Newfund Management
TypeVenture capital
Founded2008
Headquarters
Paris
,
France
Key people
François Véron, Patrick Malka, Henri Deshays
Websitewww.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.


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