HomeFrancePartech Holds First Closing of €300M Growth Impact Fund

Partech Holds First Closing of €300M Growth Impact Fund

Partech

Partech, a Paris, France-based global technology investment firm, announced the first closing of its Growth Impact Fund.

Backers included a diversified and international asset of investors including Bpifrance, the EIF backed by the InvestEU programme, Legrand, LCL, and Societe Generale. The vehicle has a target size of €300m.

Led by General Partners, Rémi Said and Arnaud Minvielle, Partech Impact aims to partner with 15 impact-native technological global champions, addressing fundamental climate and social challenges. They will invest in B2B companies that have reached at least €10M of revenues.

The objective is to support their growth journey, filling the gap that we see in the current funding landscape between early-stage funds and large buy-out funds. Alongside capital, the companies will be able to tap into the knowledge and expertise of the team mixing buy-out, growth, tech, operational and consulting experience. These companies can expect hands-on support ranging from shaping the strategy, and establishing solid foundations and operating systems, to driving commercial traction, facilitating organisational growth, and supporting a framework for measuring their impact.

Partech Impact’s team also includes Karim Tadjeddine (acting as Senior Advisor, formerly Senior Partner at McKinsey) joined by 3 Investment Directors: Trisha Nangia (formerly Head of Strategy and ESG at Blackrock), Laetitia Marcade (formerly Senior Associate at Partech Growth) and Alizé Laurent (formerly Associate at Eurazeo).

Partech Impact has already finalized its first investment in SustainCERT, an Amsterdam, The Netherlands-based climate impact verifier playing a critical role in the digital verification and certification of carbon reduction projects for project developers and corporates.

Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Born in San Francisco 40 years ago, today the firm manages €2.5B AUM and has a current portfolio of 220 companies in 40 countries, across 4 continents.

VCWire

07/12/2023