Paris and Lille, France-based venture capital firm CapHorn Invest held the first close of its second fund at €100m.
Backers include more than 150 investors, the vast majority of them being experienced managers and entrepreneurs, the European Investment Fund (read here), family offices and Bpifrance.
The fund, which has a final target of €125M, aims to make initial minority investments (from €0.5m to €4m) in seed and Series A & B rounds of 20 SMEs reinventing traditional markets via digital technologies. The first investment of the new fund is Critizr (read here).
With the €50m first fund, launched five years ago, the firm invested in dozen companies including Adents, Envoimoinscher.com, InterCloud and Vekia.
CapHorn Invest is led by Hugues Joubert, Laurent Dumas-Crouzillac, Guillaume Dupont, and Foucauld Delannoy.