Eutopia raises €50m across two funds

The VC span out of family office Otium Capital in early 2019. Via a previous fund entirely backed by Otium, the team had invested in 14 startups since 2015. Around 60% of these businesses are profitable, according to a statement by Eutopia.

Previously backed businesses include Oh My Cream, Hari&Co, Dynamo Cycling, Feed and Tediber.

Investors
The funds have been backed by family offices and consumer sector entrepreneurs.

Investments
The VC specialises in backing startups operating within the consumer sector and with high ESG standards.

Via the new funds, the VC will target food, beauty, fashion and entertainment businesses based in France, Europe and the US, providing tickets in the €500,000-10m range.

The VC has already invested €6m in two businesses via the latest funds: Tiptoe and Organic Basics. Founded in 2015, Paris-based Tiptoe produces sustainable furniture. Eutopia has invested in the company alongside BPI France. Danish business Organic Basics, also founded in 2015, is a sustainable fashion retailer. The company is based in København.

People
Eutopia – Antoine Fine, Camille Kriebitzsch, Antoine Régis, Cyrille Bessière (co-founders). 

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