Meet Ring Capital, a brand new VC firm based in Paris. The firm just raised a brand new $ 170 million fund (€140 million) and may nonetheless be raising a different $ 10 million or so for this fund.
Many new VC enterprises tend to focus on seed rounds at the start. Ring Capital thinks there’s a sequence A and collection B gap in France. That’s why Ring Capital plans to make investments round €5 to €10 million ($ 6 to $ 12 million) in each business — sometimes a little bit greater, every now and then somewhat less.
Ring Capital has already invested in a single company and plans to invest in around 15 corporations the use of this fund. Of course, there might be more dollars down the street.
“We’ve been investing in tech startups for 15 years,” Nicolas Celier told me. “When boom picks up, that’s in case you need to sell the enterprise because you’re already considering in regards to the subsequent fund.”
Ring Capital wants to reverse this style and make investments just a little later. The fund even says that it’s inclined to purchase again some shares to in part money out founders, early personnel and early investors.
Celier says that many deepest fairness companies are tech startups because it’s a large opportunity at this time. however that doesn’t always imply that inner most fairness organisations have the technical abilities to guess on winners.
From day one, Ring Capital has put collectively a group of traders who don’t share the same historical past and may provide additional price.
Geoffroy Bragadir turned into both an investor and an entrepreneur. Nicolas Celier is a challenge capitalist at coronary heart. Alban de La Breteche has a technical background and worked on research and development projects at Criteo. Marie-Capucine Lemétais turned into Head of advertising and marketing Western Europe for the Danish Fintech Saxo financial institution. Nicolas Bailly labored with Bragadir as an analyst. Thomas Marsal worked on facts operations for Stuart. Hagera Sendabad became Operations supervisor at point out.
“beyond the technical historical past of the group, should you’re in the tech industry, which you could see that almost all agencies that benefit long-time period value have technological assets,” Bragadir informed me. “We believe we’ve an capacity to consider complex tech challenges. we can leverage that and foster these technological belongings.”
limited companions encompass Bpifrance in the course of the “Programme d’Investissements d’Avenir”, AG2R La Mondiale, BRED, Danone and Tikehau Capital. around seventy five company angels, akin to Morgane Sézalory (Sézane), Hugues Le Bret (Compte Nickel), Thierry Petit (Showroomprivé), also invested in Ring Capital and are willing to assist portfolio businesses with introductions and tips.
many of these mentors were CTOs or engineers. The company tried to ask as many technical people as feasible, even if they could most effective make investments a limited sum of money within the fund. So it’s clear that Ring Capital goes to be looking at tech startups with a powerful tech product.
https://tctechcrunch2011.files.wordpress.com/2018/01/team-ring-capital.jpg?w=210&h=158&crop=1
Fundings & Exits – TechCrunch
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