Once Investor Partech Ventures Closes €400m Growth Fund

partech ventures

Once investor Partech Ventures has just closed its new €400m growth fund.

The global VC firm’s growth fund, called Partech Growth, will be used to invest in later stage startups & fast-growing technology and digital companies.

Partech plans to invest between €10m and €50m with this new growth fund, which is a “direct response” to the lack of funding available in this segment across Europe.

Speaking about the fund, Partech Ventures General Partner Omri Benayoun said: “When we launched Partech Growth at the beginning of 2015, we aimed at raising a 300 million euro fund.

“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.”

Earlier this year, Partech Ventures reinvested in French dating startup Once, taking the app’s total funding to €8m.

In 2015, Partech, which has offices in San Francisco, Berlin and Paris, invested €3.5m in the dating brand to help the app grow.

Partech’s whole firm now covers the entire funding chain for startups, with Partech Entrepreneur Fund providing seed capital, Partech International Venture Fund for early stage and Partech Growth for growth stage.

Find out more about Partech Growth here.

Simon Edmunds

Simon is the former editor of Global Dating Insights. Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association. Passionate about music, journalism and Newcastle United.

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