Partech newsletter: $76 M to explore new frontiers and the Silicon 100 list!
July 9th, 2020
At Partech, we admire founders who are leaders in their industry, ready to explore new frontiers and take their space up a notch. This month, we've got some newbies to our portfolio that just might blow you away: Transcelestial is building a space laser network to deliver a step-change in internet connectivity globally; Capital, a leading innovator in the emerging category of capital as a service; Symmetrical, who's bringing ethical finance to employees in Europe; Nomad Homes building a digital real-estate paltform for Europe and the Middle East; and Moneyfellows, making strides digitalizing money circles. Our worlds have officially been rocked.
Now, let's get you in the know!
The Partech Team
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$76 Million Raised by our Portfolio Champions
Alkemics: $24 Million
Alkemics, a platform enabling brands to launch products with retailers, raised $24M in a Series C funding round led by Highland Europe. As it experiences soaring demand from grocers and suppliers responding to the rapid shift to omnichannel shopping, Alkemics will use the new funds raised to launch in new countries in Europe, beginning with Germany, Benelux and Scandinavia.
ubble: $11 Million
ubble raised funds from Partech and Breega to complete its seed round, bringing its total financing to more than $11M. ubble's objective is to fight identity fraud on the Internet by relying on artificial intelligence and video streaming technologies. The funds will allow ubble to conquer new French and European markets while also strengthening its team.
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Transcelestial: $9.6 Million
Transcelestial raised $9.6M with EDBI and Wavemaker Partners leading the round, and Airbus Ventures, Partech, Entrepreneurs First and others participating. Transcelestial developed a proprietary wireless laser communication technology to provide a rapidly deployable, affordable, low cost and high speed last mile connectivity solution.
Capital: $9 Million
Capital raised $9M with AME Cloud Ventures, Future Ventures, Greycroft, Wavemaker Partners, Partech, and renowned angel investors. Capital will use the new funds to further develop its AI-based The Capital Machine and expand its efforts to empower companies to better understand their current capital stacks and make optimal fundraising decisions.
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e-peas: $9 Million
e-peas secured a $9M fundraising round led by Partech and Airbus Ventures, with KBC Focus Fund, SRIW, Noshaq Ventures and Startup Vives also contributing. e-peas develops and markets disruptive ultra-low power semiconductor technology. The funds will go towards accelerating the introduction of new products and intensify the market penetrations of its existing products.
Symmetrical: $6.3 Million
Symmetrical raised $6.3M in a round led by Global Founders Capital and Partech, with participation from existing investors Finch Capital, Market One Capital and Plug&Play. The funds will be used to further develop Symmetrical's solution to continue to grant employees peace of mind when it comes to their salary.
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Nomad Homes: $4 Million
Nomad Homes closed a $4M funding round led by Comcast Ventures and participated in by Abstract Ventures, Partech, Precursur Ventures, WndrCo and Class 5 Global. Nomad Homes is a digital real estate platform that brings the entire experience of buying and renting homes online. The money raised will be used to scale Nomad's engineering team in the US and grow its marketplace and services. The company is also laying the groundwork for its second launch city in Europe.
Moneyfellows: $4 Million
Egyptian fintech platform MoneyFellows, a financial enabler that digitizes money circles, or ROSCA, secured $4M in Series A investment from venture capital firms Partech and Sawari Ventures, as it works towards helping millions of new users reach their financial goals. The investment will fund MoneyFellows’ expansion into Africa and new product launches.
Read More.
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