Yotta holds first close on €101m for Smart Industry Fund

The vehicle, which held the first close at the end of July, has a target of more than €120m.

Syperus Finances acted as an adviser for the fundraise.

Yotta was founded in 2018 and focuses on French small and medium-sized companies providing technological services, as well as industrial SMEs with a strategy for digitally enabled transformation. 

Investors 
LPs in the fund are institutional investors, which, among others, include BPI France and the European Investment Fund (EIF). 

Investments
The vehicle will focus on French small and medium-sized industrial companies. The GP said in a statement that it will help them become more competitive, more international and more carbon efficient. 

The PE firm will deploy equity tickets of €1-10m in companies generating revenues of €5-50m.

The GP has an additional goal of reducing the carbon emissions of its portfolio companies and has partnered with energy transition consultancy Carbone4 for this. 

People
Yotta Capital Partners – Pierre Dejoux, Xavier Herrmann, Benoit Perrot (partners).  

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