Partech
Canvas Category Consultancy : Company : Venture Capital
Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. We are a team made up of independent thinkers. We are unconstrained by hype, trend or fixed ways of working. We believe in the power of alliance in action, working together and side-by-side with the founders we back, in the shared pursuit of success. We bring together capital, operational experience and strategic support for the entrepreneurs we back from seed through to growth stage. Born in San Francisco 40 years ago, today we manage €2.5B AUM and our current portfolio of 220 companies in 40 countries, across 4 continents.
Assembly Line
Cintoo raises €37M for industrial metaverse and 3D scanning solutions
French-American scale-up Cintoo, a leading cloud-based reality data management solutions provider, secured €37 million in Series B funding. Partech led the round, which included existing investors Amavi Capital and Armilar Venture Partners.
The fresh capital will help Cintoo enhance its SaaS platform by expanding integrations and strengthening its offerings for the construction and industrial sectors. The company plans to accelerate its AI and Metaverse initiatives while growing its presence in the US and European markets.
The founders’ vision and innovative solutions transformed 3D scanning. They recognised its potential to transform industries, but the resulting data files (called ‘point clouds’) were challenging to handle, view, and share. Their solution was a cloud-based platform that makes this data accessible for applications like Building Information Modeling (BIM) and Digital Twins. Cintoo’s clients can scan entire buildings and design or monitor work remotely, reducing the need for frequent site visits.
Cintoo stands out in the competitive 3D scanning and reality data management landscape with its unique compression and accessibility approach. As CEO Dominique Poulinquen explained to the TFN, “Our core technology transforms laser scanner data from point clouds into 3D surfaces, similar to video games. This compresses the data by 10 to 20 times while maintaining accuracy. The resulting ‘mesh-based’ scans require less storage space and can be quickly streamed in any web browser.”
xFarm Technologies, the European leader in the digitalisation of the agri-food sector, raises €36 million
2024 marks a year of major growth for xFarm Technologies, the tech company that supports the work of more than 450,000 farms across more than 100 supply chains, covering 7 million hectares worldwide, through its Farm Management Information System (FMIS), the xFarm digital platform. After integrating Greenfield Technologies, a Spanish company focused on Regenerative Agriculture, and SpaceSense, a French brand specialised in Geospatial Artificial Intelligence, in April, an operation that cemented its position as a European leader in the digitalisation of the agri-food sector, xFarm Technologies has announced the closing of a €36 million Series C round.
The new round, which follows the €17 million Series B round in 2022 and the first €3 million round in 2019, was led by global technology investment firm Partech, through its Impact Growth Fund, which aims to scale European impact-native technology leaders seeking to solve environmental and social challenges. The round also saw the participation of Mouro Capital, a London-based venture capital firm targeting growth-stage fintech investment opportunities across Europe, North America, and Latin America. Swisscom Ventures, United Ventures and all previous institutional investors also participated in the round, demonstrating their confidence in xFarm Technologies based on its significant achievements over the past two years.
Gireve raises €20 million to consolidate as a global leader in EV charging
Gireve, a French player in electric vehicle charging and decarbonisation of transport, announced it has raised €20 million from Partech’s Impact Fund. Under the terms of the agreement, the investor will participate in the company’s capital, reinforced by new capital contributions from existing shareholders.
The deal will further the platform’s expansion in Europe and internationally but also develop new services such as Plug & Charge and Clearing. It will also enable the company to develop its data and consulting solutions further.