Partech Ventures has followed its $32m Partech Entrepreneur I fund with a corporate-backed $65m second fund, the largest dedicated seed fund in Europe.
Partech Ventures, a France-based venture capital firm, has announced the creation of a €60m ($65m) seed fund entitled Partech Entrepreneur II, according to a report on TechCrunch yesterday.
Investors in the fund include supermarket chain Carrefour, business support service Edenred, insurance group Groupama, point-of-sale device company Ingenico and automotive company Renault, all of which are based in France.
Sixty French private investors also invested in the fund.
The fund will invest between €300,000 and €1m in startups and provide follow-up…
