Paris, France-based early-stage venture capital firm Alven Capital closed its latest fund at €250m (approx. $260.3m).
Limited Partners in Alven Capital V include European institutional investors (80%), as well as European, North American and Asian family offices and tech entrepreneurs.
The new fund will continue the firm’s strategy of investing in French entrepreneurs in the digital technology space.
Founded in 1999 by Guillaume Aubin and Charles Letourneur, Alven Capital has backed more than 100 startups since inception including Big Data-based customer relationship manager Webhelp, online train booking service CaptainTrain (sold to KKR-backed Trainline earlier in 2016) and peer-to-peer car rental service Drivy.
Alven is also an early investor in suchstartups as Algolia, Dataiku, Peopledoc, Gemmyo, Birchbox, Openclassrooms, Happn, CaptainTrain/Trainline, Bime Analytics, Frichti, Tinyclues, iAdvize, Liligo, Wynd, Akeneo, Meilleursagents, etc.
Alven Capital IV, the firm’s previous fund – which closed on €120m in 2013 – has already achieved 7 exits with a return on realized investments of 5 times invested capital.
Triago acted as placement agent for the fundraising.