Entrepreneur Venture leads €6.2m round for LPB
French venture capital house Entrepreneur Venture has led a €6.2m funding round for La Parisienne de Baguette (LPB).
The fresh funds will allow the company to expand its business and its headcount, according to a statement. The company's founders aim to enhance its growth with the creation of new automated lines, and expand its products offering as well as its reach throughout France.
Founded in 2000, the GP focuses on seed, early-stage and growth capital transactions in French SMEs, aiming to invest equity tickets of €2-7m.
Company
LPB is a bakery that produces and delivers fresh bread to consumer-focused retailers and catering businesses. Founded in 2015 and headquartered in Aubervilliers, near Paris, the company has 121 employees.
People
Entrepreneur Venture – Bruno Jacquot (associate managing director).
La Parisienne de Baguette – Michael Lehiani, Michael Zana (founders).
Advisers
Company –Oaklins France (M&A).
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