
Go Capital holds first close for €60m seed fund
Go Capital has held a first close on €60m for its second venture capital seed fund, Go Capital Amorçage II.
The fund targets a final close between €80-100m by the second half of 2017. It will invest in companies in the pre-development stage of their commercial offering across a broad range of sectors.
The first Go Capital seed fund held a final close on €57m in June 2013 and has just closed its investment period after making 25 equity investments.
Investors
The first close is backed by a mix of national and international funds, industrial companies, banks and business angels. State-backed BPI France has committed €20m via the National Seed Fund alongside the European Investment Fund, which has backed it for the same amount. Multiple banks have invested €5m each and regional councils have invested €3m each; around 20 independent investors provided a joint total of €6m.
Investments
The fund will provide an average of €500,000 for initial investments, up to €2m in further rounds and €4m in reinvestments. For more capital-intensive projects, first round co-investments will be considered.
The fund will cover a broad range of industries and verticals, in particular in the digital economy space, healthcare and medical devices, biotechnology and nutrition, environmental technologies, energy transition, as well as service-based companies.
People
Go Capital – Eric Cozanet (CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater