Ring Capital holds first close on €140m

The GP has already completed one investment, and two other transactions are currently being finalised. Ring Capital is aiming to add around 15 firms to its portfolio by the end of 2021.

Ring Capital was founded in 2017 by serial entrepreneur Geoffroy Bragadir and ex-Alven partner Nicolas Celier.

Investors
Tikehau, AG2R La Mondiale, BPI France, Bred and Danone have so far committed to the fund.

In addition to its commitment, Tikehau invested for a 25% stake in the general partner itself.

Investments
The GP plans to acquire minority interests, investing €1-15m either on its own or with co-investors. It will take part in transactions including capital increases and buy-backs from founders and initial shareholders.

Ring Capital will be investing in French tech companies. The fund will focus on technology (cloud, cybersecurity, big data, Internet-of-Things, artificial intelligence, blockchain, robotics), companies that disrupt traditional sectors (financial, education, food and agriculture technologies, and the smart industry), and digital brands.

People
Ring Capital – Nicolas Celier, Geoffroy Bragadir (managing partners, co-founders).

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• Tikehau Capital
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