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First half of 2021: Record growth for Partech!
July 8, 2021
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The international VC firm announces exceptional results for the first half of 2021, with 9 unicorns in its portfolio and nearly $260 million invested during this period.
Paris, July 8, 2021 - Partech announced today an exceptionally active first half of the year, the most active since its creation. The VC firm, founded in 1982 in San Francisco and re-launched in 2008 in Paris, had in 2020 already supported more than 82 start-ups in 24 countries in Europe, the US, Africa and Asia, placing it among the 10 most active early-stage funds in the world. The first half of 2021 saw the pace of value creation and investment accelerate, as Partech portfolio companies raised a total of $3B.
Record investments and 9 unicorns already
Since the beginning of 2021, despite the uncertain economic environment, Partech has already invested nearly $260 million in 60 deals, including $155 million in 18 new companies and $105 million in follow-on investments.
18% of Partech portfolio companies are now unicorns or soonicorns, including eight companies which have joined the unicorns' ring since January, on the back of very strong revenue growth.
Among the unicorns are:
• 7 companies supported by Partech since their early days, through seed and early-stage funds, including Toss, Alan, Jellysmack, ManoMano.
• 2 companies supported at Growth stage: Rohlik, which became a unicorn only three months after the initial investment, and Made.
The first half of 2021 also demonstrated once again the attractiveness of Partech portfolio companies to the Tier-1 global funds such as Accel, Benchmark Capital, Coatue, Dragoneer, Emergence, General Atlantic, Green Oaks, Index Ventures, KKR, L Catterton, Sequoia, Softbank, Temasek, and Tiger Global, among many others.
16 exits/IPOs in six months
Since January, 16 companies have exited or are in the process of exiting the portfolio, including four transactions in excess of $450 million and the largest tech M&A in Africa. This new wave of Partech alumni includes: Volterra acquired by F5 Application, Brandwatch which joined Cision, SendWave acquired by World Remit, Alkemics which joined Salsify, Bloomon acquired by Bloom & Wild, Lalilo acquired by Renaissance, etc. The cumulative value of the exits to date amounts to $2.8B.
The IPO of Made on the London Stock Exchange in June 2021 also marks an important milestone for Partech funds, as it is the first European IPO of a Partech portfolio company. Made was the first European investment of the Partech Growth fund in 2015.
Boosting the post-Covid recovery
With its headquarters and a startup campus in Paris, offices in Europe, the US and Africa, and 70 professionals of 20 nationalities from all continents, Partech is a fast-growing, independent, multi-stage investment platform wholly dedicated to tech and digital investment, powering growth across all industries.
The current portfolio of 200 companies and their c.25,000 employees, based in more than 30 countries on 4 continents, is a strong booster for economic development, attracting funding and talent in each of the local tech hubs where Partech-backed companies operate.
This growth engine can also drive positive change for environmental and social issues and Partech encourages its portfolio companies to act as thought leaders on ESG criteria. A noteworthy fact to highlight: despite the unsettling events of 2020, our portfolio companies created nearly 2,000 permanent jobs during last year.
This growth is only possible thanks to the strong daily commitment of the teams at the service of entrepreneurs, and the support of international investors who have trusted Partech funds with their long-term capital. Last but not least, the firm is grateful to the entrepreneurs who have chosen to work with us. They, and their teams, are the heroes we are privileged to support.
Born in San Francisco and Paris, Partech is one of the most active VCs in the world, bringing together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages. The current portfolio includes 200 companies in more than 30 countries, of which 9 are valued at more than $1B.
Isabelle Tresson, firstname.lastname@example.org +33 7 86 08 85 85
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