Partech newsletter: $130M+ raised by our portfolio champions!
May 14th, 2020
We have stayed close to and been continuing to support entrepreneurs in this unprecedented situation. While working from home has become the new normal, we announced the final closing of our third Seed fund. The fund is dedicated to investing in companies that demonstrate that they will play a part in shaping a new world post Covid-19 and participating in the increased digitalization investments. These involve startups focusing on emerging trends in health, work, commerce, finance, mobility and computing.
And there's no end in sight to the innovation of our portfolio with companies creating new offers adapted to the current situation - see Amboss below - and other continuing to grow - see Getsafe and TerraPay.
We also wanted to update you about the caritative initiative we joined: the collective donation to provide meals for caregivers in French hospitals. The objective was to offer 40,000 meals. Well, thanks to the generosity of all, by May 11th, 100,000 meals had been given to 34 hospitals and nursing homes! A big thank you to all who participated.
Now, let's get you in the know!
The Partech Team
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$136.3 Million Raised by our Portfolio Champions
Alan: $54.4M
This Series C round was led by Temasek with various existing investors participating (such as Index Ventures). This round brings Alan's total raised over four years to $136 million, furthering their mission to become the all-encompassing first port of call health app for everything health-related. Read more.
Bugcrowd: $30M
Bugcrowd raised $30M in this Series D funding round led by previous investor Rally Ventures. The San Francisco-headquartered company reports total amount raised to $80 million since the company's inception in 2011. Read more.
Agicap: $16.2M
Agicap raised $16.2M in a round led by Partech. Existing investors BlackFin Capital Partners and Kima Ventures also participated, which comes only 7 months after BlackFin led the company’s seed round. This round will ensure Agicap can continue strengthening its product and growing its sales team. Read more.
Peanut: $12M
Peanut raised $12M in a Series A round led by EQT Ventures, and participated in by Index Ventures and Female Founders Fund. This brings Peanut’s total raise to date to $21.8 million. Since the outbreak of Covid19, Peanut has seen engagement across its app increase by 30% and content consumption increase by 40%. Read more.
Glofox: $10M
Glofox announced a $10M fundraise, bringing total funding for the company to date of $23M. The round was led by Octopus Ventures with Notion Capital, Partech, Silicon Valley Bank, and Tribal VC participating. Glofox also launched a new platform enabling gyms and fitness studios to deliver live streaming and premium on-demand content. Read more.
Igloo: $8.2M
This Series A round was led by InVent, a corporate venture capital arm of telecommunications firm Intouch Holdings. Existing investors Openspace Ventures and Linear Capital, participated in this round, which makes four-year-old Igloo’s to-date raise to $16 million. The funds will go towards Igloo's expansion. Read more.
Tinvio: $5.5M
Tinvio secured $5.5M in seed funding led by Surge, Sequoia Capital India’s rapid scale-up program, with participation from Global Founders Capital and Partech. The new financing will be used to accelerate product development and market expansion in line with the company’s vision to reimagine how businesses interact and transact. Read more.
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