Newfund Management

Newfund 2 is a significant step-up from the €72m Newfund 1 but comes short of €150m target

Fresh capital will be used to consolidate FlexyBeauty's position in France and expand into the UK

Newfund provides the majority of the round, with business angels contributing the remainder

Newfund Capital first backed Camping and Co in 2010 via a €500,000 seed round, and was later joined by Otium Capital

Fund is a significant step-up from Newfund 1, which closed with €72m in commitments in 2009

Paris-based VC firm invested via its maiden fund Newfund 1, closed on €72m in 2009

Company is the 34th investment by Newfund

Venture capital Newfund has backed XOR Motors, a French manufacturer of electric scooters.

Newfund has invested €500,000 in Brazeco, a French producer of compressed wood logs.

Newfund has provided French caravanning sites operator Camping-Car Park with €1.5m of funding.

Newfund has invested €1.5m in French telecommunications business Invoxia.

French VC Newfund has provided software developer Sykio with €1m of growth capital funding.

Newfund has made a growth equity investment in Izeos, a French company offering a range of online services to medical professionals.