VC Firm Partech Finally Unveils its New Berlin Office

VC Firm Partech Finally Unveils its New Berlin Office

VC firm Partech International has finally revealed the opening of a Berlin office, alongside its existing San Francisco and Paris bases. The company focuses primarily on Internet businesses, and more specifically, e-commerce, digital media and infrastructure technology.

Its man on the ground in the German capital, Gabriel Matuschka, has been a presence on the Berlin startup scene for a while now, and the official announcement won’t come as a surprise to many. Indeed, Partech already has a track record of investing successfully in Germany, with successful exits with Qype, which was acquired by Yelp, and brands4friends, acquired by eBay.

With $650 million currently under management, Partech’s investment strategy is to find companies with high potential in the early stages of development. Such investments range from $250,000 to $10 million, and at the moment they have 100 companies in their portfolio.

The Partech office will be at Gipsstrasse 3 in Mitte, close to the core of startups dotted around Rosenthaler Platz, and will house Gabriel – a new senior associate for Partech. He previously worked as a consultant for IBM’s European media and telecommunications practice, and co-founded TripHunter, which was later acquired by brands4friends.

Philippe Collombel, a partner at Partech, said he was looking forward to tapping into Berlin’s potential: “We want to grasp more opportunities in one of Europe’s most vibrant and fastest growing technology hubs and in Germany as a whole. Partech is the first international top-tier venture capital firm to open an office in Berlin and we look forward to becoming even more deeply rooted in the city’s flourishing startup community.”

About Conor Rushby

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