XAnge, Idinvest inject €10m into HabX

Idinvest's Smart City division, specialised in energy and digital technology companies, managed the investment in HabX via the Idinvest Smart City VC fund.

A source close to the situation disclosed that the fund is about to make a final closing reaching its hard-cap of €300m. The first close took place in 2016 and HabX is the fund's seventh investment.

XAnge is a venture capital firm specialising in early-stage to growth capital investments across Europe, with a focus on France and Germany. The firm typically invests between €500,000-5m in companies with a turnover of more than €5m and valuations between €5-50m, according to Unquote Data.

The backing of investors will help the business operate in more French cities and eventually abroad from 2019. It also plans to grow its employee numbers from 44 to 80 this year.

Company
Founded in 2016, the French startup allows people to digitally design their homes before construction. It is operating in 20 locations around France and claims it has helped design 1,200 homes. HabX is based in Paris and currently employs 44 staff.

People
XAnge Private Equity – Mathias Flattin (investment manager).
HabX – Benjamin Delaux (founder).

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• Topics
• Expansion
• France
• Technology
• France
• Venture
• IDInvest Partners (AGF Private Equity)
• XAnge Private Equity