
CapHorn holds €100m first close for second tech fund
Paris-based technology-focused venture capital firm CapHorn Invest has held a first close on €100m for its second fund, towards a €125m target.
Fundraising for this second fund started in September 2015, and targets private investors for the majority.
Laurent Dumas-Crouzillac, a partner at CapHorn Invest, stated that while the €125m target could already be reached at this stage, CapHorn was taking the time to consider which investors would be more aligned with their strategy.
The first fund, which was raised in 2011 and amounted to €50m, has been fully invested in a total of 12 digital-focused companies, including Adents, Kolibree and Vekia.
CapHorn Invest is a French venture capital fund founded in 2011 investing mostly in A and B rounds ranging between €1-15m, with initial tickets from €1-4m and further investments that can amount to €8m.
Investments
This second fund will enable CapHorn Invest to pursue its main goal of supporting small to medium-sized French businesses within the digital industry, and helping traditional businesses make their digital transition, according to CapHorn chair Hugues Joubert.
The fund has already begun investing, backing AntVoice, a software developer specialised in predictive recommendations on social media applications; and Critizr, a platform dedicated to facilitating customer feedback for large businesses.
People
CapHorn Invest – Hugues Joubert (chair); Laurent Dumas-Crouzillac (partner).
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