Index invests in TheFamily

The fresh funding will be used to further develop TheFamily's program for French start-ups. The company also plans on acquiring a castle in Normandy to offer accommodation to its enlisted entrepreneurs. TheFamily currently operates out of a house in Paris.

Company
Founded in January this year and officially operating as an accelerator from March onwards, TheFamily provides an accelerator programme to French start-ups in exchange for a 1% equity stake. The accelerator also provides a legal pack to its start-ups, as well as a tools and B2B sales pack.

TheFamily hopes to partner with 100 start-ups per year and has created a consortium of venture capital investors that will eventually be introduced to the start-ups in TheFamily.

TheFamily is based in Paris and currently employs eight staff.

People
Alice Zagury, a former manager of French accelerator LeCamping, is the CEO and co-founder of TheFamily. Oussama Ammar and Nicolas Colin are both co-founders and partners of the company. Martin Mignot is a principal at Index.

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• Topics
• France
• Early-stage
• Industrials
• France
• Index Ventures