Seventure nears final close for Digital Opportunities Fund

The fund is dedicated to investments in digital technology companies in France and Germany. It was launched in July 2016 and most recently held a second close in January this year. DOF already closed seven investments but should be able to invest in a total of 15 companies throughout its lifespan, de Cremoux said.

The VC is not using a placement agent for this fundraise.

As previously reported by Unquote, Seventure also launched a fundraising effort for its Health For Life Capital II (HFLC II) vehicle in Q1 this year, with a first close now expected before the end of 2018. The vehicle intends to follow the same investment strategy as its predecessor but plans to raise a larger amount of capital.

Seventure's current HFLC vehicle is reaching full deployment, according to de Cremoux, and this prompted the new fundraise.

Jasmin Capital is advising Seventure as a placement agent for HFLC II. Goodwin is acting as legal adviser.

The third Seventure vehicle currently on the road is the AVF fund, announced in March 2018. It held a first close of €24m immediately, and has a target of €60m, which the firm expects to reach within a year. The vehicle is targeting animal health, feed and nutrition and digital technology companies that serve the livestock industry.

To view a full spotlight on Seventure published by Unquote sister publication Mergermarket, click here

Click here for a full overview of Seventure's funds, LPs and investments on Unquote Data

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