360° Capital Partners long awaited new fund
Earlier this month, It was reported that 360° Capital Partners had raised a new fund of 60 million euros. Originally announced on Les Echos, the fund will be making seed stage investments of 200K€-1M€, as well as more classic series A/B tickets of 2M€-5M€. According to Emmanuele Levi, an associate at the VC firm, at […]
Elaia Partners closes 45M€ fund for seed stage
Elaia Partners announced this morning a closing of a new 45M€ fund, Elaia Alpha. The fund is dedicated to seed stage startups, and while a part of it will be dedicated to investing 500K€-1M€ tickets to startups raising a seed stage around, there will also be a portion of the fund dedicated to investing smaller tickets […]
Gilles Babinet says 4 French Investment funds are leaving France
Earlier this week, a tweet from Captain Dash founder and France’s “Digital Champion” for the EU, Gilles Babinet, got a fair amount of attention. This may be perhaps because Babinet’s tweet claimed that he knew of four different French investment funds who will be leaving France directly because of the tax changes. Just days later, […]
Currency Cloud closes £1.2M from French investors
FX-MM reported this morning that French investor XAnge Private Equity has invested £1.2M into Currency Cloud, a currency exchange as-a-service platform that allows cross-border transactions. XAnge will join investors Atlas Ventures, Notion Capital, and Anthemis who invested a total of 4.5M in 2012 alone. The Currency Cloud enables transaction-based web companies, money transfer businesses and […]
Client E-relation leader iAdvize raises €1M from Alven Capital
iAdvize announced yesterday that it has closed a round of funding of €1 Million from Alven Capital in order to accelerate its international development. Previously funded by Xavier Niel’s Kima Ventures & business angels to the tune of €100K, iAdvize was founded by Julien Hervouet and Jonathan Gueron in 2010. The company currently helps 800+ […]
Zilok Auto snags €1.5M from Jaina & the new Ecomobilité Ventures
ZIlok Auto announced yesterday a new round of funding from Marc Simoncini’s Jaina Capital & Ecomobilité Ventures, a Joint Venture fund by SNCF, Total & Orange. Zilok Auto is a peer-to-peer car rental service which hopes to help you monetize the 90% of the time you don’t use your car in order to subsidize the €6,000/year […]
Emailvision raises $30 million from London's Izurium Capital
Coming on the heels of Deezer’s big fundraising announcement, Emailvision, a global leader in customer intelligence and marketing automation, announced yesterday that they raised $30 million from London-based Izurium Capital. The investment, coupled with Emailvision’s recent acquisition of UK-based PredictiveIntent, is expected to enable Emailvision to accelerate its plan of providing highly customized marketing content […]
Rude VC: Pigeons don't poop in private
Wow, it has been quite a week ! President François Hollande’s Socialist government unveiled its draft 2013 budget comprising some potentially devastating tax dis-incentives for entrepreneurs and VCs. A revolt ensued, with the birth of the Pigeon Movement, an explosion of emotion on social media sites, worldwide media attention, and the culmination of a dialogue […]
High Speed Internet falls short in 1.7 Million User Test
Recently, the magazine 60 Millions de Consommateurs(“60 Million Consumers”) released a study on high speed Internet, testing the connection speed for over 1.7 million consumers in France between January 2011 and May 2012. As reported by Numerama[FR], the study showed that, while most operators advertise high-speed internet as 10Mb/s, 50Mb/s, or even 100Mb/s, the reality is […]
Deezer raises €100M from Warner Music owner Len Blavatnik
Deezer has finalized a round of €100 million by Russian-American billionaire Len Blavatnik via his investment fund Access Industries, with 75 million euros injected into the company, and 25 million euros to buy out previous shareholders. The announcement, originally reported by Le Figaro, indicates that while French investor Idinvest has maintained its stake in the company, Dotcorp […]