I-Source Gestion closes EUR60m fund I-Source 3

01 March 2008

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Fund

I-Source Gestion has closed a new EUR60m fund I-Source 3. The funds will be used to continue I-Source Gestion's early-stage venture investments in information and communication technology companies in Western Europe. I-Source Gestion plans to invest a maximum of EUR6m per venture. Proskauer Rose provided legal advice.

Investors

Investors in the new fund were CDC Enterprises for EUR30m, Alcatel-Lucent EUR10m, Inria-Transfert EUR5.2m, Natixis' fund-of-funds Dahlia Partners EUR5m, GIMV EUR5m, Macif Mutavie EUR4m, Groupement des Ecoles des Telecommunications (GET) EUR500,000, and the management who also invested EUR500,000. I-Source Gestion will seek to use I-Source 3 to lead or co-lead investments in software, multimedia, telecom, embedded systems and associated services ventures as well as use the fund to support initial investments in subsequent rounds.

People

Daniel Balmisse represented CDC Enterprises, Francois Behague for Alcatel-Lucent, Laurent Kott for Inria-Transfert, Didier Pascal for Dahlia Partners, Steven Coppens on behalf of GIMV, Jean-Philippe Richaud worked on the financing for Macif Mutavie, Christophe Digne for GET and Eric Harle for I-Source Gestion. Daniel Schmidt and Olivier Dumas of Proskauer Rose provided the legal advice which Claude Harmant providing financial advice.

Name

I-Source 3

Target

EUR60m

Focus

Information & communication technology

Contact

Eric Harle

Address

I-Source Gestion

1-3 avenue Jean Jaures

78000 Versailles