Raise targets €100m for new venture structure

The launch of Raise Ventures adds a fourth prong to the activities of the French firm, which was launched four years ago by Clara Gaymard and former Equistone president Gonzagues de Blignières. Raise manages a €390m minority investments vehicle, Raise Investissement, injecting between €10-40m in companies with revenues of €50-500m, as well as a not-for-profit endowment aiming to support and finance young businesses. It also launched Raise REIM for real estate investments.

As was the case for Raise Investissement and REIM, 50% of the carry generated by this new venture structure will be redirected to finance the endowment fund.

Rather than a closed-ended fund, it is understood that the venture arm will take the form of an investment company in order to be able to back businesses without time restrictions.

The vehicle will be managed by Raise co-founder Matthieu Dordolo as well as newcomer Pierre-Edouard Berion, who joined from Idinvest Partners.

Investments
The vehicle will make investments between €500,000-7m to support French and European startups.

People
Raise Ventures – Matthieu Dordolo (chargé d'affaires); Pierre-Edouard Berion.

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