French venture capital firm Hi Inov closed its maiden fund at €40m.
Hi Inov intends to make 12/15 investments in startups developing e-services, point-of-sale technologies, digital media, social research, Internet of Things and mobile apps and analytics platforms.
Led by Pierre-Henri, Valérie Gombart, Valère Rames and Nicolas Meunier, the firm makes investments between €0.5 and €4M.
Its portfolio included Geolid, Mensquare, Commerce Guys, TagCommander and Famoco.
Hi Inov is based in Lyon and Paris.