Newfund
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. Unusually in the French context, it has received no government support.[2] It typically invests between €500,000 and €2m per company.[3]
Type | Venture capital |
---|---|
Founded | 2008 |
Headquarters | Paris , France |
Key people | François Véron, Patrick Malka, Henri Deshays |
Website | www.newfund.fr |
In January 2016, Newfund was listed third in an independent ranking of the Top 10 French venture capital firms in the FinTech sector.[4] In late 2018, it was cited as one of the top 100 early-stage venture capital investors in Europe by Salesflare, a CRM vendor.[5] In mid-2019 it was ranked among the top 15 venture capital funds in France.[6]
In December 2018, Newfund initiated a dedicated fund to invest in the Nouvelle-Aquitaine Region and the Basque Country.[7]
Investments
Companies in which Newfund has invested include:
- Aircall, a cloud-based phone services provided, launched by eFounders startup studio [8]
- Eqinov, an energy efficiency services provider based in Issy-les-Moulineaux [9]
- In2Bones, a medical device designer and manufacturer, initially based in Ecully near Lyons and now headquartered in Memphis, Tennessee [10]
- Red Luxury, a Paris-based designer of fashion watches and jewellery [11]
- Tageos, a designer and manufacturer of low-cost and eco-friendly RFID labels [12]
- Zinier, an enterprise field operations platform based in San Mateo, California and Bangalore, India [13]
Exits
Notable exits include, in chronological order:
- MobPartner, a phone company purchased in March 2015 by Cheetah Mobile [14]
- Medtech, a Montpellier-based robotic surgery company that developed the ROSA robot, listed on Euronext Paris from November 2013 [15] and purchased in July 2016 by Zimmer Biomet [16]
- Monbento, a Clermont-Ferrand-based lifestyle and Bento boxes company, purchased in July 2018 by Peugeot Freres Industrie [17]
- Luckey Homes, a Parisian concierge services company purchased in December 2018 by Airbnb [18]
- Beyond Ratings, an ESMA-registered credit rating agency,[19] purchased in June 2019 by London Stock Exchange Group [20]
Team
François Véron created Newfund in 2008 after a decade of private equity investment experience. He is a former board member of France's Venture Capital trade body AFIC,[21] and an oft-quoted source on venture capital matters in French and international media.[22][23][24]
Newfund's other partners include Patrick Malka and Henri Deshays.[25] The Newfund team also includes Zoé Mohl, Anne-Sophie Nédellec and Augustin Sayer.[26]
References
- Elsa Bembaron (September 25, 2018). Un nouveau fonds de 130 millions d'euros pour les start-up. Le Figaro.
- "The French government experiments with venture capitalism". The Economist. January 18, 2018.
- Déborah Loye (September 25, 2018). Newfund lève un deuxième fonds dédié à l'amorçage. Les Echos.
- "Les 10 VC français les plus investis dans les Fintechs". Techfoliance. January 6, 2016.
- Ali Colwell. "The top 100 early-stage venture capital investors in Europe in 2018". Salesflare.
- "Capital investissement - Opérations de capital risque - Classement 2019 - Fonds d'investissement - France". Décideurs magazine. 2019.
- "Newfund lance nouvelle Aquitaine". Industrie-Mag. December 10, 2018.
- Romain Dillet (June 2, 2015). "Aircall Is The Easiest Way To Create And Manage Your Phone Customer Service". TechCrunch.
- "Les conseils énergétiques EQINOV lèvent 1,5 M€ auprès de NEWFUND". FusAcq. March 6, 2017.
- "In2Bones". L'Usine digitale. March 19, 2014.
- "#IoT: Red Luxury lève 1 million d'euros et prépare une montre connectée d'ici fin 2014". Maddyness. July 8, 2014.
- "Tageos lève 2 millions d'euros auprès de Newfund". FrenchWeb. May 25, 2012.
- J. Vignesh (April 13, 2018). "Enterprise field operations startup Zinier raises money from Accel Partners & others". Economic Times.
- Wiki Su (March 17, 2015). "Venture-Backed Cheetah Mobile Acquires MobPartner For $58M". China Money Network.
- "MedTech (Robot Rosa) opens its capital". RobotShop. April 30, 2010.
- Jof Enriquez (July 20, 2016). "Zimmer Biomet Acquires Medtech SA, Joins Surgical Robotics Fray". Med Device Online.
- "Peugeot Frères rachète la majorité du capital du fabricant de boîtes-repas Monbento". Capital.fr. July 12, 2018.
- Deanna Ting (December 12, 2018). "Airbnb's Deal for French Firm Could Signal Entry Into Property Management". Skift.
- "ESMA Registers Beyond Ratings SAS as Credit Rating Agency". European Securities and Markets Authority (ESMA). March 18, 2019.
- "London Stock Exchange buys data provider Beyond Ratings in ESG push". Reuters. June 3, 2019.
- "Rencontre avec Bruno Mettling, directeur général d'Orange MEA, et François Véron, président de Newfund". En Temps Réel. May 4, 2016.
- François Véron, Newfund : "En France, on respecte davantage l’intelligence que l’argent, l’analyse que le succès". Le Nouvel Economiste. April 20, 2016.
- «Pour un nouveau contrat épargnants-entreprises», par Blignières, Boujnah, Mestrallet, Montchalin, Véron... L'Opinion. March 28, 2018.
- Daniel Michaels (December 4, 2017). Europe Starts Seed Fund to Keep Small Tech From Leaving. Wall Street Journal.
- "Newfund Management SA". Bloomberg.
- "Newfund Capital". crunchbase.