Venture Capital agency Partech has raised a new fund focused on seed investments. Named Partech Entrepreneur III, it’s the third seed fund from the VC firm. Partech declared the ultimate closing of its previous seed fund in December 2016.
The agency is looking for corporations at the very early stage, from pre-seed to pre-Series A. Partech can make investments as little as a few hundred thousand dollars and as much as several million dollars depending on the stage of the startup. If the startup is doing nicely, Partech desires to be able to make investments again in follow-on Series A and B funding rounds.
Partech is focused on six verticals in particular — health, work, commerce, finance, mobility, and computing. Whereas it’s quite broad, the company now has a team of 10 investors devoted to the seed funds. They’re based in Paris, San Francisco, and Berlin.
Over the years, Partech has concluded 160 investments in 22 nations via its three seed funds. The venture capital firm manages a community of 400 founders who can give some feedback, make some introductions, and help portfolio corporations in general. A third of those founders are limited partners in Partech’s seed funds.
Out of those 160 seed investments, 17% of those startups have at least one female co-founder. During the past two years, 29% of Partech-backed startups had a female co-founder at the initial level.