Paris, July 9th, 2019 – Innovacom, a venture capital pioneer in France, announces the first closing of its technocom3 seed capital fund with the initial support of renowned financial and corporate investors, the National Seed Fund 2, managed by Bpifrance as part of the Future Investment Program, Cemag Invest, Seb Alliance, SITA and Soitec. Innovacom intends to expand, by the end of the year, its round table of investors to provide technocom3 with a total investment capacity of 60 million euros.
With this 10th vintage, Innovacom will support the best innovations from the major French and European research centers and from innovative companies. Over the next five years, the technocom3 seed fund will select around twenty companies developing projects with a high technological and scientific content in various sectoral applications (materials, components, hardware, software, or digital services). The investment horizon for technocom3 is 10 years.
With Bpifrance’s presence through the National Seed Fund 2* and the support of its pool of private investors, Innovacom will rely on a variety of industrial and technological expertise to the benefit of its investment strategy. This new vintage of funds devotes years of accumulated experience of Innovacom and reflects the investment philosophy that the management team (Vincent Deltrieu, Jérôme Faul, and Frédéric Humbert) has implemented in recent years.
“We are committed to promoting the generation of game changing innovations that can have a lasting impact on their markets and to bringing together talents and resources to serve supported companies,” explains Jérôme Faul, Managing Partner of Innovacom. “Our DNA is to be a “catalyst” investor, focused on creating value through support, networking and finding the best industrial partners for our startups in a context of open innovation,” he further explains.
Innovacom invests at different stages of the company’s life and currently manages several funds from seed to early stage, expansion. Its recent association with the Turenne Group has given rise to a €1 billion private equity platform under management.
*The National Seed Fund 2 is an action of the Future Investment Program launched by the French State in December 2009.
A pioneer in venture capital in France, Innovacom has invested nearly €1 billion since 1988, supported more than 300 digital startups, participated in more than 20 stock market listings and 150 trade sales.
Innovacom has contributed to several successes in various sectors such as: electric vehicles (G2Mobility), Ad Tech (Videoplazza), medical imaging (Olea Medical), digital customer relations (Dimelo), connectivity in trains (21Net Ltd) or components for smartphones with the Heptagon unicorn.
Among its most recent investments are companies such as Aryballe Technologies, CAILabs, Cozy Cloud, Exagan, Feeligreen, Intersec, ITEN, Kolibree, MicroEJ, Matrixx Software or Robart Gmbh.
Its recent association with the Turenne Group, one of the leaders in private equity in France, has given rise to a €1 billion private equity platform. Present in Paris and Marseille, Innovacom is a company regulated by the French Market Authorities.
Bpifrance is the French national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extra financial services (training, consultancy…) to help entrepreneurs meet their challenges (innovation, export…).
www.bpifrance.fr – presse.bpifrance.fr
@Bpifrance – @BpifrancePresse
Contact Presse : Christophe Menger, email@example.com
Invest is a family office active in the healthcare sector.
SEB Group created the investment fund SEB ALLIANCE in May 2011 in order to anticipate the evolutions of the small domestic equipment market and to open its innovation policy to new technologies and new expertise. Endowed with a capital of 30 million euros, SEB ALLIANCE is at the same time an instrument of technological watch and an investment structure. It targets as a priority minority stakes acquisitions in innovative companies with a high technological content.
SITA is the leading IT provider to the air transport industry. SITA drives collaborative development and innovation across the air transport community, helping nearly every airline and airport in the world achieve operational efficiencies and deliver a seamless passenger journey.
Soitec (Euronext, Tech 40 Paris) is a world leader in designing and manufacturing innovative semiconductor materials. The company uses its unique technologies and semiconductor expertise to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to answer its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the U.S. and Asia.