Alven, Blackfin lead €8m series-A for Pretto

Existing angel investors Jérémy Harroch, Hugues le Bret, Christophe Crémer and Kernel Capital, led by Pierre Kosciusko-Morizet, also joined the round.

Alven is currently deploying from its Alven Capital V fund, which held its final close on its €250m hard-cap in 2016. The firm’s venture funds mostly focus on early-stage investments in the French tech sector, investing €1-5m equity tickets.

Blackfin is currently deploying from BlackFin Tech Fund 1 which held a €180m final close in July 2018. The fund leads seed to series-C rounds, with tickets ranging from €2-7m, which can be raised to €15m at a later stage. It targets the financial, insurance and regulation technology sectors.

The fresh capital will be used to recruit 50 more people and develop Pretto’s credit scoring models.

Previous funding
In 2017, angel investor Pierre Kosciusko-Morizet led a seed funding round. He was joined by Jérémy Harroch, Hugues le Bret, Christophe Crémer and the Duval real estate group. Pretto raised €1.3m.

Company
Acting primarily as an online broker and mortgage adviser, the tool developed by Pretto reviews potential bank loans. The startup supports homebuyers throughout the mortgage process for free with customised counselling support. Founded in 2017, the company employs 40 people and claims to advise more than 100,000 users.

People
Blackfin Tech - Julien Creuzé (investment director).
Alven Capital – Charles Letourneur (managing partner).
Kernel Capital - Pierre Kosciusko-Morizet (founder and CEO).
Pretto – Renaud Pestre (co-founder); Pierre Chapon (co-founder).

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• Topics
• Expansion
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• Alven Capital
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