{"id":129914,"date":"2023-12-14T16:52:50","date_gmt":"2023-12-14T15:52:50","guid":{"rendered":"https:\/\/prod1-sb.designtech.space\/partech-venture-fund-debuts-with-an-investment-in-an-italian-startup\/129914\/"},"modified":"2023-12-14T16:52:50","modified_gmt":"2023-12-14T15:52:50","slug":"partech-venture-fund-debuts-with-an-investment-in-an-italian-startup","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/partech-venture-fund-debuts-with-an-investment-in-an-italian-startup\/129914\/","title":{"rendered":"Partech Venture fund debuts with an investment in an Italian startup"},"content":{"rendered":"

Partech’s new venture fund, called Partech Venture, is the natural continuation of the strategy of the previous fund Partech International Ventures VII, which is to invest in and support for the long term companies that develop mission-critical solutions, bringing digital transformation to the hearts of large companies and SMEs. The fund, which has a target of \u20ac360 million, has already received commitments of \u20ac180 million and among the limited partners there is also CDP Venture Capital, which with this operation inaugurates the operations of the International Fund of Funds,<\/strong> which sees it committed to participating in European venture capital, thus encouraging the attention and availability of international capital towards Italian startups such as, In fact, it demonstrates the first investment by Partech Venture involving the Italian startup Smartpricing. <\/a>Partech Venture thus confirms its interest in the Italian market and has recently opened an office in Milan, appointing Simone Riva as head of local deal flow.<\/strong><\/p>\n

The investment team, led by Philippe Collombel and Reza Malekzadeh, has been strengthened with the addition of experienced profiles, including Jean Sini, Simone Riva and Elena Moneta, the latter two both Italian. Together, they bring a wealth of operator and investor experience, combining a mix of expertise across both technical and business verticals and a strong international component. Expertise in product, business development, go-to-market, M&A, research and selection and fundraising will be put at the service of the companies in the new fund’s portfolio. Companies will also be able to access the other teams on the Partech platform.<\/p>\n

“We continue to build for the future by building on the success of our previous venture fund, with experienced partners who have assembled a portfolio of leading companies in Europe; we have also decided to expand the team with international talent to increase our coverage of the best European deals,” Philippe Collombel, general partner and co-founder of Partech, said in a statement.<\/strong><\/p>\n

Partech Venture will invest primarily in four verticals: application software, deeptech software (data & AI infrastructure, cybersecurity, devops), B2B & B2B2C vertical platforms, and fintech & insurtech applications.<\/strong> The investment thesis and ambitions remain the same: to lead funding rounds in 22-24 European companies at the Serie A and Serie B stages with recurring revenue in the range of 1-10 million euros.<\/p>\n

“We are essentially maintaining the same investment strategy for our new venture fund: we will look to invest in high-potential category leaders with the ambition to expand at least at the European level at first, and then look to the United States,” comments Reza Malekzadeh, general partner.<\/strong> Malekzadeh adds: “We have only just started to exploit the great market potential resulting from the digital transformation of European businesses and SMEs. Europe’s expertise in developing mission-critical applications for productivity tools, digital infrastructure, data protection, cybersecurity, and data- and AI-based solutions has significantly improved over the past 10 years.”<\/p>\n

Partech Venture’s investors include international financial institutions, sovereign wealth funds and multinational companies, including Allianz France, BNP Paribas, BPIFrance, CDP Venture Capital, Edenred, FDJ Ventures, JCDHolding, LCL and Lombard Odier Investment Managers. “We are thrilled with the strong support we have received from Partech Venture, a testament to the success of our previous fund, the effectiveness of our investment strategy and the commitment of our team,” adds Philippe Collombel<\/strong> . To date, we have received a commitment for half of the fund, \u20ac180 million, with the support of a wide range of investors.”<\/p>\n

Overview of Partech Venture<\/strong><\/h2>\n

Partech Venture, successor to the PIV VII fund, has invested in and supported global category leaders including:<\/p>\n