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Partech newsletter: 1 acquisition, €42M raised : mighty oaks from little acorns grow !
November 26th, 2019
Since our last issue, much has transpired for our portfolio champions as our top-notch selection keeps growing and growing: we support now 160+ companies in 26 countries, making up an extensive community of multi-talented founders spanning across Europe, USA, Africa and SouthEast Asia!
We are very happy for portfolio company Frontier Car Group: OLX Group announced they would be investing up to $400M in the company! OLX group is the classified business of South African investor Prosus - formerly known as Naspers. OLX offers sellers and dealers a well-known, respected, and global listing service to buy and sell used cars, but the service stops with classified ads. Therefore the corporation will integrate FCG’s technology and marketplace to dramatically increase the services available to users and expand faster.👏
And hot off the press: Twitter is lucky enough to have acquired Aiden.ai! Congrats, especially to the co-founders: Marie Outtier & Pierre-Jean PJ Camillieri 👏 "Aiden.ai proves once again that what matters most for a tech startup is: team, team, team and the ability to execute and get things done," says Reza Malekzadeh in this blogpost about their journey.
Have a great read!
The Partech Team
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Welcome to the Partech family!
Lalilo raised €5M ($5.5M) with Educapital, Citizen Capital and us. Lalilo is on a mission to encourage kids to read, grow and learn with fun and engaging techniques and the best online tools available. The EdTech also announced their exciting RFP win with the French Department of Education that finances a 12-month R&D phase for three selected projects in both STEM and literacy. Hearty congrats to the three co-founders!
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€38M of fresh money for our portfolio companies
Coachhub raised combined €16M ($17.7M) with Partech, HV Holtzbrinck Ventures, RTP Global, and Speedinvest. The coaching platform will use the capital to grow its global pool of coaches in the UK France, Germany, Southern Europe, Benelux and the Nordics, to name a few. We're thrilled to have Coachhub democratize access to a wide range of coaching with different skills, languages and experiences across many geographies.
Peanut has closed on €4.5M ($5M) in a new funding round led by Index Ventures. The social network of more than a million women also launched a much anticipated service: TTC, or Trying To Conceive (TTC) community, a space where women can discuss fertility and seek advice and support from those on similar journeys. Congrats Michelle Kennedy & team! We are thrilled by the launch of this new community considering the impact it will have for women around the globe! 👏
Remedee Labs confirmed €11M ($12M) in funding to accelerate electronic medication breakthrough. The Series A round was led by Hardware Club, with participation from Habert-Dassault Finance, Partech, C4 Ventures, Supernova Invest, plus a group of private investors. Remedee Labs also unveiled breakthrough endorphin stimulation solution, their new electronic pain medication. Bravo!
FinTech Acatus raised €5,5M ($6M) in a Series A round. DIP Capital LLP and Coparion co-led the round, and were joined by investors including Partech, Berliner Effektengesellschaft AG and Berliner Volksbank Ventures. The B2B-Fintech offers originators the ability to sell debt in the form of bonds to existing or new investors. Learn more.
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