French startup accelerator TheFamily received an investment from venture capital firm Index Ventures.
The amount of the transaction was not disclosed but the WSJ said that the deal was “less than €1m”, according to Alice Zagury, CEO of the accelerator.
Paris-based TheFamily has already selected 30 startups, several of which have already received investments or exit offers. Now, it aims to work with 100 startups per year providing education, support systems and tools.
The accelerator recently revealed its plans to offer accommodation in a castle in Normandy for founders to better focus on their startups in a beautiful countryside. According to a note, the target is to create “an atmosphere there that France is known for – good food, better quality of life and being able to enjoy your work in a spectacular environment“.