French GPs Amundi Private Equity Funds and A Plus Finance have invested €12m in France-based Crosscall, an all-weather smartphone manufacturer.
New firm will target lower-mid-market enterprise and financial technology businesses in Europe
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
ECM will use equity from its German Equity Partners V fund, which closed on €325m in June 2018
GP invests from its €2bn fund Investindustrial VI, which targets European mid-market companies