ISAI closes new $175 million fund – TechCrunch

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French enterprise capital agency ISAI simply raised a brand new $175 million fund (€150 million) known as ISAI Enlargement II. This fund is designed for later stage investments.

The agency says that it managed to boost this fund in lower than three months. It is a progress fund and the workforce plans to take a position between $6 million and $35 million per deal (between €5 million and €30 million).

ISAI first began with a seed fund again in 2010. The corporate raised a $41 million fund (€35 million) and invested in BlaBlaCar shortly after that. The agency has raised a progress fund and one other seed fund since then.

In the event you embrace right this moment’s new fund, ISAI has raised over $350 million in complete (€300 million). So ISAI Enlargement II is by far the most important fund thus far.

Restricted companions embrace dozens of profitable tech entrepreneurs in addition to institutional companions. Many present traders invested as soon as once more in ISAI’s new fund. Some entrepreneurs joined the record for the primary time.

With the earlier ISAI Enlargement fund, the agency invested in 9 firms over 5 years. And ISAI already offered its shares in two firms, Hospimedia and Labelium.

ISAI additionally says that it could assist entrepreneurs utilizing proprietor buy-out transactions. By making a holding firm, any such operations lets entrepreneurs money out, purchase shares from present minor traders and work with a brand new investor.

Extra apparently, ISAI doesn’t essentially need to deal with Paris-based tech startups. The agency can also be in search of investments in additional conventional firms that aren’t but benefiting from digital alternatives.

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