The Limited Times

Now you can see non-English news...

Eurazeo: "The challenge is to have European technological breakthroughs":

2021-07-23T13:58:10.019Z


With a budget of 1.6 billion euros, Eurazeo is raising the largest tech growth fund in Europe. 1.6 billion euros (nearly 1.9 billion dollars) for European tech champions. By exceeding its objectives, Eurazeo has just raised the largest growth fund in the European Union to accelerate investments in new health technologies, software, fintechs, cybersecurity or online marketplaces. Read also: An alert system in the face of cyber danger “ Between early 2020, when we started the fundraising, a


1.6 billion euros (nearly 1.9 billion dollars) for European tech champions.

By exceeding its objectives, Eurazeo has just raised the largest growth fund in the European Union to accelerate investments in new health technologies, software, fintechs, cybersecurity or online marketplaces.

Read also: An alert system in the face of cyber danger

Between early 2020, when we started the fundraising, and today, the growth equity market in Europe has accelerated,”

explains Yann du Rusquec, partner at Eurazeo

.

With larger amounts that correspond to the higher ambitions of tech companies

”.

The investment company headed by Virginie Morgon, which already has the Vestiaire Collective, Doctolib, ManoMano or Back Market unicorns in its portfolio, is doing better than the former European champion: the Italian fund FSI, which had raised 1.6 billion euros dollars.

In the coming years, there must be at least 3 or 4 European funds capable of financing companies valued at more than 5 billion euros

Yann du Rusquec, partner at Eurazeo

The "

third generation

"

fund

announced on Friday, of which 320 million euros have been committed

This article is for subscribers only.

You have 78% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 for 2 months

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-07-23

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.