Racine advises Partech, the global technology investment firm, on the closing of Partech Entrepreneur IV, its fourth Seed fund, at its €120M hard cap. The oversubscribed fund has seen support from leading financial institutions, multinational corporations, family offices and 100 entrepreneurs – of which 35 were themselves funded by Partech in the past.

Partech Entrepreneur IV will back around 50 founding teams in Europe and across the globe, at pre-seed and seed stage. Thanks to a flexible and collaborative model, it can invest as a lead investor or co-investor, with initial checks from €300K to €3M, and typically reinvest until Series B.

The Seed strategy at Partech is managed by a dedicated team of former entrepreneurs from Europe and the US. The team is not limiting itself to specific industries, markets or models: “We are convinced that spotting the future leaders of new emerging categories often requires a broad scope, and a genuine open-mindedness towards what the most talented Founders come up with” explains Romain Lavault, General Partner at Partech.

With its past Seed funds, Partech backed a range of iconic companies such as Alan, the health insurance & superapp, Sorare, the NFT fantasy sport gaming platform, Jellysmack, the technology platform for creators, Xendit, the digital payment infrastructure for South-East Asia, or Merama, the leading e-commerce aggregator in Latin America.

For this closing, Partech was advised by Racine, with a team led by partner Rima Maitrehenry and associate Stein Mpassi Loufouma.