British Business Bank commits €20 million to Partech Partners Impact Fund
Press release
The British Business Bank has made a €20 million commitment to Partech Partners’ inaugural €300 million Impact Fund. This follows a €30 million commitment in 2021 to Partech Growth II, a €650 million fund.
Founded 40 years ago, Partech is a global technology investment firm headquartered in Paris. Partech Impact is Partech’s growth impact fund, investing in European impact technology companies that actively address environmental and societal challenges.
The fund’s strategy focuses on a multi-thematic approach covering clean production, sustainable agriculture, clean construction, new mobility, economic empowerment, and digital health.
The British Business Bank regularly invests in pan-European funds which ensures the UK is included in its geographical strategy, driving investment into UK companies.
The fund has recently invested in UK-based Fyld, the AI-powered frontline intelligence platform for the global infrastructure sector, as part of a $41 million Series B funding round.
Christine Hockley, Managing Director and Co-Head of Funds, at British Business Bank said:
Our fund investments are designed to increase the availability of capital for UK businesses, with a focus on the growth stage. This means not only supporting the launch of UK-based funds but also encouraging European growth funds to invest in the UK. Our commitment to Partech’s Impact Fund demonstrates how we work with European funds to ensure UK companies benefit from the capital and expertise of global investors.
Robert Greenwood, Senior Investment Director, Funds, at British Business Bank said:
We have been working with the team at Partech for five years. This new commitment reflects our shared values not only when it comes to supporting scale ups, but that purpose and returns can go hand‑in‑hand. Together, we can help businesses to grow while creating meaningful impact in the UK and beyond.
Rémi Said, General Partner at Partech Partners said:
Building a first time team and a first‑time fund in this environment was a real test of conviction and the outcome speaks for itself. We are proud to have attracted a world‑class, global LP base and to be backing companies that are shaping more sustainable value chains across Europe, with tangible ROI for their customers; demonstrating that impact and strong economic performance are mutually reinforcing.
Further Information
If you are a journalist and have a media enquiry, please contact [email protected].
Notes to editors
About the British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank’s core programmes support £23bnRead footnote text 1 of finance to almost 64,0002Read footnote text 2 smaller businesses.
British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at British Business Bank.
The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party in respect of Partech Partners or its products or services.
About Partech Partners
Partech is a global technology investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Milan, Nairobi, and San Francisco. Founded 40 years ago in San Francisco, Partech today manages close to €3 billion in assets for a current portfolio of 220 companies in 40 countries across four continents. Partech Impact is Partech’s growth impact fund, investing in European impact technology B2B champions that have already demonstrated a proven business model and are looking to accelerate their growth. The fund backs companies seeking to fundamentally transform value chains across industry, infrastructure and construction, agriculture, mobility and healthcare.
-
Return to footnote location
1
Figures as at end March 2025
-
Return to footnote location
2
Figures as at end March 2025, does not include Start Up Loans
Quick links
Latest news
-
Read more about British Business Bank commits £100m to Oxford Quantum Circuits Press release
03 June 2026 -
Read more about The British Business Bank’s Growth Guarantee Scheme unlocks £200m for smaller businesses across Scotland, revealing the nation’s regions, cities and sectors investing most in their own growth Press release
02 June 2026 -
Read more about British Business Bank invests £5m in IMU Biosciences Press release
02 June 2026