New seed fund of 120 million euros launched

Global tech investor Partech has announced the closing of its fourth seed fund. The money will flow into founding teams in Europe.

Partech Entrepreneur IV is the name of the fourth seed fund of global tech investor Partech. Partech intends to use it to invest a total of 120 million euros in start-ups from Europe. The investor is looking for start-ups in the pre-seed and seed phase. To this end, it wants to participate in financing rounds with sums of between 300,000 and three million euros.

Although Partech originally comes from San Francisco and Paris, the venture capitalist has already invested in a whole range of German start-ups. These include Aumio, Getsafe, Heyday, Oviva, Upvest, Seatti, Coachhub, Kenbi and Zolar.

The seed strategy of the now closed fund is managed by a team of former European and US founders. There is no particular sector focus. "We are convinced that openness and a broad focus are needed to find the founders who will lead a new category," says Romain Lavault from Partech.