Alven Capital Fund V raises $260.3 mln

Alven Capital said Dec. 15 that it closed its most recent fund at its hard cap of 250 million euros. ($260.3 million). Paris-based Alven Capital is an early-stage venture capital firm that mainly backs French entrepreneurs in the digital technology space. The firm’s prior fund collected 120 million euros in 2013.


December 15, 2016 – Alven Capital announces the close of Alven Capital V. The venture capital
fund will continue the firm’s successful 17-year history of early stage investments in the globally
expanding French Tech ecosystem.
Thanks to strong demand from both existing and new investors, Alven Capital V held a first and
final close at its hard cap of €250 million, more than doubling its previous fund size. Some 80% of
the fund’s capital came from European institutional investors, with the balance sourced from
European, North American and Asian family offices and tech entrepreneurs. All prior fund
investors re-upped.
Founded in 1999 to support outstanding French digital technology entrepreneurs, Alven has
backed more than 100 startups since inception. The firm has participated in some of the most
recognized French Tech successes, including Big Data-based customer relationship manager
Webhelp, fast-growing online train booking service CaptainTrain (sold to KKR-backed Trainline
earlier this year) and Europe’s largest peer-to-peer car rental service Drivy. Alven is also an early
investor in coveted fast growth firms like Algolia, Dataiku, and Peopledoc – all viewed as the next
generation French Tech global successes.
Top quartile Alven Capital IV fund – which closed on €120 million in 2013 – has already achieved 7
exits with a return on realized investments of 5 times invested capital. “Performance is key when it
comes to successful fundraising,” say Alven co-founder Guillaume Aubin. “But we’ve seen investor
enthusiasm for our funds quickly grow as it’s become evident that vibrant, less crowded startup
ecosystems exist outside of Silicon Valley.”
“The French ecosystem has produced great teams, innovative concepts and outstanding companies
that have succeeded well beyond our borders and investors clearly recognize that,” says co-founder
Charles Letourneur. “We are committed more than ever to helping the most talented, innovative
and ambitious French entrepreneurs develop their models internationally.”
Triago acted as placement agent for the fundraising.
About Alven – Paris-based Alven Capital is an early-stage venture capital firm. Alven backs
primarily French entrepreneurs in the digital technology space such as Dataiku, Drivy, Gemmyo,
Birchbox, Openclassrooms, Happn, CaptainTrain/Trainline, Bime Analytics, Frichti, Tinyclues,
iAdvize, Liligo, Wynd, Algolia, Akeneo, Meilleursagents, etc.