PARIS—French investment firm Partech Ventures wants to give big European startups the means to stay in Europe.
The Paris-based venture capital firm said Monday that it has raised €200 million ($224 million) for a new fund that will invest in established startups, helping fill a later-stage funding gap that often forces European startups to look to the U.S. for money.
Despite a few big investments, like a $100 million round this summer for carpooling company BlaBlaCar, investors, startup founders and public officials still bemoan a lack of later-stage funding from European firms for European startups.
