Seventure holds first close on €24m

The fund has a target of €60m, Unquote understands.

The firm is currently preparing the launch of Health for Life Capital 2, which will hold a first close in the coming months, Seventure CEO and managing partner Isabelle de Cremoux told Unquote. The vehicle intends to follow the same investment strategy of its predecessor but plans to raise a larger amount of capital.

Investors
The fund's investors include animal nutrition specialist Adisseo, alongside some private investors. Adisseo is listed on the Shanghai Stock Exchange, has 1,900 employees and serves around 2,600 customers in 100 countries worldwide through its global distribution network. In 2017, the company generated revenues of approximately $1.5bn.

Investments
The new fund will make around 15 investments deploying equity tickets between €2-3m. It will primarily target companies active in the field of animal health and nutrition in Europe, North America and Israel, but will also be open to investment proposals from other geographies, including Asia.

People
Seventure Partners – Isabelle de Cremoux (CEO, managing partner).
Adisseo – Jean-Marc Dublanc (CEO).

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