CapDecisif Management, a French venture capital firm, has held a first close of its new fund, CapDecisif 3, with €36 million ($48.6 million). Commitments for the seed fund have come from undisclosed French institutional investors, the firm said. CapDecisif Management was advised for its fundraising by the placement agent Jasmin Capital.
The French venture capital firm CapDecisif Management has announced the first closing of CapDecisif 3.
The firm has raised €36 million so far for the vehicle, with has a target of €50 million. Commitments have come from French institutional investors.
This seed fund is investing €0.5 to 5 million in about fifteen young high-potential innovative companies in the sectors of new information and communication technology, software, media, electronics, health, biotechnology, energy, the environment and engineering science, primarily in Ile-de-France.
CapDecisif Management is a French management company, created in 2001. In particular, CapDecisif Management has invested in Sequans in 2004, a company that has now been floated on the NYSE, Kynogon (equity multiple of 5.2x), Echosens (3.3x) and DBV (listed on the Paris Bourse).
CapDecisif Management was advised for its fundraising by the placement agent Jasmin Capital.