Having previously invested in several FinTech companies, Partech is now aiming to inject even more capital into promising ventures after closing its latest seed fund – Partech Entrepreneur III.
It plans to use the new $100m fund to back “companies that demonstrate that they will play a part in shaping a new world post COVID-19,” according to a statement.
“These involve startups focusing on emerging trends in health, work, commerce, finance, mobility and computing,” Partech continued. “COVID-19 has shaken the world considerably, but what it has not impacted is Partech’s ability to invest in promising young companies, and this is reflected through the eight new investments and two commitments made since the start of the pandemic.”
The new fund has seen Partech’s seed funds exceed $300m in total. It has made 160 investments in 22 countries across Europe, the US and Asia. Partech has previously invested in companies like French InsurTech Alan, merchant platform Tinvio and Japanese challenger bank Kyash.