US-based Lightspeed Venture Partners and Israeli venture investor Gemini have committed EUR 4m in the first round of institutional funding in French news website Wikio.
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
Funding will help the studios expand their development pipelines and accelerate global growth
Vendors reportedly sought a valuation of between €800m-1bn for the company
P101 deploys capital from its Programma 102 and Italia 500 vehicles for the deal