Elaia Partners, a Paris, France-based venture capital firm, has held the first close of fourth fund, at €115m.
In this initial closing, Elaia Partners received support from all its major repeating investors, including Bpifrance and EIF, through the InnovFin mandate, and expanded its Limited Partners base with numerous French and international investors with complementary profiles (institutions, funds of funds, insurance companies, corporates, family offices) including Sabadell Asset Management, MGEN, BNP Paribas, EDF, Nexity, Financière Saint-James (vente-privee.com cofounder Michaël Bénabou’s personal holding), Groupe ADP, CEPAC Investissement & Développement, BRED Banque Populaire amongst others.
The firm will now keep subscriptions to the fund open due to ongoing interest from additional investors expecting to reach its €150M hard cap through a final close in the next few months.
Led by Partners Xavier Lazarus, Marc Rougier, and Philippe Gire, Elaia Partners, the new vehicle is following Elaia Partners’ historical strategy targeting European early-stage digital opportunities focusing on B2B or B2B2C business models with global ambitions.
The firm has started to deploy the fund earlier this year, with already three disclosed investments:
– Containo.us, an open source telecommunication solution provider for the Enterprise data center,
– FretLink, a software company providing a SaaS platform and apps linking up shippers to carriers in the fret industry, and
– Realytics, an AdTech company developing a technological and ROI-driven solution focused on TV advertising.
Two other investments (one in a robotics / AI company and the other in an AdTech specialist) will soon be disclosed.
Elaia Partners’ diversified portfolio includes companies such as Sigfox, Mirakl, Criteo, Teads, Marfeel, adomik, Talent.io, ZenChef, EasyRECrue, Shift Technology, Agriconomie, Tinyclues, Orchestra Networks, Agnitio, etc.