Company type | Venture capital |
---|---|
Founded | 2008 |
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]
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]
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]