From Wikipedia, the free encyclopedia
Newfund Management
Company typeVenture capital
Founded2008
Headquarters
Paris
,
France
Key people
François Véron, Patrick Malka, Henri Deshays
Website www.newfund.fr

Newfund is a venture capital firm focused on early stage investment in France and the United States. Founded in 2008, it had raised more than 230 million euros as of September 2018, [1] mostly from entrepreneurs, business leaders, and family offices. It typically invests between €500,000 and €2m per company. [2] It has repeatedly been listed among the most significant venture capital funds in France. [3] [4] [5]

Investments

Newfund's geographical scope of investment is in France and the United States, including a dedicated fund in the Nouvelle-Aquitaine Region and the Basque Country initiated in December 2018. [6] Its sectoral scope has included web-enabled services, health technology, financial technology, and since 2021, neuroscience and mental health. [7]

Notable companies in which Newfund is an investor include Aircall, a cloud-based phone services provider; [8] Red Luxury, a Paris-based designer of fashion watches and jewelry; [9] and FairMoney, a prominent digital bank in Nigeria. [10] [11]

Notable exits have included Medtech, a robotic surgery company that developed the ROSA robot, listed on Euronext Paris from November 2013, [12] and purchased in July 2016 by Zimmer Biomet; [13] Luckey Homes, a Paris-based concierge services company, purchased in December 2018 by Airbnb; [14] Beyond Ratings, an ESMA-registered credit rating agency, purchased in June 2019 by London Stock Exchange Group; [15] [16] Eqinov, an energy efficiency services provider, purchased in February 2022 by Acciona Energy; [17] [18] Tageos, a designer and manufacturer of RFID labels, purchased in March 2022 by Fedrigoni; [19] [20] and In2Bones, a medical device designer and manufacturer, purchased in June 2022 by CONMED Corporation. [21] [22]

Team

François Véron, a former board member of trade body AFIC (Association Française des Investisseurs en Capital, renamed France Invest in January 2018), [23] created Newfund in 2008. [24] [25] [26]

See also

References

  1. ^ Elsa Bembaron (September 25, 2018). Un nouveau fonds de 130 millions d'euros pour les start-up. Le Figaro.
  2. ^ Déborah Loye (September 25, 2018). Newfund lève un deuxième fonds dédié à l'amorçage. Les Echos.
  3. ^ "Les 10 VC français les plus investis dans les Fintechs". Techfoliance. January 6, 2016.
  4. ^ Ali Colwell (9 July 2020). "The top 100 early-stage venture capital investors in Europe in 2018". Salesflare.
  5. ^ "Capital investissement : Opérations de capital risque - Classement 2022". Décideurs Magazine.
  6. ^ "Newfund lance nouvelle Aquitaine". Industrie-Mag. December 10, 2018.
  7. ^ Geraldine Russell (22 October 2021). "La France mise sur ses cerveaux pour s'imposer dans la BrainTech". Maddyness.
  8. ^ "Aircall Reaches 'Centaur' Status With $100 Million in ARR". The Software Report. 19 December 2022.
  9. ^ "#IoT: Red Luxury lève 1 million d'euros et prépare une montre connectée d'ici fin 2014". Maddyness. July 8, 2014.
  10. ^ Tage Kene-Okafor (2 July 2021). "Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney". TechCrunch.
  11. ^ David Pilling (15 July 2021). "African start-ups attract international investors — but need local ones too". Financial Times.
  12. ^ "MedTech (Robot Rosa) opens its capital". RobotShop. April 30, 2010.
  13. ^ Jof Enriquez (July 20, 2016). "Zimmer Biomet Acquires Medtech SA, Joins Surgical Robotics Fray". Med Device Online.
  14. ^ Deanna Ting (December 12, 2018). "Airbnb's Deal for French Firm Could Signal Entry Into Property Management". Skift.
  15. ^ "ESMA Registers Beyond Ratings SAS as Credit Rating Agency". European Securities and Markets Authority (ESMA). March 18, 2019.
  16. ^ "London Stock Exchange buys data provider Beyond Ratings in ESG push". Reuters. June 3, 2019.
  17. ^ "Les conseils énergétiques EQINOV lèvent 1,5 M€ auprès de NEWFUND". FusAcq. March 6, 2017.
  18. ^ "Acciona Energia takes big stake in French energy efficiency specialist". Renewables Now. 2 February 2022.
  19. ^ "Tageos lève 2 millions d'euros auprès de Newfund". FrenchWeb. May 25, 2012.
  20. ^ "Fedrigoni Acquires Majority Stake in RFID Specialist Tageos". Printed Electronics Now. 30 March 2022.
  21. ^ "In2Bones". L'Usine digitale. March 19, 2014.
  22. ^ Sean Whooley (14 June 2022). "Conmed completes $145M In2Bones acquisition". MassDevice.
  23. ^ "Rencontre avec Bruno Mettling, directeur général d'Orange MEA, et François Véron, président de Newfund". En Temps Réel. May 4, 2016.
  24. ^ François Véron, Newfund : "En France, on respecte davantage l’intelligence que l’argent, l’analyse que le succès". Le Nouvel Economiste. April 20, 2016.
  25. ^ "Pour un nouveau contrat épargnants-entreprises", par Blignières, Boujnah, Mestrallet, Montchalin, Véron... L'Opinion. March 28, 2018.
  26. ^ Daniel Michaels (December 4, 2017). Europe Starts Seed Fund to Keep Small Tech From Leaving. Wall Street Journal.

External links


From Wikipedia, the free encyclopedia
Newfund Management
Company typeVenture capital
Founded2008
Headquarters
Paris
,
France
Key people
François Véron, Patrick Malka, Henri Deshays
Website www.newfund.fr

Newfund is a venture capital firm focused on early stage investment in France and the United States. Founded in 2008, it had raised more than 230 million euros as of September 2018, [1] mostly from entrepreneurs, business leaders, and family offices. It typically invests between €500,000 and €2m per company. [2] It has repeatedly been listed among the most significant venture capital funds in France. [3] [4] [5]

Investments

Newfund's geographical scope of investment is in France and the United States, including a dedicated fund in the Nouvelle-Aquitaine Region and the Basque Country initiated in December 2018. [6] Its sectoral scope has included web-enabled services, health technology, financial technology, and since 2021, neuroscience and mental health. [7]

Notable companies in which Newfund is an investor include Aircall, a cloud-based phone services provider; [8] Red Luxury, a Paris-based designer of fashion watches and jewelry; [9] and FairMoney, a prominent digital bank in Nigeria. [10] [11]

Notable exits have included Medtech, a robotic surgery company that developed the ROSA robot, listed on Euronext Paris from November 2013, [12] and purchased in July 2016 by Zimmer Biomet; [13] Luckey Homes, a Paris-based concierge services company, purchased in December 2018 by Airbnb; [14] Beyond Ratings, an ESMA-registered credit rating agency, purchased in June 2019 by London Stock Exchange Group; [15] [16] Eqinov, an energy efficiency services provider, purchased in February 2022 by Acciona Energy; [17] [18] Tageos, a designer and manufacturer of RFID labels, purchased in March 2022 by Fedrigoni; [19] [20] and In2Bones, a medical device designer and manufacturer, purchased in June 2022 by CONMED Corporation. [21] [22]

Team

François Véron, a former board member of trade body AFIC (Association Française des Investisseurs en Capital, renamed France Invest in January 2018), [23] created Newfund in 2008. [24] [25] [26]

See also

References

  1. ^ Elsa Bembaron (September 25, 2018). Un nouveau fonds de 130 millions d'euros pour les start-up. Le Figaro.
  2. ^ Déborah Loye (September 25, 2018). Newfund lève un deuxième fonds dédié à l'amorçage. Les Echos.
  3. ^ "Les 10 VC français les plus investis dans les Fintechs". Techfoliance. January 6, 2016.
  4. ^ Ali Colwell (9 July 2020). "The top 100 early-stage venture capital investors in Europe in 2018". Salesflare.
  5. ^ "Capital investissement : Opérations de capital risque - Classement 2022". Décideurs Magazine.
  6. ^ "Newfund lance nouvelle Aquitaine". Industrie-Mag. December 10, 2018.
  7. ^ Geraldine Russell (22 October 2021). "La France mise sur ses cerveaux pour s'imposer dans la BrainTech". Maddyness.
  8. ^ "Aircall Reaches 'Centaur' Status With $100 Million in ARR". The Software Report. 19 December 2022.
  9. ^ "#IoT: Red Luxury lève 1 million d'euros et prépare une montre connectée d'ici fin 2014". Maddyness. July 8, 2014.
  10. ^ Tage Kene-Okafor (2 July 2021). "Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney". TechCrunch.
  11. ^ David Pilling (15 July 2021). "African start-ups attract international investors — but need local ones too". Financial Times.
  12. ^ "MedTech (Robot Rosa) opens its capital". RobotShop. April 30, 2010.
  13. ^ Jof Enriquez (July 20, 2016). "Zimmer Biomet Acquires Medtech SA, Joins Surgical Robotics Fray". Med Device Online.
  14. ^ Deanna Ting (December 12, 2018). "Airbnb's Deal for French Firm Could Signal Entry Into Property Management". Skift.
  15. ^ "ESMA Registers Beyond Ratings SAS as Credit Rating Agency". European Securities and Markets Authority (ESMA). March 18, 2019.
  16. ^ "London Stock Exchange buys data provider Beyond Ratings in ESG push". Reuters. June 3, 2019.
  17. ^ "Les conseils énergétiques EQINOV lèvent 1,5 M€ auprès de NEWFUND". FusAcq. March 6, 2017.
  18. ^ "Acciona Energia takes big stake in French energy efficiency specialist". Renewables Now. 2 February 2022.
  19. ^ "Tageos lève 2 millions d'euros auprès de Newfund". FrenchWeb. May 25, 2012.
  20. ^ "Fedrigoni Acquires Majority Stake in RFID Specialist Tageos". Printed Electronics Now. 30 March 2022.
  21. ^ "In2Bones". L'Usine digitale. March 19, 2014.
  22. ^ Sean Whooley (14 June 2022). "Conmed completes $145M In2Bones acquisition". MassDevice.
  23. ^ "Rencontre avec Bruno Mettling, directeur général d'Orange MEA, et François Véron, président de Newfund". En Temps Réel. May 4, 2016.
  24. ^ François Véron, Newfund : "En France, on respecte davantage l’intelligence que l’argent, l’analyse que le succès". Le Nouvel Economiste. April 20, 2016.
  25. ^ "Pour un nouveau contrat épargnants-entreprises", par Blignières, Boujnah, Mestrallet, Montchalin, Véron... L'Opinion. March 28, 2018.
  26. ^ Daniel Michaels (December 4, 2017). Europe Starts Seed Fund to Keep Small Tech From Leaving. Wall Street Journal.

External links



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