investment will empower our team to accelerate R&D and enhance our proprietary technology with the latest innovations in machine learning and natural language processing while broadening our expertise in CSR analysis to foster environmental, social and ethical performance improvement at a global scale.”
“Consumers, citizens and investors are all demanding that companies adopt and demonstrate sustainable practices to improve their environmental and social impact. EcoVadis makes that happen across global supply chains,” said Omri Benayoun, General Partner of Partech Ventures. “We are extremely proud to partner with Pierre-François and Frédéric. These outstanding entrepreneurs are defining the global standard for supplier sustainability ratings” adds Bruno Cremel, General Partner of Partech Ventures.
“Companies rely on EcoVadis to ensure resilience of supply chains but also drive change in sustainability, social and human rights practices”, said Pierre-Francois Thaler, co-CEO of EcoVadis. “We now want to step up the impact of our collaborative platform to drive more improvements in the future.”
“Within this decade, business leaders know they must make radical shifts to remain competitive in increasingly socially-sensitive markets — and to address the formidable challenges facing our planet,” said John Elkington, Chairman of Volans, the U.K.-based global sustainability consulting firm, and EcoVadis advisory board member. “It’s exciting to see the EcoVadis ratings and platform going mainstream – with growing potential to become the preferred enabler of business and market transformation for the two million businesses operating in global supply chains.”
Press contactsAntidox - UK Florence Naillat Partech Ventures - USA Stéphanie Rhumeur EcoVadis David McClintock
EcoVadis is the first collaborative platform providing sustainability ratings and performance improvement tools for global supply chains. EcoVadis' easy-to-use CSR scorecards help companies to monitor suppliers' environmental, ethical, and social practices across 150 purchasing categories and 110 countries. Over 150 industry leaders such as Nestlé, GSK, Heineken, Michelin, Johnson & Johnson, Schneider Electric, l’Oréal, BASF, and Subway, and over 30,000 of their trading partners use EcoVadis to reduce risk and drive sustainability and innovation.http://www.ecovadis.com
Paris, Dec. 6 2016
Partech Ventures strengthens its transatlantic seed strategy with €100 m..Learn more
Partech Ventures strengthens its transatlantic seed strategy with €100 million for its Partech Entrepreneur II fundParis, Dec. 6 2016
The fund will finance around 80 seed stage European and US start-ups. It comes with a unique service offering that provides entrepreneurs with access to an excellent network of expertise and business contacts
Partech Ventures, a VC firm, has announced the closing of its latest seed fund Partech Entrepreneur II. At € 100 million, the fund was oversubscribed above the initial target of €80 million. This new fund will pursue the pan-European and transatlantic seed strategy that has been successfully implemented since the launch of Partech Entrepreneur I in 2013, a 30-million-euro fund.
Over the past eighteen months, the investment team, made up of former entrepreneurs located in the San Francisco, Paris and Berlin offices, has made more than fifty investments between the United States and seven European countries. This investment pace makes Partech Entrepreneur II the most active private seed fund in Europe.
The very broad sourcing (3,000 start-ups sourced every year in more than 15 countries) allows the team to identify the best talents in the most advanced technologies, as well as in highly innovative areas in which few VCs have started to invest globally. For example, Hyperloop (supersonic train) and Flirtey (drones) in the logistics of the future; Push Doctor (remote consultation) and Alan (first health insurance accredited in France in 30 years) in new generation healthcare; Resolution Games (from the creator of Candy Crush) and Sketchfab in virtual reality; Lima and Streamroot in the P2P infrastructure; Monax and Atlas in the Blockchain Revolution; Ascend Loan and Novicap in Fintech; Bugcrowd and Idecsi in cyber security; Influans and Madkudu in smart CRM; Plae and Lesara in new e-commerce models, etc.
The fund’s investors include 90 entrepreneurs and business angels, as well as senior executives from prominent tech groups (Twitter, Microsoft, Apple, Oracle, Dropbox, etc.) who bring their experience and networks to support portfolio companies. For example, Laurent Delaporte, CEO of NetMediaEurope and former VP Advertising EMEA at Microsoft, comments: “Joining Partech as an investor gave me the opportunity to finance some of the adtech companies in the portfolio, like AlephD”.
The companies financed by the fund join a community of more than 130 start-ups in Partech’s portfolio across all continents. They also benefit from a unique business development program, drawing upon an exclusive network of more than 20 European and US multinationals in all industries, as well as numerous partners for operations and technology (Google, IBM, Amazon, etc.)
This network of entrepreneurs and partners enables Partech to foster international expansion, which is a key differentiator for both US and European start-ups: “Partech brings resources worldwide to help develop companies that they believe in,” says Jonathan Spier, founder and CEO of PLAE, a children’s online brand created in California. “Their European team allowed us to initiate a partnership with a distributor for German-speaking Europe.”
The Partech Shaker, a start-up campus opened in Paris in 2014, is an additional advantage that French and non-French entrepreneurs can benefit from. “In addition to the funds and their expertise, Partech offered us an ideal environment in the heart of Paris to expand our team during our hypergrowth phase,” says Arthur Waller, co-founder and CEO of PriceMatch.
Thanks to Partech’s seed platform, many start-ups have been able to go through new and substantial financing rounds (Alkemics, Plae, Bugcrowd, Zeel, Sketchfab, Tribe, etc.), whereas others have been acquired by world-renowned players (PriceMatch was bought by Booking.com, Pulse.io was bought by Google and AlephD was bought by AOL).
About Partech Ventures
Founded in 1982 in Silicon Valley, Partech Ventures is a global investment firm with a team spread across offices in San Francisco, Paris and Berlin. Most Partners have been entrepreneurs themselves or have held management positions within tech companies. The partnership acts and invests as a single team, helping entrepreneurs build fast-growing tech and digital companies addressing large markets across multiple continents. Partech Ventures partners with entrepreneurs at the seed (Partech Entrepreneur), venture (Partech International) and/or growth (Partech Growth) stages. Companies backed by Partech Ventures have completed 21 initial public offerings and more than 50 major M&A transactions with leading international companies. Since 2012, the team has built a pioneering business development platform fostering synergies and business relationships between entrepreneurs and strategic partners.
Preqin, an independent global research firm, has ranked Partech Ventures as one of the ten most consistent venture capital firms in the world, and the only European VC in the top 25.
Paris, Jun. 28 2016
Partech Ventures Announces 400M€ Partech Growth Final CloseLearn more
Partech Ventures Announces 400M€ Partech Growth Final CloseParis, Jun. 28 2016
Partech Ventures announced today the final closing of its first growth fund, Partech Growth, with a total of 400 million euros.
Partech Growth intends to invest between €10M and €50M of capital in fast-growing technology and digital companies that have already achieved significant revenues.
Launched in January 2015, Partech Growth is a direct response to the relative lack of availability of European funding in this segment, despite a fast growing number of large start-ups achieving sustainable growth from London to Paris, and from Berlin to the Nordics. “When we launched Partech Growth at the beginning of 2015, we aimed at raising a 300 million euro fund,” said Omri Benayoun, General Partner, Partech Ventures. “Faced with strong demand from LPs and start-ups alike, we decided to increase our capacity to 400 million euros which will enable us to fund the ambitious global expansion plans of the best start-ups across Europe and the US.”
Partech Growth received support from some of the largest European insurance companies and institutional investors, as well as from major global industry investors and entrepreneurs.
The fund is managed by a dedicated team led by Omri Benayoun and Bruno Crémel in Europe, and Mark Menell in the US. In less than 18 months, Partech Growth has already invested €120M in 5 European and U.S. West Coast tech companies:
- Brandwatch, the UK-based Saas leader in Social media intelligence;
- FreedomPop, a freemium US mobile virtual network operator with more than one million subscribers in the US and the UK, and soon launching Spain;
- Made.com, an online home furnishing brand, headquartered in London and now active in the UK, France, Italy, the Netherlands and Germany;
- M-Files, the Finnish software company that revolutionizes enterprise content management;
- RockYou, the San Francisco-based world’s largest in-game advertising network.
“Partech Growth backs companies which, after having successfully proven their model, wish to scale up their international expansion” said Bruno Crémel, General Partner, Partech Ventures. “Our first investments boast an average annual growth of more than 50% with over 500 million euros of combined revenues, and more than 1,200 employees”.
The success of this initiative is also due to the unique model pioneered and fine-tuned by Partech Ventures over the past 30 years. The current generation of partners extended its investment capacity, while deepening its transatlantic and pan-European footprint. The Berlin office was opened in 2012 to complement the rest of the team based in San Francisco and Paris. “The transatlantic value proposition of Partech goes both ways: helping European firms grow in the US, and helping US firms address the different European markets”, said Mark Menell, General Partner, Partech Ventures.
“Partech was the perfect match for us, given the cultural fit in the US and the networks and reach of their teams in Europe, where we are focusing our initial international expansion after demonstrating success in the US” said Stephen Stokols, founder and CEO, FreedomPop.
“With the support of Partech Growth, we have now funding and unique industry knowledge in the boardroom to fully execute on our ambitious international growth plans, especially in France and Germany, and to become Europe’s number one destination for home design”, said Ning Li, Made.com, co-founder and CEO.
“We had choices when we signed up with Partech in October last year” said Giles Palmer, founder and CEO, Brandwatch. “We chose them for two reasons: 1. they did more work than anyone else in the process and that showed us they were a serious, highly professional outfit. 2. their people are world-class. And since they invested, our opinion of them has, if anything, increased. I feel lucky to have them in the company”.
With Partech Entrepreneur Fund providing seed capital, Partech International Venture Fund for early stage and Partech Growth for growth stage, Partech Ventures covers the entire funding chain for start-ups.
More info on: tech.eu
Press contactsAntidox - France Alexis Bollaert Piabo - Germany Andreas Krönke Antidox - UK Florence Naillat Partech Ventures - USA Stéphanie Rhumeur
Cologne, Jun. 14 2016
CHRONEXT Announces New €11M Financing Round led by Partech VenturesLearn more
CHRONEXT Announces New €11M Financing Round led by Partech VenturesCologne, Jun. 14 2016
CHRONEXT, a curated online marketplace for luxury watches, announced today a financing round of €11M. The round was led by Partech Ventures and joined by Octopus Ventures, who came in as a new backer in this round, alongside existing investors, Capnamic Ventures, NRW.BANK and InVenture Partners.
Founded in 2013 in Switzerland, CHRONEXT is a secure marketplace where new and second-hand luxury watches can be bought, sold, or serviced at fair prices. The company operates in the multi-billion Euro market for luxury watches. Currently, online sales account for 1 to 2% of the market and represent the fastest growing segment of the industry.
CHRONEXT achieved an impressive traction and managed to grow their revenues by 380% from December 2014 to December 2015. The CHRONEXT concept is based on the principles of high security and excellent service. Every watch offered is examined in the company’s certified in-house watchmaking atelier, thus guaranteeing the quality and the authenticity of each timepiece available for sale. Should clients be unable to find their desired timepiece, the CHRONEXT Watchhunter team can source the watch for them, quickly and free of charge. In addition to the ever growing online selection of over 15,000 luxury watches, CHRONEXT clients are able to visit a London-based flagship boutique where they can browse a selection of watches or pick up their online purchase.
Philipp Man, co-founder and CEO of CHRONEXT, said: “We are extremely happy about the vote of confidence of Partech Ventures, which is leading this round, our existing shareholders and our new partner Octopus Ventures. The support of Partech, who has years of experience with marketplaces and e-commerce, along with their vast international network and capital under management, will allow CHRONEXT to evolve into the largest player in the luxury timepiece market in the near future.”
“CHRONEXT is operating a unique model to become a global digital leader in the huge market of luxury watches. We were especially impressed by the level of expertise of the founding and management team, which in our opinion will be a clear differentiator for success”, explained Olivier Schuepbach, General Partner of Partech Ventures. “The incredible pace at which the company grew till now and the successful start of internationalization beyond Germany were also key considerations for us to invest in CHRONEXT”, he added.
The new financing round will allow CHRONEXT to strengthen its growth in Germany and the UK and further expand internationally.
Press contactsAntidox - UK Florence Naillat Piabo - Germany Andreas Krönke Antidox - France Alexis Bollaert
CHRONEXT is creating a new paradigm in the luxury watch industry. The company provides a safe and easy way to buy, sell and service fine timepieces online.https://www.chronext.com
The CHRONEXT business concept is founded on three major pillars: guaranteed security, first-class service, and fair prices. Every watch purchased via the CHRONEXT online platform – no matter whether new or pre-owned – is checked by a certified in-house watchmaker. CHRONEXT clients receive a warranty for every watch purchased as well as a free partial revision within this period of time. Furthermore, the CHRONEXT Watchhunter service takes customer satisfaction to the next level by sourcing specific timepiece models for clients, free of charge.
The company was founded in 2013 by Philipp Man and Ludwig Wurlitzer and is currently headquartered in Zug, Switzerland and has offices in Cologne as well as London. In addition to an online platform, CHRONEXT also offers clients the opportunity to visit their physical flagship boutique, which is located in the heart of London.
San Francisco, Jun. 8 2016
Partech Ventures further expands its team with two newly appointed Genera..Learn more
Partech Ventures further expands its team with two newly appointed General Partners and strengthens its transatlantic footholdSan Francisco, Jun. 8 2016
With the appointments of Reza Malekzadeh in San Francisco and Emmanuel Delaveau in Paris, Partech Ventures accelerates its expansion and widens its strong transatlantic foothold.
Reza Malekzadeh joins the Venture team as a General Partner alongside Nicolas El Baze in San Francisco, Philippe Collombel and Jean-Marc Patouillaud in Paris, and Olivier Schuepbach in Berlin.
Emmanuel Delaveau’s mission as a General Partner will be to strengthen investor relations and structure the investment firm’s growth strategy and business development initiatives.
A high-growth, transatlantic investment strategy
“The appointment of Reza Malekzadeh shows our commitment to boost our activities in the Bay area, which still hosts the largest, most powerful technology ecosystem in the world,” said Jean-Marc Patouillaud, co-Managing Partner of Partech Ventures. “Reza’s extensive knowledge of the software industry as well as his experience as a seasoned entrepreneur and thought leader will allow us to accelerate our growth strategy in the region and strengthen our transatlantic foothold.”
Partech Ventures has been a pioneering European VC to open offices in the US decades ago, with an office in San Francisco investing in US tech companies. It is part of the high-growth strategy on which the firm has embarked in recent years to accelerate on both continents in order to attract companies aiming to achieve international expansion.
“Partech Ventures has a proven ability to offer prime knowledge and access to both European and US markets,” said Reza Malekzadeh, General Partner, Partech Ventures. “We will build up this expertise to partner with an increasing number of disruptive companies both in the US and in Europe, and give them an edge to scale globally”
Reza is an active catalyst and leader in the French Silicon Valley tech community and an advocate of French and European technological innovation. He has twenty years of experience in various executive sales, marketing and operations roles for both large and startup companies. He was one of the very early VMware employees joining the company in 1998, and has also co-founded and successfully sold two startups.
High value-added services for entrepreneurs and investors
‘Emmanuel Delaveau played a major role in turning CNP Assurances into one of Europe’s largest private equity institutional investors, with €6 billion under management,” , said Philippe Collombel, co-Managing Partner, Partech Ventures. “His experience will give us an opportunity to pursue strategic relations with our investors on a global scale.”
Since 2012, Partech Ventures has been a pioneer in open innovation and collaboration initiatives between emerging tech companies and industry leaders. It stood out notably with the launch of the Partech Shaker, a campus located in the heart of Paris and dedicated to cooperation between startups and major corporations. Emmanuel’s role will be to structure and develop the business development opportunities both for startups and industry leaders.
“Partech Ventures is one of the most creative and active transatlantic teams originating from Europe both in terms of investment capacity and number of deals, bringing much more than capital,” said Emmanuel Delaveau, General Partner, Partech Ventures. “The strong entrepreneurial and operational backgrounds of the team allow us to cover the complete value chain of tech investing as well as understand the specific issues faced by major industries. We will continue to develop even more value-added services and business development opportunities to support entrepreneurs and investors”.
Over the past 9 years, Emmanuel Delaveau developed CNP Assurances’ private equity activities, which grew from €1.5 billion to more than €6 billion. The portfolio was invested in nearly 300 funds and co-investments across multiple sectors and strategies, with a focus on Europe and North America. He has also served as a member of the selection board for the HEC Entrepreneurs Master’s. He started his career in the Silicon Valley before returning to Europe where he co-founded two start-ups.
Paris, Apr. 26 2016
An early investor in Lendix, Partech Ventures takes part in the startup..Learn more
An early investor in Lendix, Partech Ventures takes part in the startup’s new €12M financing roundParis, Apr. 26 2016
Partech Ventures confirms its support of Lendix, the French number one in lending platforms, as CNP Assurances, MatMut and ZenCap AM join as new investors.
“Partech Ventures has supported Lendix since its launch in 2014, and is confirming its commitment with a 3 million euro follow-on investment in this round”, explains Philippe Collombel, Co-Managing Partner of Partech Ventures and a member of Lendix’s Supervisory Board. “In 12 months, the platform has reached the number one position in France and shows all of the attributes needed for quick international growth, which we are thrilled to support.”
Since its first loan in April 2015 to Alain Ducasse Entreprise, Lendix has taken real leadership on the market of SMB loans, becoming number one in France with a 40% market share. The platform has made it possible for about a hundred companies of all sizes to borrow more than €20M (excluding the recent Finsquare acquisition) for loans ranging from €30,000 to €1M. Lendix aims to grant over €50M in loans on its platform over the next 12 months on the French, Spanish and Italian markets.
‘Since our launch in 2014, the loyal and active support of Partech Ventures has been a key asset in our rapid development, says Olivier Goy, Founder and Chief Executive Officer of Lendix. “Their renewed confidence and teams’ experience in internationalizing high-growth companies will allow us to have an edge as we expand in Spain and Italy.”
This new investment illustrates Partech Ventures’ ability to finance the very high growth and internationalization of the companies in which it invests, as with its investments in Teads, Kantox, FreedomPop, Made.com and M-Files.
It also confirms the major role that Partech Ventures has taken in financing leading Fintech companies, with a dozen investments including Compte-Nickel and Lendix (Paris), GetSafe (Heidelberg), Xfers, Ascend, and Xendit (San Francisco), The Guarantors and Atlas (New York), Kantox, Novicap and Eris (London).
Paris, Apr. 6 2016
Partech Ventures leads ManoMano’s €13M financing roundLearn more
Partech Ventures leads ManoMano’s €13M financing roundParis, Apr. 6 2016
This investment will be the final one of the PIV 6 venture capital fund
Partech Ventures today announced its investment in ManoMano (formerly monechelle.fr), a community marketplace specialized in DIY and gardening products and services. The €13M financing round has also been joined by Bpifrance, Piton Capital and CM-CIC Capital Privé.
‘The decision to invest in ManoMano quickly became obvious. The management team is excellent, and we were impressed by their strong ambition: becoming the European leader of this vast sector’, explained Philippe Collombel, Managing Partner of Partech Ventures.
Thanks to its large community of DIY enthusiasts, ManoMano brings new inspiration to this sector. It accompanies them from a project’s beginning to end, as well as installation with the help of SuperMano, a service connecting handymen and people seeking assistance with home improvement.
Since it was founded in 2013, ManoMano has set ambitious growth objectives and has consistently surpassed them, with business increasing from €1 million to €32 million in three years for 500,000 listed product references.
‘Today, we are especially proud to announce having raised such substantial funds, and that we are supported by such prestigious investors. With these funds, we will accelerate our development and have the resources required for our European and community strategy. Ever since ManoMano was founded, we’ve had ambitious goals – and thanks to our teams, we have always surpassed them!’ explained Christian Raisson and Philippe de Chanville, cofounders of ManoMano, whose workforce has grown from 9 to 53 since 2013.
ManoMano will be the final investment of the PIV 6 venture capital fund, raised in 2012. This fund, which has been invested in 22 companies in Europe and the US, is representative of Partech’s investment strategy: a portfolio that is well-balanced between game changers in major industries (FinTech, AdTech, LegalTech, etc.), software and applications for businesses, and emerging leaders, like Mano Mano, offering innovative products and services to consumers.
‘This highly ambitious fund is evidence of the commitment of all of our 35 professionals to supporting entrepreneurs’, said Philippe Collombel.
Paris, Mar. 17 2016
Partech Ventures leads the $36M Series B round for M-FilesLearn more
Partech Ventures leads the $36M Series B round for M-FilesParis, Mar. 17 2016
Partech Ventures today announced its involvement as lead investor in the new $36M financing round of M-Files, with participation from Finnish Industry Investment and Draper Esprit. M-Files provides solutions that dramatically improve how businesses manage documents and other information. The investment will further accelerate M-Files’ explosive growth and international expansion.
“Partech Ventures invested in M-Files not only because of their demonstrated track record of growth and success, enormous market potential and proven leadership, but also because we saw a unique vision for a new generation of solutions that goes beyond traditional document management and enterprise content management (ECM), and has the potential to transform the market”, said Bruno Crémel, General Partner of Partech Ventures.
M-Files offers a unique new approach to enterprise content management. It relies indeed on a unique metadata-driven architecture that enables users to quickly find and access information based on its relevance, regardless of the system or repository in which it is stored. The M-Files approach also creates an “intelligent metadata layer” that overlays and unifies existing data repositories and core business systems, including Documentum, OpenText, SharePoint, Box, Salesforce, SAP and oth-ers. The new solution also employs state-of-the-art search, auto-classification and machine learning technologies that enable businesses to intelligently manage information based on its value, without migration or duplication, and without disturbing other core business processes and applications.
With thousands of organisations in over 100 countries (including AS, OMV and NBC Universal) using its EIM systems, M-Files has experienced a six-year compound growth rate of nearly 1,000 percent. The new investment will further accelerate sales and marketing activities, as well as expansion into new markets in North America, EMEA and APAC. The company will also focus on expanding and strengthening its network of global partners.
“We’re excited about working with the world-class team at Partech Ventures to accelerate our plans for sustained growth,” said Miika Mäkitalo, CEO of M-Files Corporation. “Our recipe for success has always been to focus on the customer by designing and delivering solutions that are simple, secure and scalable. When you combine that with our ability to provide world-class professional services, it’s easy to see why our customers love us and why we’re continuing to take market share away from even the largest entrenched competitors.”
The investment in M-Files is the fifth investment of Partech’s Growth Fund since its launch in January 2015, and follows the financing round of Brandwatch, the financing round of Freedompop and the financing round of Made.com. ‘With an average of one deal every quarter, our late-stage investment activities perfectly reflect the high-growth strategy on which we have embarked in recent years’, said Omri Benayoun, General Partner at Partech Ventures.
This investment also reinforces Partech Ventures’ long-standing strategy of investing in software in the US and in Europe, with an increasing focus on the booming Nordic tech ecosystem. Success stories in software backed by Partech began more than 20 years ago with Business Objects and Informatica, then Cartesis, Five9 and Visicu, and continue today with portfolio companies at seed stage (e.g. Alkemics, Influans, Lima), venture stage (Atlantis Computing, GetInsured) and growth stage (Brandwatch, M-Files).
Paris, Feb. 18 2016
Partech Ventures further develops its Seed Team by recruiting Claire Godro..Learn more
Partech Ventures further develops its Seed Team by recruiting Claire Godron as Senior AssociateParis, Feb. 18 2016
Partech Ventures further develops its Seed team with the appointment of Claire Godron as Senior Associate for the Paris office.
Claire Godron will become part of the Seed Team joining Romain Lavault and Boris Golden in Paris, Otto Birnbaum in Berlin and Jai Choi in San Francisco.
With more than 60 investments in both Partech Entrepreneur I (PEF) and Partech Entrepreneur II (PEF II), Partech has become Europe’s most active seed stage VC in less than two and a half years. This highly sustained pace of investment and the growing number of seed fund applications requires increasing dedicated resources and Claire has been recruited to reinforce the focus on French deals. France, Europe and the US are Partech’s main geographical areas for Seed deals.
As a former Senior Associate at Aster Capital in Paris, her experience ranges from executing investments and following portfolio companies to supporting fundraising efforts. She dedicated most of her time on the sectors of mobility and IoT. Claire holds a MS in Engineering from Mines Paristech Paris.
“I am thrilled to join Partech and its ever-growing trajectory. Contributing to the development of the Seed ecosystem in France, is going to be a demanding and exciting job!” says Claire Godron, Senior Associate of Partech Ventures.
“We are very happy to welcome Claire on board. With 50 to 60 new projects being reviewed every week and 3 to 4 new investments per month, the seed investment side of Partech Ventures is very demanding, and so are the Entrepreneurs that are hungry for support, mentoring, added-value connections and strategic thinking. Claire’s addition to the team brings additional investment experience and will help up scale our growth services to our Entrepreneurs from Seed to Series A. “says Romain Lavault, General Partner and in charge of the Seed funds.
Paris, Jan. 12 2016
A historical partner of Dayuse.com, Partech Ventures takes part in the sta..Learn more
A historical partner of Dayuse.com, Partech Ventures takes part in the startup’s new €15M financing roundParis, Jan. 12 2016
This €15M Series A round is completed alongside IDinvest Partners as well as Dayuse.com’s historical business angels Cédric Barbier, Paul Dubrule and Charles Petruccelli.
“Partech Ventures supports Dayuse.com since day one and now confirms its commitment with this significant new investment that will help the startup accelerate on a global scale” Jean-Marc Patouillaud, Managing Partner of Partech Ventures and Board member of Dayuse.com said. To support this renewed commitment, he also added: “As an investor, I have rarely seen such an alignment of planets, with the clear execution of the concept, an early dominant market position and such professional dynamism from a young management team.”
Dayuse.com challenges the traditional hospitality business, a sector shaken by the sharing economy, without threatening its sustainability. The startup completes hotel supplies and allows businesses to significantly increase their revenues by monetising empty rooms during the day at lowered rates. 70% of the rooms are unoccupied during the day. Hospitality professionals can therefore fight back for the market shares that have recently lost to a host of new disruptive players.
With over 320,000 rooms rented in 14 countries since inception, the online booking platform has proven attractive for both consumers and hospitality professionals.
“This financing round is a key step for Dayuse.com. We are proud to welcome renowned investors to our capital and to see our historical shareholders confirm their confidence. This hyper-growth phase is part of a sustainable development project that includes the recruitment of new talents and the conquest of new territories. We aim at institutionalising Daysuse.com on an international level with the support of our partners. Together, our desire to go faster and further is limitless”, David Lebée, CEO of Dayuse.com, said.
This new operation will allow to recruit new talents, maintain Dayuse’s exponential growth in countries where it already operates (+ 65%), reach new continents and expand the offer in Singapore, Hong Kong, Dubai, Australia, and Argentina.
Paris, Jan. 7 2016
Partech Ventures invests in PushDoctor, Europe’s largest online fami..Learn more
Partech Ventures invests in PushDoctor, Europe’s largest online family doctor marketplaceParis, Jan. 7 2016
Partech Ventures has joined the $8.5 M round of financing of the British startup PushDoctor. The round is being led by Draper Esprit and Oxford Capital Partners.
Partech Ventures is reinforcing its investment strategy in the innovating models and technologies – in this case, online medicine –, catching them at their earliest stage in the whole of Europe and in the US.
After significant investments in Brandwatch and Made.com, which respectively raised €30 M and €55 M in 2015, Partech Ventures confirms its ability to attract disruptive British technology companies, by offering its knowledge and a prime access to the Continent and US markets.
Partech Ventures today announced that it has joined PushDoctor’s $8.5 M round of financing. Founded in 2013, the British startup, which specialises in online medicine, has developed a platform allowing British patients to consult GPs online (on the web, tablet or mobile phone) at any time of the day, at an accessible cost. PushDoctor is the largest GP marketplace in Europe, with more than 7000 GPs.
‘The UK is strikingly ahead of the whole of Europe in regards to online medical consultation, and to online prescription, allowing the home delivery of medicines. The track record of the founding team is impressive, especially in regards to B2C and C2C, and the metrics of the platform have been extremely convincing since its launch. We are very happy to invest in this team with our English counterparts’, Romain Lavault, General Partner of Partech Ventures, explained, adding that ‘the Continent is lagging far behind on this matter. However, following our investment in Klara in Germany (online dermatology), we will soon announce a similar investment for the French market, which will have to catch up quickly’.
This co-investment is made with Oxford Capital Partners and Draper Esprit. The latter is especially known for previously investing in Skype, Baidu and Tesla. ‘This co-investment exemplifies our partnership strategy with the best European and American VCs to accelerate even more the international expansion of our companies, wherever they are based, as shown by our ongoing partnerships with the British entrepreneurs who have been trusting us for a few months’, Romain Lavault said.
Indeed, in July 2015, Partech Ventures announced to lead Made.com’s €55 M round of financing with Fidelity Growth Partners and Level Equity. Last October, the fund announced to lead Brandwatch’s €30 M round of financing with Highland Capital Partners Europe and Nauta Capital.
Paris, Dec. 10 2015
Partech leads the $2.5M seed round for StreamrootLearn more
Partech leads the $2.5M seed round for StreamrootParis, Dec. 10 2015
Streamroot announced today its $2.5M seed round funding to redesign video streaming infrastructure and deliver high quality content at scale. Streamroot’s goal is to make high quality, smooth video delivery available to all content publishers, and to improve the architecture of the Internet by decentralizing web traffic.
Partech Ventures led the $2.5M financing round with the participation of Walnut Venture Associates, Cherrystone Angel Group, Jean-David Blanc and the French BPI. Streamroot will use this funding to secure its position in the U.S. and European markets and achieve its multi-device ambitions.
With a unique approach to video delivery, the startup aims to help broadcasters overcome one of the biggest challenges facing the web today: the explosion of video traffic. Video content represents over 60% of worldwide internet traffic and with the growing use of mobile devices, this figure is set to jump to 90% by 2018.
Current media distribution models have begun to reach their limits. Big name video broadcasters are already struggling with network over-capacity, buffering and poor quality of service, especially during widely viewed broadcasts such as show premieres and sporting events. System failures demonstrate that existing client-server infrastructures are in dire need of a shakeup and that new, more reliable means of delivering content are needed.
As an answer to this problem, Streamroot has created a unique peer-accelerated video streaming solution. While online video delivery was traditionally based on one-to-one connections between the viewer and the host server, Streamroot harnesses an often untapped piece of the video streaming chain: the device itself.
Using the latest peer-to-peer protocols, the system connects users watching the same stream, allowing them to obtain content from the source that can provide it the fastest – whether it be from the server or another viewer. With this additional delivery layer, broadcasters can reach their audiences more efficiently, ensure better quality of service, and multiply the capacity of their servers without having to invest in additional infrastructure.
Streamroot aims to bring the industry a more robust, reliable and flexible streaming architecture that can scale to millions of viewers watching video content across the world.
“As video continues to grow, innovative distribution solutions are needed to both help publishers remain profitable and to keep video from ‘breaking’ the internet,” says Jeroen Wijering, creator and co-founder of JW Player, who has followed the company closely from its infancy. “Streamroot’s delivery optimization technology is a key piece of that puzzle; they have the industry-leading implementation, as well as a bright, forward-looking team.”
“We are extremely pleased that our investors have as much faith in our solution as we do,” said Pierre-Louis Theron, CEO and Co-founder at Streamroot. “On a daily basis, we handle streams with up to 50,000 simultaneous viewers and will use this capital to help the biggest broadcasters deliver high-quality content throughout the world. Next time you tune in to the Olympic Games or the Super Bowl, we want Streamroot to be powering your video.”
Streamroot is the first and leading plugin-free, peer-accelerated streaming technology leveraging WebRTC. It is designed to integrate seamlessly into broadcasters’ existing video workflow and offer total security. Streamroot already enjoys a varied customer base of live and video on-demand platforms, including tier-one media companies. The startup has allowed its clients to deliver up to 90% of their traffic using the Streamroot network, while offering faster streams and higher resolutions.
To view a demo: streamroot.io/demo
Press contactsStreamroot Erica Beavers Antidox - France Alexis Bollaert
Streamroot was founded in 2014 by three engineers from Ecole Centrale Paris. Streamroot’s goal is to make high-quality, smooth video delivery available to all content publishers, and to help improve the architecture of the Internet by decentralizing web traffic. Streamroot participated in the Techstars Boston and NUMA (formerly Le Camping) accelerators and is advised by a board of video experts andhttp://streamroot.io
Paris, Nov. 24 2015
Partech Ventures strengthens its Venture Capital Team with the arrival of ..Learn more
Partech Ventures strengthens its Venture Capital Team with the arrival of Marie-Hortense Varin as Senior AssociateParis, Nov. 24 2015
Partech Ventures further develops its VC team with the appointment of Marie-Hortense Varin as Senior Associate.
As a former consultant at Bain & Company, she carried out strategic consulting missions for large corporates (M&A, performance improvement, supply chain, etc.) and due diligence projects for private equity leaders. Marie-Hortense was also previously involved in the development of Rocket Internet in Africa, working on the logistics of the e-retailer Jumia in Egypt. Marie-Hortense Varin attended the Institut d’Etudes Politiques of Paris and Duke University.
“We’re very pleased to welcome Marie-Hortense Varin in this new role. Venture is the core of our business, and we’ll be able to deploy more capital with her support and the launch of a new fund in 2016, “says Philippe Collombel, managing partner of Partech Ventures.
“After developing our seed and growth capital teams, as well as expanding our San Francisco and Berlin offices, we welcome Marie-Hortense Varin to offer a new set of analytical and strategy skills to our investors and startups,” said Jean-Marc Patouillaud, Managing partner of Partech Ventures.
Paris, Nov. 3 2015
Partech Ventures invests in Chronext, a curated online market place for lu..Learn more
Partech Ventures invests in Chronext, a curated online market place for luxury watchesParis, Nov. 3 2015
The platform for buying and selling luxury watches CHRONEXT has completed another successful financing round and raised a total of $ 5.3M. Partech Ventures, other VCs, existing investors, as well as several business angels, took part in the latest round of financing. CHRONEXT intends to use this fresh injection of capital for marketing, IT and customer care. Its strategic objective is to strengthen its market position in German-speaking Europe and the UK.
“We are very pleased to welcome so many prominent VCs on board and that all the existing investors will continue to support the development of our company. We are the leading marketplace with a business model that simultaneously offers fair prices, exceptional service and a level of security that is unique in the luxury watch segment. We will use the new round of funding to aggressively accelerate our expansion in our core markets”, said CHRONEXT founder and CEO Philipp Man. “In 2015 we were able to optimise our processes, enabling us to generate substantial eight-figure revenue and expand our customer base tenfold this year. That has given us the ideal basis for our next phase of rapid growth.”
Otto Birnbaum from Partech Ventures is also satisfied: “We are very pleased to have invested in CHRONEXT. Philipp Man and Ludwig Wurlitzer are outstanding founders, with whom CHRONEXT are reshaping the market for luxury watches. CHRONEXT is a transparent, secure and highly liquid marketplace that is bringing a number of key innovations to the traditional watch business.”
More info is available on www.gruenderszene.de (in German).
Paris, Oct. 29 2015
Partech Ventures leads Brandwatch $33MM series C round to expand global le..Learn more
Partech Ventures leads Brandwatch $33MM series C round to expand global leadershipParis, Oct. 29 2015
Brandwatch is one of the Europe’s largest VC-backed SaaS company
Partech Ventures today announced its investment, as lead investor, in the new $33MM financing round of Brandwatch, the leader in social intelligence and one of the Europe’s largest VC-backed SaaS company. Brandwatch will use the funds to accelerate development of the company’s core technologies and products to keep setting the standard in an increasingly complex, global social landscape.
“We decided to invest in Brandwatch because of its incredibly strong vision, technology and team” said Omri Benayoun, General Partner at Partech Ventures and board director of Brandwatch. “Social data is driving the future of every business function from marketing or sales to customer service. We are very proud to partner with the worldwide leader to tackle this massive opportunity.”
Building on its strong U.S. presence, which now accounts for more than half of the company’s revenues with customers such as Walmart, Whirlpool or Moneygram, Brandwatch will open more offices following the June 2015 launch in Singapore. The company also plans to invest heavily in strategic partnerships with other best-of-breed products to offer customers integrated social intelligence solutions. Recently, Brandwatch has added new prestigious brands to its 1,200-strong roster of customers – including Samsung, Cisco Systems, and Sony Music. The company has built a reputation for excellence with its two products – Brandwatch Analytics for deep social intelligence functionality and Brandwatch Vizia, a beautiful display platform used by enterprises to inform real-time business decision-making in every department.
“This is another big milestone for us,” said Giles Palmer, Brandwatch CEO. “It’s a substantial investment from a great firm, Omri and the Partech team are world-class. We are going to continue building an extraordinary company – one that listens to and looks after its customers, cares for its staff and works hard to build innovative, elegant, useful products. I love working here and I love the energy that every Brandwatcher brings into our offices every day. Game on.”
Based in Paris, Berlin and San Francisco, Partech Ventures launched the Partech Growth fund in January 2015. “This investment in Brandwatch is Partech Growth’s fourth in less than six months. It follows the $40MM financing round of Freedompop and the $60MM financing round of Made.com, announced earlier this year” said Bruno Crémel, General Partner at Partech Ventures. “These companies are all true disruptors on their markets.”
The investment in Brandwatch reinforces Partech Ventures long-standing strategy to invest in software in Europe and the US, and create value for its investors and portfolio companies through its strong software expertise and transatlantic positioning. Software success stories backed by Partech started more than 20 years ago with Business Objects and Informatica, then Cartesis, Five9 or Visicu, and keep on today with portfolio companies at seed stage (e.g. Alkemics, Influans, Lima), venture stage (e.g. Atlantis Computing, GetInsured) and growth stage (Brandwatch).
Paris, Oct. 28 2015
Partech invests in Kontainers, a UK-based company which simplifies global ..Learn more
Partech invests in Kontainers, a UK-based company which simplifies global tradeParis, Oct. 28 2015
Partech Ventures takes part in a seed-round led by EC1 Capital with participation from Northstar Ventures to back Kontainers, a UK-based company which aims at simplifying global trade.
Kontainers provides a freight shipping process through an A-Z container booking web platform. System allows customers to get quotes instantly, compare pricing between different carriers, and book their containers within minutes.
Paris, Oct. 27 2015
BPIFRANCE, the EIB Group and KFW invest €75M in Partech GrowthLearn more
BPIFRANCE, the EIB Group and KFW invest €75M in Partech GrowthParis, Oct. 27 2015
Bpifrance, the EIB Group (through the European Investment Fund) and KFW today announce their €75M joint investment in Partech Growth. For the first time, these three key-players of the European economic revival invest together in a growth fund.
The signing took place at the French presidential palace during the major Franco-German conference, in the presence of Emmanuel Macron, French Minister of Economy, Industry and the Digital Sector and Sigmar Gabriel, Vice Chancellor of Germany and federal Minister of Economy and Energy.
Partech Growth is a growth fund managed by Partech Ventures. It provides between €10M and €50M of capital to fast-growing technology and digital companies that have already achieved meaningful revenues. The European market suffers from a lack of capital funding for amounts exceeding €10M. This €75M joint investment, and the support of many other investors, enables Partech Growth to exceed €370M in commitments to date. The final closing will take place at the beginning of 2016.
“Partech Growth addresses the European financing gap. We are delighted to see major government-backed players like Bpifrance, EIF and KFW support growth capital and to help large European tech companies become global leaders“, said Bruno Crémel, General Partner of Partech Ventures in charge of Partech Growth.
Nicolas Dufourcq, General Manager of Bpifrance, added that “The support from Bpifrance and KFW to Partech Growth, which is established in France and in Germany among others, is unprecedented in the European growth capital industry. This agreement materializes a tangible symbol of Franco – German cooperation in the larger context of the European Union, with the support from the European Investment Fund “.
According to Ambroise Fayolle, Vice- President of the EIB: “This funding is a strong symbol for Franco-German cooperation. It is also a new way for the Investment Plan for Europe to support growth and business competitiveness on a European scale. In the wake of pan-European fund Partech Growth and with these synergies, the promising capital growth activity will thrive, giving European tech and digital companies new means to grow and expand on an international scale.”
“The European growth capital industry still lacks operators and resources: to support it, the EIF trusts Partech Ventures, a leading venture capital fund in Europe. Partech Ventures secured strong means by setting up a team of highly qualified and dedicated professionals to this activity“, said Pier Luigi Gilibert, Chief Executive of the EIF.
KfW´s CEO Dr. Ulrich Schröder added : “Our commitment is part of our long-standing cooperation with European promotional institutions. In spring of this year, we have issued together with the European Commission a declaration to enlarge our common activities and to support growth of the European economy. The benefit of our cooperation extends well beyond capital investments. All the partners will profit from a better entrance into the respective markets which are no longer national but European and even global. The different financial support mechanisms of each promotional institution combined will strengthen one of the leading European venture funds specialized in the digital economy.”
“Our recent European investments perfectly summarize the fund’s and Partech Ventures’ strategy in general: to invest in companies that aim at reaching global leadership by breaking the rules of their industry“, said Omri Benayoun, General Partner at Partech Ventures and responsible for Partech Growth.
Paris, Oct. 15 2015
Partech Ventures appoints Olivier Schuepbach as new partner for GermanyLearn more
Partech Ventures appoints Olivier Schuepbach as new partner for GermanyParis, Oct. 15 2015
The $850M strong transatlantic VC intensifies its focus on Germany with the appointment of entrepreneur and investor Olivier Schuepbach
The March 2015 announcement that Partech Ventures would expand its presence in Germany is followed by actions: Olivier Schuepbach is appointed partner of Partech in Germany and will lead the team of three investment professionals based in Berlin. Schuepbach is well-known among the German start-up scene: In the past he has already worked as a venture capitalist at Wellington Partners and has operationally helped start-ups such as Brands4friends, in its international expansion and ultimate sale to eBay.
Partech’s managing partners Philippe Collombel and Jean-Marc Patouillaud gave a warm welcome to the new arrival: “We want to raise our exposure in Germany to the next level. With Olivier we gained a well-known and widely appreciated business partner to reach that goal,” explains Collombel. Patouillaud added that “Germany has a strong entrepreneurial scene which needs further growth capital and fully dedicated teams to unlock its potential. Investors in place must know the local market from inside out and have the right instincts to identify the rising stars. Olivier truly brings the experience and network we’ve been searching for.”
A passionate entrepreneur and investor
With Schuepbach, the transatlantic venture capital firm appoints an experienced entrepreneur and investor in the German and international technology scenes. Schuepbach started his career in the U.S. at Texas Instruments and has been working with fast-growing technology companies for more than 15 years. Prior to joining Partech Ventures, Olivier was in charge of international development and M&A at Brands4friends before eventually leading its successful exit to Ebay. Previously, he worked at the venture capital firm Wellington Partners where he teamed up with Partech for example on an investment in Qype, which was later sold to Yelp. A passionate entrepreneur and investor, Schuepbach is also known for his role as CFO of MarkaVIP, now one of the largest ecommerce companies in the Middle East.
Born and raised in Switzerland, Schuepbach moved to Munich nine years ago. He has a very deep understanding of the German technology ecosystem from Berlin to Bavaria and is looking forward to actively supporting it: “With our transatlantic and pan-European structure and investment tickets ranging from €250,000 to €40M, we are in a position to accompany ambitious entrepreneurs in every phase of their growth.”
Partech will invest in Germany through three funds: Seed (Partech Entrepreneur), Venture (Partech International) and Growth Capital (Partech Growth). Olivier will work in close proximity to principal Otto Birnbaum, who has been an active investment professional in the German Partech office since 2014 and who will focus on seed investment.
Paris, Sep. 15 2015
Partech Ventures invests €4M in Compte Nickel’s financing roundLearn more
Partech Ventures invests €4M in Compte Nickel’s financing roundParis, Sep. 15 2015
Partech Ventures today announced that is has led a new €10.2M financing round for Compte Nickel, the first French “bank-less” account service.
“Partech Ventures was greatly impressed by the experience of Compte Nickel’s management team which offers a simple and innovative high-tech solution that disrupts the rules of personal finance“, said Philippe Collombel, Managing Partner at Partech Ventures and member of the Financial Supervisory Committee of Financière des Paiements Electroniques (EPF), Compte Nickel’s parent company.
Compte Nickel offers consumers bank-less accounts that can be opened at convenience stores, in real time, requiring only an ID and a telephone number. The service costs €20 per year and entitles the user to an account with a MasterCard and a personal web interface which provides customer service and account details.
As of today, 1,000 convenience stores have been registered, and the service has already attracted 150,000 customers:
“The founders of Compte Nickel had the idea to rely on the network of 27,000 newsagents in France to market their disruptive service. Knowing this network attracts 10 million daily customers allows us to assess the potential market size that can be addressed by the company,” added Philippe Collombel.
With its €4M investment in Compte Nickel, Partech Ventures is the single VC of this €10.2M financing round.
“The experience of Partech Ventures, both in fintech and in deploying large-scale business models, is crucial to accelerate our growth,” explains Hugues Le Bret, Chairman of the Supervisory Board of FPE.
“We have proven our business model and are now entering a roll-out phase. Our ambition is to attract 1 million new customers within 3 years. The new services we are launching, such as an account for 12 to 18 year-olds, will make us a leader in financial services in France,” said Ryad Boulanouar, President of EPF.
This new investment is part of Partech Ventures’ strategy to invest in businesses that have the potential to transform the economy and change the rules of major sectors.
“Finance is now at the heart of the digital transformation, and fintech is an important investment field for Partech Ventures,” said Philippe Collombel.
Partech Ventures has already shown a significant commitment to the fintech sector, with investments in Lendix (Paris), Auxmoney (Berlin), Bolt (San Francisco), Kantox (London) and Novicap (Spain).
Paris, Aug. 26 2015
Partech Ventures participates in VR company Resolution Games’ $6M fu..Learn more
Partech Ventures participates in VR company Resolution Games’ $6M fundraisingParis, Aug. 26 2015
Partech Ventures participated in the $6 million Series A fundraising of virtual reality (VR) games studio Resolution Games, which to date marks the single largest investment round for any VR games developer. “We are thrilled to have the support of such high caliber thought leaders and VCs and to see they are confident in our team and strategy of making games everyone can enjoy,” said Tommy Palm, co-founder and CEO of Resolution Games.
Further information is available on Venture Beat.
Paris, Aug. 21 2015
French Magazine Décideurs ranks Partech Ventures as Top French VC fundLearn more
French Magazine Décideurs ranks Partech Ventures as Top French VC fundParis, Aug. 21 2015
The French magazine Décideurs published its 2015 French venture capital funds ranking, placing Partech Ventures in the top-tier “key-actor” category and confirming its standing as a major player in the French venture capital ecosystem.
Paris, Aug. 5 2015
French national lottery and gaming operator, La Française des Jeux (FDJ),..Learn more
French national lottery and gaming operator, La Française des Jeux (FDJ), invests €13M in Partech Ventures’ fundsParis, Aug. 5 2015
French national lottery and gaming operator, La Française des Jeux (FDJ), will invest €13M in two funds managed by Partech Ventures.
FDJ will invest €5 M in Partech Entrepreneur II, the Seed fund dedicated to tech and digital, launched in March 2015. €8 M will be injected in the venture activities of Partech, for startups that are more advanced in the development of their economic model.
More information to follow in French:
Cet investissement permet à FDJ de développer une politique d’open innovation capable de démultiplier les « cellules d’innovation » développées en interne et d’accélérer son ouverture vers l’extérieur. Stéphane Pallez, Présidente-Directrice générale de FDJ, note ainsi que « FDJ est une entreprise technologique, avec plus de 4 milliards de transactions par an et plus de 300 ingénieurs, mais nous souhaitons nous connecter davantage aux start-ups et contribuer au succès de la French Tech et de l’économie numérique en France».
Jean-Marc Patouillaud, co-Managing Partner de Partech Ventures, précise :
« FDJ est notre premier partenaire corporate issu du monde des jeux. Avec nous, il a l’ambition de faire participer ses métiers à la révolution digitale, tant du point de vue des points de vente physique que de ses offres en ligne et ce en complète synergie. »
Ce partenariat met notamment l’accent sur quatre domaines d’innovation : les comportements émergents de consommation, les nouveaux modes d’utilisation des mobiles, l’évolution de la distribution et les innovations dans le divertissement. L’objectif est de proposer une « expérience client globale FDJ », en misant sur les usages et les services numériques aux clients ainsi que sur la complémentarité entre le réseau physique référent Bar-Tabac-Presse et le jeu en ligne.
Les applications mobiles, le développement du « point de vente connecté » et plus largement la digitalisation des métiers doivent permettre à FDJ de viser 10% des ventes sur des jeux qui n’existent pas aujourd’hui. L’innovation profitera aussi, dans le respect de la protection des données, à la politique « Jeu Responsable », qui sera renforcée grâce aux potentialités du numérique en permettant un accompagnement personnalisé online.
Pour FDJ, choisir Partech Ventures c’est travailler avec un acteur engagé de l’open innovation comme en attestent les initiatives mises en place avec les nombreux corporate ayant investi dans ses fonds (Carrefour, Econocom, Edenred, Groupama, Ingenico Group, Neopost, Renault-Nissan…) mais aussi la création du Partech Shaker, 1er campus au monde dédié à l’open innovation créé par une société de gestion de fonds. C’est aussi travailler avec un acteur présent sur 3 zones clés : Paris, San Francisco et Berlin.
À propos de FDJ
La Française des Jeux est la 4e loterie mondiale avec près de 13 milliards d’euros de mises en 2014. Elle propose à ses 27 millions de clients une offre de jeux de loterie et de paris sportifs grand public, ludique responsable et sécurisée. Le groupe avec ses filiales (Lotsys, LVS) s’appuie sur plus de 1 700 collaborateurs, un réseau de proximité de 32 700 points de vente et un canal multimédia qui a séduit 1 million joueurs. En 2014, La Française des Jeux a redistribué 95% de ses mises, soit 8,5 Mds€ aux joueurs, 3 Mds€ à la collectivité dont plus de 230M€ pour le sport pour tous et la solidarité, et plus de 650 M€ pour les détaillants.http://www.groupefdj.com
Paris, Jul. 20 2015
Partech Ventures leads the $60M financing round for MADE.COMLearn more
Partech Ventures leads the $60M financing round for MADE.COMParis, Jul. 20 2015
Partech Ventures today announced Partech Growth’s first European investment as lead investor in the new $60M financing round in MADE.COM, a leading European online design brand.
“We decided to invest $34M in MADE.COM because we are convinced by the company’s clever and agile business model and by the exceptional quality of the management” said Bruno Crémel, General Partner of Partech Ventures and board member of MADE.COM, adding that “MADE.COM will quickly become the European leader of online design.”
“In just five years MADE has built a powerful brand and an excellent customer proposition, which is changing the way we shop for furniture and homewares. With the support of Partech Growth, we now have the funding and board expertise to fully execute on the next stage of our ambitious international growth plans and to further progress towards our aim of becoming Europe’s number one destination for home design”, said Ning Li, co-founder & CEO of MADE.COM.
MADE.COM will use the funds from this to accelerate its strong growth (+ 63% in 2014) in markets where it is already present: the UK, France, Italy, Germany, Belgium and the Netherlands. Taken together, these countries represent a £100Bn market. MADE.COM also plans to expand its service through massive investments in technology and new products. The funds will also be used to reinforce the brand’s leadership through online and off-line marketing campaigns.
Based in Paris, Berlin and San Francisco, Partech Ventures launched the Partech Growth fund early 2015 with an initial closing of €200M. The three partners in charge of the fund are Omri Benayoun and Bruno Crémel, based in Paris, and Mark Menell, based in San Francisco.
“This $34M deal with MADE.COM is the third one of Partech Growth and follows the $22M investment announced last June in FreedomPop, a California-based fermium MVNO”, said Omri Benayoun. « All those companies are true disruptors in their market”
The fund’s investment strategy is very selective, simple and ambitious: Partech Growth invests in companies that aim to achieve a global market leading position, and are capable of breaking the rules of their industry. The fund provides between $10M and $50M of capital to fast-growing technology and digital companies that have already achieved significant scale, whether in Europe or in the U.S., with the mission to help outstanding entrepreneurs to succeed in a global economy.
Paris, Jun. 17 2015
Partech Ventures leads $30M financing round for FreedomPopLearn more
Partech Ventures leads $30M financing round for FreedomPopParis, Jun. 17 2015
Partech Ventures leads $30M financing round for FreedomPop
Partech Ventures today announced that it has led a new $30M financing round in FreedomPop. FreedomPop provides disruptive mobile services so that no one is left off the “connected grid”. The company offers a suite of devices, services, and innovative social sharing and incentive benefits, providing consumers access to free high-speed Internet and mobile phone services worldwide.
“We are excited to have FreedomPop as one of the first investments in our new growth equity fund. We believe the company has an incredibly disruptive business model for today’s large and fast-growing global telecoms industry,” said Mark Menell, General Partner, who will be joining the FreedomPop board of directors as part of this round. “This is also largely a bet on FreedomPop’s outstanding management team, who we knew we could partner with from the first time we met.”
“Partech Ventures was the perfect fit for us given its network and reach in Europe, where we are focusing our initial international expansion” said Stephen Stokols, FreedomPop founder and CEO. “Partech, coupled with our existing U.S. investors, gives us support from Sand Hill Road to Europe.”
FreedomPop will use the funds from this to accelerate its growth in the U.S., scale its operation and expand its free mobile service to more people, in more markets. In May, FreedomPop, announced the launch of UK’s very first free mobile phone service this summer and expects to expand further into Europe later this year. The company also launched Jetsetter, the world’s first global sim that offers free service that will be initially available in the UK, Spain, and France.
Based in Paris, Berlin and San Francisco, Partech launched the Partech Growth in early 2015 with an initial closing of $250 million.
“The fund’s investment strategy is very selective, simple and ambitious. We invest in companies that aim to achieve a global market leading position, and are capable of breaking the rules of their industry”, said Mark Menell.
The Partech Growth fund provides between $10M and $50M of capital to fast-growing technology and digital companies that have already achieved significant scale, whether in Europe or in the U.S., with the mission to help outstanding entrepreneurs to succeed in a global economy.
Paris, May. 27 2015
Partech Ventures leads €10M financing round for KantoxLearn more
Partech Ventures leads €10M financing round for KantoxParis, May. 27 2015
Partech Ventures leads €10M financing round for Kantox
Partech Ventures today announced that it has co-led a new €10M financing round in Kantox, the pioneer in foreign exchange services for SMEs and mid-cap companies.
“With our 2nd significant investment in 18 months, Partech Ventures reaffirms its full commitment to Kantox” explained Philippe Collombel, Managing Partner at Partech Ventures and Kantox board member.
“Kantox is a fast growing company, with a clear business model led by a strong, visionary and ambitious management team” specified Philippe Collombel, who also added “with its disruptive model, Kantox can soon become the worldwide leader in foreign exchange services for SMEs and mid-cap companies.”
“We are very proud to announce this new with Partech Ventures and IDinvest Partners. This underscores their commitment, trust and precious support for our strategy that will enable us to accelerate our deployment and growth,” explained Philippe Gelis, CEO and co-founder of Kantox, “this funding will help us go further in the development of our product and bring our services to more SMEs and mid-cap companies, that will eventually benefit from an efficient and transparent foreign exchange management platform at the best price.”
In addition Kantox today announced that Patrick de Nonneville, a former partner and co-head of European interest rates products at Goldman Sachs, has joined the Board. “The Board of Directors is delighted to benefit from the deep technical expertise and immense experience of Patrick; this is also a validation of Kantox’s huge market potential”, added Philippe Collombel.
This new investment follows Partech Ventures’ strategy to invest in companies that are able to disrupt traditional markets, by modifying the core rules of major sectors.
“Finance is at the heart of digital transformation and FinTech constitutes an important investment sector for Partech Ventures” explained Collombel.
Partech Ventures has made a number of investments in the FinTech sector, with investments in Lendix (Paris), Auxmoney (Berlin), Bolt (San Francisco) and Kantox (London). The firm continues to seek other seed and early stage opportunities within the sector.
Paris, Apr. 3 2015
Partech Ventures creates the largest seed fund in Europe dedicated to tech..Learn more
Partech Ventures creates the largest seed fund in Europe dedicated to tech and internet start-upsParis, Apr. 3 2015
Partech Ventures creates the largest seed fund in Europe dedicated to technology and internet start-ups
The new fund Partech Entrepreneur II raised € 60M and plans to invest between €300,000 and €1 million in 70 startups , representing around one investment per month in the Silicon Valley, one per month in France, and one per month in other European countries.
Paris, Mar. 10 2015
Alkemics raises € 5 million from Partech Ventures and other investorsLearn more
Alkemics raises € 5 million from Partech Ventures and other investorsParis, Mar. 10 2015
Paris, Feb. 22 2015
Partech Ventures : first “Best Venture Capital firm” in France..Learn more
Partech Ventures : first “Best Venture Capital firm” in France and third in Europe according to DécideursParis, Feb. 22 2015
Partech Ventures : first “Best Venture Capital firm” in France and third in Europe according to Décideurs
Décideurs has issued its 2015 France and Europe Best Venture Capital firms ranking. Partech Ventures places first in France (in the “Must” category) and 3rd in Europe (in the “Excellent” category).
Paris, Feb. 11 2015
Partech Ventures participates in Sigfox new fundraisingLearn more
Partech Ventures participates in Sigfox new fundraisingParis, Feb. 11 2015
Partech Ventures, a founding investor of Sigfox, participates in its new € 100 million fundraising
Partech Ventures announces a new participation in Sigfox, the leading Internet of Things network operator. The press release is available here (in French). French (Les Echos, Le Figaro, Le Monde, etc.) and international (Wall Street Journal, Gigaom, VentureBeat, etc.) media praise this performance .
Paris, Feb. 2 2015
Day Use Hotels raises € 1 millionLearn more
Day Use Hotels raises € 1 millionParis, Feb. 2 2015
Day Use Hotels raises € 1 million from various investors, including Partech Ventures.
The information is in Maddyness (in French).
Paris, Jan. 28 2015
Novasparks ends 2014 with triple digit revenue growth, consolidating its p..Learn more
Novasparks ends 2014 with triple digit revenue growth, consolidating its position as the leading FPGA-powered market data companyParis, Jan. 28 2015
Novasparks ends 2014 with triple digit revenue growth
NovaSparks, the leading field programmable gate array (FPGA) market data company, today announced that it ended 2014 with year-over-year revenue growth of more than 100%. The press release is available here.
Paris, Jan. 26 2015
Partech Launches Growth Fund with Initial Close of €200M Aimed at Fundin..Learn more
Partech Launches Growth Fund with Initial Close of €200M Aimed at Funding Future Giants in the Digital and Technology IndustryParis, Jan. 26 2015
Partech Launches Growth Fund with Initial Close of €200M Aimed at Funding Future Giants in the Digital and Technology Industry
Paris, Dec. 18 2014
Partech Ventures inaugurates the Partech Shaker, the 1st campus dedicated ..Learn more
Partech Ventures inaugurates the Partech Shaker, the 1st campus dedicated to open innovation in the digital fieldParis, Dec. 18 2014
Partech Ventures inaugurates the Partech Shaker, the 1st campus dedicated to open innovation in the digital field
Partech Ventures inaugurated the Partech Shaker in Paris yesterday, in the presence of Emmanuel Macron, the French Minister for the Economy, Industry and Digital Technology, Axelle Lemaire, the Secretary of State responsible for Digital Technology, and Jean-Louis Missika, the Deputy Mayor of Paris. Full press release here.
Paris, Nov. 4 2014
Lendix, a new fintech project that will benefit the French economyLearn more
Lendix, a new fintech project that will benefit the French economyParis, Nov. 4 2014
Lendix, a new fintech project that will benefit the French economy
Partech Ventures has announced that it has acquired an interest in Lendix, one of the most ambitious start-ups in the crowd-funding sector, and which is entirely dedicated to funding VSEs and SMEs.
Paris, Oct. 30 2014
Partech Ventures: Europe’s first French Tier-One VCLearn more
Partech Ventures: Europe’s first French Tier-One VCParis, Oct. 30 2014
Partech Ventures: Europe’s first French Tier-One VC
France’s startup blog Rude Baguette presents Partech Ventures and the Partech Shaker.
Paris, Oct. 7 2014
Seven-figure funding for Lesara – the online store for discount prod..Learn more
Seven-figure funding for Lesara – the online store for discount productsParis, Oct. 7 2014
Berlin-based online discount store Lesara has announced a seven-digit seed funding round from Partech Ventures, Paua Ventures, Simile Ventures, Taishan Invest and business angels. VentureVillage
Paris, Oct. 1 2014
Preqin ranking puts Partech #1 in European VCLearn more
Preqin ranking puts Partech #1 in European VCParis, Oct. 1 2014
Preqin ranks Partech #1 consistent performing VC in Europe
Preqin’s Performance Analyst online service used performance data from over 1,600 venture capital funds and to produce a list of consistent performing venture capital fund managers. Partech ranks #1 in Europe and #10 globally. Full report: Consistent-Performers-in-Private-Equity-July-2014
Paris, Sep. 16 2014
Yieldr Launches Hyper RM at WLCA; Volotea Airline Sees 25% Increase in Boo..Learn more
Yieldr Launches Hyper RM at WLCA; Volotea Airline Sees 25% Increase in Booking VolumeParis, Sep. 16 2014
Today, at the World Low Cost Airlines Congress, Yieldr has launched Hyper RM, its revenue management solution, which leverages revenue and customer data to link the supply of a company to the demands of consumers.
Paris, Aug. 6 2014
TVTY raises $4.5 MillionLearn more
TVTY raises $4.5 MillionParis, Aug. 6 2014
TVTY raises $4.5 Million to bridge TV & Digital Ads – Rude Baguette
Following their performance at MIPCube earlier this year, TVTY has attracted Partech Ventures, 360 Capital Partners and a group of business angels to make a $4.5 Million investment in the adtech startup, which is oriented at triggering digital Ads in correlation with TV content
Paris, May. 13 2014
Partech Ventures participates in Auxmoney’s Series BLearn more
Partech Ventures participates in Auxmoney’s Series BParis, May. 13 2014
Auxmoney Pulls In $16M To Take Its P2P Money-Lending Platform Beyond Germany: The company has closed a $16 million Series B funding round, led by Foundation Capital. Partech Ventures and Scott Bommer also participated, alongside existing backers Index Ventures and Union Square Ventures. TechCrunch
Paris, Apr. 7 2014
Partech portfolio company Five9 raises $70m through Nasdaq IPOLearn more
Partech portfolio company Five9 raises $70m through Nasdaq IPOParis, Apr. 7 2014
Partech portfolio company Five9 raises $70m through Nasdaq IPO
The company, which has investors including Partech Ventures, Adams Street Partners and Hummer Winblad, goes public. Reuters
Paris, Mar. 28 2014
Sigfox Raises $20.6 Million To Create A Global Cellular Network For Connec..Learn more
Sigfox Raises $20.6 Million To Create A Global Cellular Network For Connected ObjectsParis, Mar. 28 2014
TechCrunch: French startup Sigfox raised a Series B round of $20.6 million (€15 million) from IDInvest and BPIFrance. Existing investors (Elaia Partners, Partech Ventures, Ixo and Intel Capital) also participated. As a reminder, Sigfox wants to create an alternative cellular network specifically dedicated to connected objects.