Newfund

Newfund Management
Venture capital
Founded 2008
Headquarters Paris, France
Key people
 François Véron, Patrick Malka, Henri Deshays
Website www.newfund.fr

Newfund is an early-stage venture capital firm with offices in Paris, France and Los Altos, California. Founded in 2008, it had raised more than 230 million euros as of September 2018, mostly from entrepreneurs, business leaders, and family offices (and unusually for France, with no government support), and invested in over 70 start-up companies, mostly in France and the United States.[1] It defines itself as "people-driven" and typically invests between €500,000 and €2m per company.[2]

In January 2016, Newfund was listed third in an independent ranking of the Top 10 French venture capital firms in the FinTech sector.[3] Newfund's founding partner François Véron is a former board member of France's Venture Capital trade body AFIC,[4] and an oft-quoted source on venture capital matters in French and international media.[5][6][7]

Investments

Companies in which Newfund has invested include:

Notable exits include Medtech, a Montpellier-based robotic surgery company that developed the ROSA robot, listed on Euronext Paris from November 2013 [13] and purchased in July 2016 by Zimmer Biomet;[14] MobPartner, a phone company purchased in March 2015 by Cheetah Mobile;[15] and Monbento, a Clermont-Ferrand-based lifestyle company whose award-winning Bento boxes are distributed by the New York Museum of Modern Art,[16] purchased in July 2018 by Peugeot Freres Industrie.[17]

Team

François Véron created Newfund in 2008 after a decade of private equity investment experience.[18]

Newfund's other partners include Patrick Malka and Henri Deshays.[19]

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. ↑ "Rencontre avec Bruno Mettling, directeur général d'Orange MEA, et François Véron, président de Newfund". En Temps Réel. May 4, 2016.
  5. ↑ François Véron, Newfund : "En France, on respecte davantage l’intelligence que l’argent, l’analyse que le succès". Le Nouvel Economiste. April 20, 2016.
  6. ↑ «Pour un nouveau contrat épargnants-entreprises», par Blignières, Boujnah, Mestrallet, Montchalin, Véron... L'Opinion. March 28, 2018.
  7. ↑ Daniel Michaels (December 4, 2017). Europe Starts Seed Fund to Keep Small Tech From Leaving. Wall Street Journal.
  8. ↑ Romain Dillet (June 2, 2015). "Aircall Is The Easiest Way To Create And Manage Your Phone Customer Service". TechCrunch.
  9. ↑ "IBillionaire Raises One Million Dollars to Deliver Hedge Fund-Like Returns to the Average Investor". iNewsWire. February 4, 2014.
  10. ↑ "In2Bones". L'Usine digitale. March 19, 2014.
  11. ↑ "#IoT: Red Luxury lève 1 million d'euros et prépare une montre connectée d'ici fin 2014". Maddyness. July 8, 2014.
  12. ↑ "Tageos lève 2 millions d'euros auprès de Newfund". FrenchWeb. May 25, 2012.
  13. ↑ "MedTech (Robot Rosa) opens its capital". RobotShop. April 30, 2010.
  14. ↑ Jof Enriquez (July 20, 2016). "Zimmer Biomet Acquires Medtech SA, Joins Surgical Robotics Fray". Med Device Online.
  15. ↑ Wiki Su (March 17, 2015). "Venture-Backed Cheetah Mobile Acquires MobPartner For $58M". China Money Network.
  16. ↑ "Monbento Lunchbox". MoMA Store.
  17. ↑ "Peugeot Frères rachète la majorité du capital du fabricant de boîtes-repas Monbento". Capital.fr. July 12, 2018.
  18. ↑ "François Véron". Bloomberg Businessweek.
  19. ↑ Alex Derber (July 6, 2017). "Venture valuations are rising in France, but bigger exits needed". VCJ.
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