Partech Ventures

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Partech Ventures
Industry Venture Capital
Headquarters San Francisco, United States
Paris, France
Berlin, Germany
Key people
Philippe Collombel
Jean-Marc Patouillaud
Nicolas El Baze
Romain Lavault
Omri Benayoun
Bruno Crémel
Mark Menell
Olivier Schuepbach
Reza Malekzadeh (entrepreneur)
Total assets $ 850 million
Number of employees
25-50
Website www.partechventures.com

Partech Ventures is a venture capital firm specializing in information and communication technologies, operating in Europe, Paris and Berlin, as well as in the US, in San Francisco. Partech Ventures currently manages €850 million across three separate funds, each dedicated to different stages of investment: seed, start-up and growth.

In 2014, the Preqin rankings rated it as one of the top ten venture capital firms in the world and the best in Europe (the only European firm in the top thirty); according to Décideurs, it was also the best capital venture firm in France in 2015. The company launched its Partech Shaker campus in 2014 to much acclaim. The company also launched growth capital fund Partech Growth in January 2015[1] and the Partech Entrepreneurs II fund in March 2015.[2]

History[edit]

Partech Ventures was originally called Paribas Technologies, and was a subsidiary of the Paribas bank. Partech International was co-founded in 1982 by Tom McKinley and Vincent Worms. The firm moved to California in 1985. In 2007, it was taken over by Jean-Marc Patouillaud[3] and Philippe Collombel,[4] who joined Partech in 1996 and 2001 respectively. They still head up this company in their role as managing partners. 2012 saw Partech Ventures move to Berlin.[5]

Portfolio[edit]

With its different funds, Partech Ventures participated in the development and success of many startups and digital companies, French and international, including Business Object, sold back to SAP in 2008, Dailymotion, sold back to Orange in 2013, and La Fourchette, sold back to TripAdvisor in 2014, or Sigfox more recently.[6]

Active funds[edit]

Partech Ventures operates right across the financing chain for start-ups.

Seed capital[edit]

Partech Entrepreneur I, which exited in October 2013 for a total of €30 million, has invested in several start-ups such as PriceMatch and Evergig. With half of its capital subscribed by Bpifrance as well as Econocom and BNP Paribas, the fund is managed by Romain Lavault with the aim of financing 30 projects.[7] In 18 months, Partech Entrepreneur I has made it possible to invest in thirty emerging companies: 19 in France, 8 in the US and 3 in Germany. One quarter of these companies racked up in excess of a million euros in turnover.[8]

Partech Entrepreneur II is a second seed capital fund, launched in January 2015, with the aim of investing in Technology projects. It exited with a capital of €60 million, making it Europe’s largest seed capital fund to date in the digital sector.[8] Its aim is to finance 70 start-ups with a starting investment of between €300,000 and €1 million.[8] Its investments are expected to be scheduled at a rate of three per month: one in France, one in Germany and the rest of Europe, and the third in Silicon Valley.[2] The fund is supported by Bpifrance, Carrefour, Econocom, Edenred, Groupama, Ingenico Group, Neopost, FDJ, BNP Paribas and Renault-Nissan. Funds have also been contributed by entrepreneurs and mentors based in France and on the other side of the Atlantic.[8]

Venture capital[edit]

Partech International VI exited in December 2011 for a total of €100 million,[9] an amount that rose to €130 million in October 2013 on the back of several significant investments by the likes of Lafourchette, Sigfox and, in September 2015, Compte Nickel.[10] Jean-Marc Patouillaud and Philippe Collombel head up this fund, which is expected to negotiate between 20 and 25 transactions over a four-year period.[11]

Growth capital[edit]

Partech Growth, which first exited in January 2015 for a total of €200 million. This fund, which is expected to negotiate one to two investments per year with starting investments of between €10 million and €45 million, has been entrusted to Bruno Crémel, Omri Benayoun and Mark Menell. It comprises major industrial groups such as Renault, Carrefour and CNP Assurances.[1] Several institutional investors, who have supported the fund for several years now, have subscribed – including Bpifrance, CNP Assurance and AG2R La Mondiale – as well as big groups like Carrefour, Ingenico, Groupama and Renault.[1] The fund has also invested in Made.com[12] and Freedom Pop.[13]

Partech Shaker[edit]

In December 2014, Partech Ventures unveiled Partech Shaker, a campus dedicated to open innovation, i.e. the exchanging of experiences and cooperation between start-ups and major groups.[14] It is the first time that a venture capital fund has created its own start-ups campus.[15]

The Shaker's premises, located at 33 rue du Mail in Paris, are home to around thirty Partech Ventures start-ups (currently Kartable and Influans) along with major companies (currently France Télévisions, Lagardère, Saint-Gobain, etc.).[14] Among the most promising start-ups hosted by Partech Shaker are the French arms of Kantox and Sigfox.

The premises are also open to foreign start-ups keen to gain a foothold in Paris: in 2015, Partech Shaker welcomed Hotel Tonight, Pinterest and Dropbox.[16]

Examples of companies currently supported by Partech Ventures[edit]

  • BrandforFriends: private sales website operating in Japan
  • Monax: blockchain and smart contract infrastructure provider
  • TheFork: restaurant booking service online, leader in France and Spain
  • RockYou: world leader in developing apps for social networking
  • Scoop.it: information tool curation online
  • Sensee: French leader in online eyeglasses sale
  • Sigfox: first network operator data Machine to Machine (M2M) and Internet of Things (IoT)
  • VenteAlaPropriété: shopping club for lovers of wine, based in France

Examples of companies formerly supported by Partech Ventures[edit]

  • Ascend Communications (NASDAQ: ASND)
  • Business Objects (NASDAQ: BOBJ)
  • Brands4Friends (acquired by EBAY)
  • Cadence Design Systems (NASDAQ: CDNS)
  • DailyMotion: the world's largest independent site for sharing video on the Internet
  • Digital Island (NASDAQ: ISLD)
  • Digitick: leader of the paperless ticket in France,
  • Qype: first European website sharing interests,
  • Vignette (NASDAQ: VIGN) management solutions content on the Internet and e-business applications,

References[edit]

External links[edit]