Alven Capital, a Paris-based private and venture capital investor has recently raised $261 million (€250 million) fund called Alven V (five), according to a report by Techcrunch. Alven Capital is focused primarily on investments in French entrepreneur-led companies in the digital technology space.
“This €250 million fund — we’re not going to start making very big Series B investments, we’re going to use it on Series A rounds,” said Jeremy Uzan, Partner, Alven Capital.
“We usually shared our best investments with other investors. Now, we’re able to invest as much as €30 million on a single company,” he added.
The firm plans to invest its fund across 20 to 25 companies, which is in line with Alven Capital’s previous fund’s vision, which is reportedly, technology led startups. According to the company, Alven IV (four) was only a $125 million(€120 million) fund, now all backers of Alven IV have reinvested in Alven V.
Alven Capital claims to invest primarily in French tech entrepreneurs to maximize their cultural fit with the founders and utility of their network and expertise in Europe. This includes three areas of the SaaS (Software as a Service) market, namely Enterprise subscriptions, Picks and shovels digital enablers and SMB and prosumers, Big data and high-technology digital services, and Consumer digital services.