France-based venture capital firm Partech Ventures has closed its seed fund at €100m ($107m) with limited partners including supermarket chain Carrefour and business support service Edenred, TechCrunch reported today.
The fund, Partech Entrepreneur II, is also backed by insurance provider Groupama, point-of-sale device maker Ingenico and car manufacturer company Renault, all of which committed cash in April 2015 to a first close at $65m.
Consulting firm Accenture joined the vehicle last month, when it also backed the Partech International Ventures VII fund.
Partech Entrepreneur II is the successor fund to a $32m seed fund launched by the firm in 2013. The fund has already been making investments, clocking up a total of 50 portfolio businesses across eight countries.
Partech Entrepreneur II is targeting seed-stage companies and expects to invest in a total of around 80 startups.