Newfund Explained
Newfund Management |
Type: | Venture capital |
Location City: | Paris |
Location Country: | France |
Foundation: | 2008 |
Key People: | François Véron, Patrick Malka, Henri Deshays |
Homepage: | newfundcap.com |
Newfund is a venture capital firm focused on early stage investment in France and the United States. Founded in 2008, it had raised more than 230 million euros as of September 2018,[1] mostly from entrepreneurs, business leaders, and family offices. It typically invests between €500,000 and €2m per company.[2] It has repeatedly been listed among the most significant venture capital funds in France.[3] [4] [5]
Investments
Newfund's geographical scope of investment is in France and the United States, including a dedicated fund in the Nouvelle-Aquitaine Region and the Basque Country initiated in December 2018.[6] Its sectoral scope has included web-enabled services, health technology, financial technology, and since 2021, neuroscience and mental health.[7]
Notable companies in which Newfund is an investor include Aircall, a cloud-based phone services provider;[8] Red Luxury, a Paris-based designer of fashion watches and jewelry;[9] and FairMoney, a prominent digital bank in Nigeria.[10] [11]
Notable exits have included Medtech, a robotic surgery company that developed the ROSA robot, listed on Euronext Paris from November 2013,[12] and purchased in July 2016 by Zimmer Biomet;[13] Luckey Homes, a Paris-based concierge services company, purchased in December 2018 by Airbnb;[14] Beyond Ratings, an ESMA-registered credit rating agency, purchased in June 2019 by London Stock Exchange Group;[15] [16] Eqinov, an energy efficiency services provider, purchased in February 2022 by Acciona Energy;[17] [18] Tageos, a designer and manufacturer of RFID labels, purchased in March 2022 by Fedrigoni;[19] [20] and In2Bones, a medical device designer and manufacturer, purchased in June 2022 by CONMED Corporation.[21] [22]
Team
François Véron, a former board member of trade body AFIC (French: Association Française des Investisseurs en Capital, renamed France Invest in January 2018),[23] created Newfund in 2008.[24] [25] [26]
See also
External links
Notes and References
- Le Figaro. Un nouveau fonds de 130 millions d'euros pour les start-up. September 25, 2018. Elsa Bembaron.
- Les Echos. Newfund lève un deuxième fonds dédié à l'amorçage. September 25, 2018. Déborah Loye.
- Web site: Les 10 VC français les plus investis dans les Fintechs. January 6, 2016. Techfoliance.
- Web site: The top 100 early-stage venture capital investors in Europe in 2018. Salesflare. Ali Colwell. 9 July 2020.
- Web site: Décideurs Magazine . Capital investissement : Opérations de capital risque - Classement 2022 .
- Web site: Industrie-Mag. Newfund lance nouvelle Aquitaine. December 10, 2018.
- Web site: Maddyness . . Geraldine Russell . La France mise sur ses cerveaux pour s'imposer dans la BrainTech .
- Web site: The Software Report . Aircall Reaches ‘Centaur’ Status With $100 Million in ARR . .
- Web site: Maddyness.
- IoT: Red Luxury lève 1 million d'euros et prépare une montre connectée d'ici fin 2014
. July 8, 2014.
- Web site: TechCrunch . Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney. Tage Kene-Okafor . .
- Web site: Financial Times . African start-ups attract international investors — but need local ones too . David Pilling . .
- Web site: RobotShop. MedTech (Robot Rosa) opens its capital. April 30, 2010.
- Web site: Jof Enriquez. Med Device Online. Zimmer Biomet Acquires Medtech SA, Joins Surgical Robotics Fray. July 20, 2016.
- Web site: Skift. Airbnb's Deal for French Firm Could Signal Entry Into Property Management. Deanna Ting. December 12, 2018.
- Web site: European Securities and Markets Authority (ESMA). ESMA Registers Beyond Ratings SAS as Credit Rating Agency. March 18, 2019.
- Web site: Reuters. London Stock Exchange buys data provider Beyond Ratings in ESG push. June 3, 2019.
- Web site: FusAcq. Les conseils énergétiques EQINOV lèvent 1,5 M€ auprès de NEWFUND. March 6, 2017.
- Web site: Renewables Now . Acciona Energia takes big stake in French energy efficiency specialist . .
- Web site: FrenchWeb. Tageos lève 2 millions d'euros auprès de Newfund. May 25, 2012.
- Web site: Printed Electronics Now . Fedrigoni Acquires Majority Stake in RFID Specialist Tageos . .
- Web site: In2Bones. L'Usine digitale. March 19, 2014.
- Web site: MassDevice . Conmed completes $145M In2Bones acquisition . . Sean Whooley .
- Web site: Rencontre avec Bruno Mettling, directeur général d'Orange MEA, et François Véron, président de Newfund. May 4, 2016. En Temps Réel.
- François Véron, Newfund : "En France, on respecte davantage l’intelligence que l’argent, l’analyse que le succès". Le Nouvel Economiste. April 20, 2016.
- L'Opinion. "Pour un nouveau contrat épargnants-entreprises", par Blignières, Boujnah, Mestrallet, Montchalin, Véron.... March 28, 2018.
- Wall Street Journal. December 4, 2017. Europe Starts Seed Fund to Keep Small Tech From Leaving. Daniel Michaels.