December 21st, 2023
As we close Partech’s Four Days of Christmas, it’s clear from the collection of insights shared by the VCs across the ecosystem, 2024 is a year set to be filled with opportunities and ongoing market shifts some of which can be attributed to the ongoing geopolitical challenges, spanning war, health, and climate crises.
Innovative climate solutions and the GenAI craze will continue to attract significant investments, but VC focus on mature SaaS solutions will see a decline in favor of PE. VC tech investments will be prioritized around vertical SaaS, AI, ESG, infrastructure software, and cybersecurity. Markets will continue to be volatile, making VC funding tougher to secure. The shift toward profitable growth means startups and scaleups will need to continue to excel in, and prioritise revenue, growth and net retention metrics. This will also prompt increased hiring of CROs, driving demand for related software solutions.
In 2024 and beyond, we also anticipate an investment surge in unexplored territories like Africa with more startups building and selling globally from day one. This will especially be the case for SaaS, fintech, and edtech businesses.
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Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. We are a team made up of independent thinkers. We are unconstrained by hype, trend or fixed ways of working. We believe in the power of alliance in action, working together and side-by-side with the founders we back, in the shared pursuit of success. We bring together capital, operational experience and strategic support for the entrepreneurs we back from seed through to growth stage. Born in San Francisco 40 years ago, today we manage €2.5B AUM and our current portfolio of 220 companies in 40 countries, across 4 continents.