Partech Ventures has closed the $227m first tranche of its Partech Growth fund, which is backed by AG2R La Mondiale, CNP Assurances, Carrefour, Ingenico and Renault.

Venture capital firm Partech Ventures reached the €200m ($227m) first close of its Partech Growth fund with backing by corporate limited partners including automotive company Renault and retail chain Carrefour.

Backers also included insurance companies CNP Assurances and AG2R La Mondiale, payment services provider Ingenico Group and France’s public investment bank, Bpifrance, which invested specifically on behalf of the French government’s Future Programme.

The tranche was raised over four months, and the fund will make individual growth equity investments between…