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Partech Newsletter: 230M raised 💰 and scaling 🚀 in uncertain times
Oct. 8, 2020
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September came and went and we all hoped for a decline of the coronavirus pandemic which would bring light at the end of the tunnel. However, we still find ourselves navigating the twists and turns of the unexpected. In this context of uncertainty, agility, ingenuity and smart solutions are more important than ever. Our portfolio companies, rising to the challenge, have not missed a beat since the beginning – and the media took note!
- South-African Yoco's quick response to the pandemic was showcased in this TechCabal article. Oh, and have you watched their great Restart video?
- Transcelestial was featured in a CNBC report into Singapore's startups throughout the pandemic;
- Papernest's expansion to the UK and distribution by 1 in 3 real estate agents in France was highlighted on French TV BFMBusiness, etc.
Not only did our portfolio champions react efficiently and effectively, some continued their expansion, like Alan who has launched in Spain, or Sorare, with whom we had a chat - see the Exclusive Interview section.
You can also read more about Partech's own considerable growth spurt, as we now have 180+ portfolio companies, we are gathering all the support and talent we need to offer you top notch support!
Now, let's get you in the know!
The Partech Team
$230 Million Raised by our Portfolio Champions
sendinblue: $163 Million
sendinblue, the leading all-in-one marketing and sales solution, raised $163M in a new Series B round. The investment round had participation from Bridgepoint, Blackrock, BPI and Partech. These impressive new funds will allow Sendinblue to further increase its revenue after the recent demand for digital marketing services due to the pandemic. It will help the marketing champion hire new staff across its international offices to attain its goal of $200M annual turnover by 2025.
Medigate: $30 Million
Medigate, a leading medtech offering dedicated medical device security and asset management platform, raised $30M in a new Series B round. The investment round was led by Partech with existing investors, YL ventures, USVP, Blumberg Capital and Moar investments also participating. The new funds will be used to meet the exploding demand of healthcare organizations needing advanced protection, visibility and cost control as they tackle the present pandemic and plan for the future.
Zolar: $17 Million
Zolar, the leading online photovoltaic company offering solar and battery storage systems including installation for residential houses, has raised $17M in a new Series B funding round. This round was led by Inven Capital, with previous investors Heartcore Capital, Statkraft Ventures, BayWa r.e. Energy Ventures and Partech also reinvesting. The new funding will be used to improve aspects of their business such as their digital customer platform and the Zolar project center.
Macrometa: $7 Million
Macrometa, a leading startup that provides edge computing infrastructure for app developers, has closed a $7M seed round. The funding was led by DNX Ventures with Benhamou Global Ventures, Partech, Fusion Fund, Sway Ventures, Velar Capital and Shasta Ventures also participating. Macrometa will use the new funding to scale up their services to support enterprise software as the demand for 5G begins to increase.
Metadata: $6.5 Million
Metadata, a leading data-driven, customer acquisition platform for B2B companies, has raised $6.5M in a Series A. The round was led by Resolute Ventures with participation from Greycroft, York IE, Strombreakers, as well as Partech. The funding will allow Metadata to expand its product capabilities, meet the increasing momentum of customer demand, scale its go-market motion and achieve category leadership.
Lendtable: $3 Million
Lendtable, a US startup set to solve the long-term savings and liquidity problem, has raised $3M in new funding. The round had participation from, Valor Equity Partners, Streamlined Ventures, Valia Ventures, Socii Capital, Partech and Green Visor Capital. The new funds will help Lendtable hire a world-class team. They will invest in building technology that aids underwriting, distribution and servicing, which will establish Lendtable as a household name.
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