Partech

🏆 Congratulations to Formality, Presti & Weglot! 🏆 3 of our portfolio companies recently earned spots in top startup rankings: STATION F’s Future 40 and Sifted’s 50 France. Let’s have a look... 🤓 Formality and Presti were both acknowledged in Station F’s Future 40, celebrating the 40 best-performing startups at the Station F campus in 2024. Chosen from over 1,000 startups, these companies represent the top 4% of Station F each year. 📝Formality, part of our Venture portfolio, is revolutionizing contract management with its intelligent platform powered by natural language processing. Thanks to its SaaS product and unique features, Formality is well-positioned to become a market leader, and we’re glad Station F agrees! 📸 Presti (YC S24), the pioneering startup in AI-generated product photos, joined our Seed portfolio earlier this year. Since then, they’ve gone from strength to strength, even joining Y Combinator's S24 batch in August. Curious to learn more? We recently featured Presti in our Startup Spotlight - head to the comments to have a read! Meanwhile, Weglot has featured in Sifted’s 50 France leaderboard, ranking the fastest-growing startups in the region by revenue growth.  🗣️ Weglot, part of our Growth portfolio, came in 38th. Weglot enables businesses to make their websites multilingual in minutes. With over 110,000 global clients, including HBO, IBM, Nielsen, and Decathlon, Weglot is redefining how brands connect globally. 👏 Well done to Formality, Presti, and Weglot—and all the other startups featured in these rankings! Curious about the full lists? Find them in the comments below. 👇

It’s #StartupSpotlight time! In this weekly series, we shine a light on one of our portfolio companies, offering you a detailed yet digestible look into their work. It may be a longer post than usual, but you’ll gain insight into a fast-growing company innovating in their industry. Interested? Let’s get started! Second up in our revamped series is Presti (YC S24), the leading AI platform for generating high-quality product photos in the furniture industry. 🛋️ High-quality product photos are crucial in purchasing decisions. Yet, existing solutions are often expensive and time-consuming. Historically, brands were forced to pay high fees for in-person studios or expensive 3D modeling. Now, however, Gen AI has the potential to disrupt the industry by producing product photos at scale. And while the current tech market may appear saturated with Gen AI startups that can create nice images, few can stay true to a product brief, produce accurate and realistic outputs, and have a tangible impact on sales. 📈 🎯 This is what Presti manages to do. 🤖 Founded in 2022 by four university friends and engineers - Nabil Toumi, Hamza Bennis, Abdellah Lamrani Alaoui, and Saad Bencherif - Presti combines their past experiences in building technology and AI to address the logistical complexities of the furniture industry. Enough theory! Let’s look at some numbers 👀 Gained time: Presti is 10x faster than 3D rendering or photography. Increased sales: Products can achieve up to 4x higher conversion rates using Presti’s imagery. Decreased costs: Presti is up to 100x cheaper than photography or 3D modeling. Im-presti-ve! 🌟 What has the company achieved so far? Today, Presti is incorporated in the US with offices in Paris and more than 100 clients worldwide. Since launching its product in February, Presti has consistently doubled its revenue each month. The company also formed a strategic partnership with furniture e-tailer Maisons du Monde, fostering its leading role in AI-driven product photography for the furniture industry, and offering best-in-class photorealism and customization. 📷 🔮 What’s on their roadmap? Moving forward, Presti hopes to further expand its reach and continuously improve its technology and product offerings. The company is committed to delivering even more advanced solutions to brands worldwide, helping them create compelling visual content that drives their digital marketing efforts. And guess what? They’re currently hiring data science and sales roles. Check out their website to find out more and join them on this adventure! And for those that love games, they often share ‘spot the difference’ challenges between AI and non-AI images on their LinkedIn page 🤓 Trust us, it’s harder than it sounds! 

🌟 Agicap Raises €45M Series C! 🌟 We're thrilled to congratulate Agicap, one of our Venture portfolio companies, on securing a €45M Series C funding round, led by AVP. 💰 Agicap provides cash management software that empowers business owners to create dynamic, reliable forecasts and gain real-time insight into their cash position. From day one, Agicap has been on a mission to give finance teams the clarity they need to make data-driven decisions in an increasingly complex financial landscape. 💡 What’s Next? This funding will fuel Agicap’s growth across Europe, helping it cement its leadership position on the continent and setting the stage to become the global reference in treasury management for midmarket companies. Congratulations to the team at Agicap! We’re excited to watch you continue innovating and empowering businesses to improve their cash performance. 🚀 Head to the comments to find out more 🤓 CC ✨Lucas Bertola | Sebastien Beyet | Clément Mauguet Philippe Collombel | Reza Malekzadeh | Jean-Marc Patouillaud | Simone Riva Violetta | Jean Sini | Nikhil Punwaney | Magda Posluszny | Julia Najman | Vivien Bovard 

💸 KoRo Raises €35M in Series C Funding Round 💸 🥜 We're excited to announce that KoRo, the better-for-you snacking brand with over 2 million customers across Europe, has raised €35M in an oversubscribed Series C funding round! The round was led by Coefficient Capital, with us participating alongside several other existing investors. 🏆 Since joining our Venture portfolio, KoRo has gone from strength to strength. Recently named the #1 strongest startup brand in Germany, the Berlin-based company has emerged as a leader in the European snacking space, all while achieving B-Corp™ certification. 🌍 With this fresh funding, KoRo is poised for exciting growth. They’ll accelerate their omnichannel strategy and continue expanding across Europe, with a particular focus on France, Italy, and the Benelux region. Huge congratulations to the entire KoRo team! We’re thrilled to keep supporting your mission to revolutionize the snacking industry by pioneering transparent, innovative, and sustainable food choices 🌱 Head to the comments to find out more 👇 CC Florian Schwenkert | Constantinos Calios | Simone Riva Violetta | Jean-Marc Patouillaud

🚀 The Exploration Company Raises Record-Breaking €150M Series B!  🚀 Huge congratulations to our portfolio company The Exploration Company on its €150M Series B funding round! This milestone, led by Balderton Capital and Plural, with our participation, marks the largest Series B ever raised by a space tech startup in Europe. From the very start of its journey, we believed in The Exploration Company’s ambitious vision: democratizing space exploration by making it affordable, sustainable, and accessible. This new funding will propel The Exploration Company’s mission forward by supporting the development and testing of Nyx, Europe’s first reusable space capsule, as well as enabling the company to expand its 200-strong team and scale operations. Hélène Huby and her world-class team will be even better positioned on their journey to redefine European leadership in space exploration and unlock new opportunities for humanity’s future in space.  Congratulations to the team at The Exploration Company and our new fellow investors! We’re beyond excited to accompany you on this stellar journey 🚀 🌠 Head to the comments to find out more 👇   CC Artur Koop | Jon Reijneveld | Romain Lavault 

💥 QPLIX Raises Over €25M! 💥 We’re thrilled to announce our funding of German wealth tech scale-up QPLIX | Wealth Management Software through our Growth Fund, joining Deutsche Bank as investors.  💵 QPLIX develops a leading software solution for managing complex portfolios. Its platform supports both liquid and illiquid asset classes across diverse client structures, consolidating all investment data into one powerful database. Currently, it manages over €300B in assets. 🌍 What’s next? This funding will fuel QPLIX’s growth objectives. With our global network and expertise in scaling software internationally, QPLIX will be well positioned to expand into key markets, including France, Switzerland, the UK, the Middle East, and APAC.   🗣️ Andrew Whiting, Partner in our Growth fund, commented: “QPLIX sets the gold standard for family offices, asset managers, and private banks, particularly through its expertise in illiquid assets, top-tier service and security standards. We are excited to support QPLIX in accelerating their investments into new markets and further expanding the platform”.  Congratulations to the founders, Kai Linde, Philipp Pötzl, and Mathias Lindermeir, and everyone involved! We’re excited to join you on this journey 🚀 Head to the comments to find out more 👇 Cc Bruno CREMEL | Omri Benayoun | André François-Poncet | Paul Vider | Victor Huberson | Mohamed Damak | Alexis Lancien| Aya Murr | Klaudyna Augler | Louis Dessal

It’s Friday, and the #TGIF feeling is twice as nice as we bring back an oldie but goodie: #StartupSpotlight! In this weekly series, we shine a light on one of our portfolio companies, offering you a detailed yet digestible look into their work. It may be a longer post than usual, but you’ll gain insight into a fast-growing company innovating in their industry. Interested? Let’s get started! 👚 The fashion world is evolving fast and is under increasing pressure to address environmental and ethical concerns. This makes sustainability and transparency a legal obligation rather than an option. Without a clear understanding of these ever-changing regulations, things can quickly get out of control. 😵💫 Enter Retraced. 🔍 Retraced addresses the growing need for transparency and compliance in the fashion & textile industry. The company provides fashion brands with a comprehensive platform to digitize & trace their supply chains, ensuring compliance with evolving ESG regulations and improving sustainability efforts across the value chain. 🌐 Retraced’s origins can be traced—see what we did there?—back to a first venture in 2016.   👞 Philipp G. Mayer, Lukas Puender, and Peter Merkert first embarked on their entrepreneurial journey with an ethical shoe brand, where they identified the need for genuine artisan-consumer connections. Three years later, Retraced was born, with the vision of creating the global ecosystem driving sustainable change in the fashion industry. 💚   👗 What have they achieved so far? Since its creation in 2019, Retraced has gone from strength to strength, currently supporting 150+ brands, including well-known names such as Victoria's Secret, Desigual & Calzedonia. With a network of over 15,000 fashion & textile suppliers, the platform is positioning itself as a leader in sustainability management in the fashion industry. 🌱 🤝 Want a customer story? Retraced partnered with VAUDE, a renowned outdoor brand championing sustainability and innovation, to enhance supply chain transparency. Thanks to Retraced's digital solution, VAUDE has integrated 121 suppliers on the platform within 12 months and achieved a 95% active supplier rate. The partnership also streamlined administrative processes, reduced workload & facilitated real-time collaboration.⚡ 🤖 What’s on their roadmap? Retraced aims to continue making supply chain sustainability more efficient & effective through the use of AI and process automation. This will help to maximize the positive impact on supply chains while minimizing the financial burden of compliance management. Their Digital Product Passport feature (DPP) drives consumer empowerment and evolves consistently with new EU regulations to ensure full compliance. 🧑🏼🤝🧑🏻 Want to find out more about how Retraced is driving sustainable change in the fashion industry? Head to their website (link in comments) & tag someone you think might be interested! 👇

#TBT 💬 We recently co-hosted the third gathering of CEE Drinks, a network of diaspora founders and VCs from Central and Eastern Europe launched by Beringea in 2023.The evening was filled with insightful conversations, networking, and a strong sense of community.    🔥 A special highlight was the fireside chat with Kamil Kluza, the co-founder and COO of Climate X, a climate risk startup that recently raised an impressive $18m Series A led by Google Ventures. Kamil shared his journey, including the challenges and triumphs of building a high-impact business, leaving us all with food for thought.    🤗 A special thanks to the co-hosts, Piotr Bukanski at Beringea and Magda Posluszny at Partech, for making this event possible. And thank you to all the diaspora investors and entrepreneurs who joined us; it’s great to see the community continue to grow. Here’s to the next one!

❄️ We’re off to Slush! ❄️ November’s here, and it’s starting to get pretty-darn cold—that can only mean one thing: Slush is around the corner! This year, 10 Partechies will be braving the Finnish frost, and they can’t wait to meet you. Here’s who to look out for:  🌱 Interested in Seed? Find Romain, Boris, Moritz, or Carlota.  🚀 Want to learn about our Venture strategy? Simone and Julia have you covered.  📈 Curious about our Growth strategy? Look no further than Aya and André.  💥 Interested in our Impact fund? Keep an eye out for Alice!  🤝 If it’s Investor Relations you’re looking for, Clément’s your guy! See you in Helsinki!  

👀 It’s that time of the month again! Our November newsletter came out last week, and while Halloween’s behind us, it’s packed with treats! 🍬 The last month has been action-packed here at Partech: we launched our first-ever Sustainability Report, saw major funding milestones from portfolio stars like Alan and LA VIE™, and celebrated others being recognized in top rankings. We also welcomed Cintoo and xFarm Technologies to the Partech family and wished Dayuse.com well on their new journey. 🗞️ Want to find out more? Check out the full newsletter in the comments below👇