France’s IRIS Capital reaches €110M first close for its new €150M venture fund • TechCrunch


According to Atomico’s new State of European Tech 2022 report, France has taken the UK’s title as the third largest listed tech nation, with Britain moving down to fourth. Nothing to do with Brexit, of course… Meanwhile, Sista, the Paris-based organisation which campaigns for more finds for female founders recently closed €30m of an intended €100m fund to power its aims. It would appear France is definitely on the rise in startup and VC terms.

Further evidence of this thesis has emerged this week with the news that France-based IRIS Capital has reach the €110m first close for its new €150m venture fund (IRIS Venture IV), and is planning to hold a second close in 3Q 2023.

The new fund will be Seed and Series A investment focused, looking at France, Germany and across Europe. This is the fourth early-stage fund raised by IRIS. The fund will invest in Seed and Series A rounds, from €1m to €8m.

LPs include French conglomerates such as Orange, Publicis and Bpifrance, as well as newcomers including Fred Potter, founder of Netatmo, Yannis Yahiaoui, cofounder of Adot, Amirhossein Malekzadeh, cofounder of Logmatic, Grégoire Delpit, cofounder of ProcessOut, Patrick Asdaghi, founder of FoodCheri or Adrien Nussenbaum, cofounder of Mirakl.

Commenting, Julien-David Nitlech, Managing Partners at IRIS, said in a statement: “With this new Seed and Early-stage fund we intend to pursue our successful journey of selecting, backing, and scaling differentiated tech platforms developed by out of the ordinary founders who know their market well. To do so, we have structured a new team of investors bearing our selective DNA and methods.”

To date IRIS has invested in companies such as Shift Technology (insurtech), Talend (software), Kyriba (fintech), Lumapps (HR), Jedox (software), industry 4.0 and logistics experts such Exotec (logistics), Braincube (manufacturing software), Forto (freight management), Spinergie (offshore), platforms such as Virtuo (mobility), Yubo (social) and data specialists like Talon.one (marketing), Red Points (brand protection) or Scality (cloud). Newer investments include Spinergie in France, Helu in Austria and 2 more to be announced early next year.


#Frances #IRIS #Capital #reaches #110M #close #150M #venture #fund #TechCrunch

mrB

Related Posts

Wordle today: Here’s the answer, hints for February 9

There’s a new Wordle, and today’s puzzle is the 600th one! Where did the time go? Whether you’ve been playing devotedly since late 2021 or got sucked…

Most people can tweet again, but Twitter still has issues

Twitter appears to be recovering from having technical issues that prevented people from tweeting, though problems with DMs, and accessing TweetDeck are still seemingly persisting. Downdetector reports…

Nintendo releases trailers for new Zelda and Pikmin games • TechCrunch

Nintendo hosted a 45-minute Nintendo Direct livestream on Wednesday, revealing upcoming games and updates for the Nintendo Switch. As many players expected, Nintendo shared a trailer for…

Watch Retro Sci-Fi Short Midnight Television

In a retro-futuristic, dystopian world that blends sophisticated AI with dial-up modems and VCRs, a lonely man despairs at having to meet his content-posting quota for the…

The Political Theater Behind the State of the Union Data Privacy Push

When it comes to antitrust and tech, there’s a trust deficit on Capitol Hill, even as pressure to act continues to mount. And Senate Democrats trust Speaker…

Microsoft and Google launched AI search too soon

Imagine your company just hired some hot new talent, a rising star in the executive suite so alluring that a rival firm just hired a lookalike. The…

Leave a Reply

Your email address will not be published. Required fields are marked *