The fund, titled Partech Growth II, is dedicated to European scale-ups.

Partech, which invests its venture capital in tech and digital companies at all stages in Europe, North America, Africa and Asia, announced today the close of its second fund at $750 million, well above its target size. The VC firm plans to invest the money in 12 -15 European scale-ups with an average check size of between €20 to €70 million ($23 million to $80 million). (Tech EU)

Partech’s current portfolio is spread over more than 200 companies across more than 30 countries. Of these, 12 are unicorns (valued over $1 billion), including Alan, Bolt, Cazoo, Jellysmack, Made.com, ManoMano, People.ai, Rohlik, Sorare, Toss, Wave, and Xendit. 

Partech II: Growth reloaded

“Partech Growth II is fully loaded for bear and off to an exceptional start,” the firm said in a statement. “We’re proud to have already welcomed five well-established scale-ups, across a range of sectors, into the Partech family.”

These startups are:

• Online grocer Rohlik (Prague),
• Online scheduling and personnel management tool Skello (Paris),
• D2C fashion brand Rouje (Paris),
• 15 million+ student knowledge-sharing platform Studocu (Amsterdam),
• B2C enterprise customer experience, bill and payment platform, Billogram (Stockholm).

Remote fundraising

The latest fundraise was accomplished remotely due to the pandemic, yet received commitments from over 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. 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.” says Omri Benayoun – General Partner, Partech Growth.

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Image credit: Partech