The French startup Ovni Capital has announced a first closing of €50 million for its early-stage fund, indicating a growing interest in French tech startups. With the help of Ovni Capital, these startups can access the capital they need to grow and innovate. Now more than ever, France must support its burgeoning tech scene and give companies like Ovni Capital the opportunity to make a real impact.
Since they’ve already invested in other startups, Arnaud Laurent and Augustin Sayer were naturally interested in backing Vox Media’s plan to invest $100 million into the company. They believed that Vox could achieve great things with that kind of money and are supportive of the team’s ambition.
Sayer’s expertise in startup investing and his ability to identify promising companies have made him a leading figure in the industry. He has helped numerous startups achieve mainstream success, and has shown a remarkable track record of success with economic establishments. In addition to his expertise in startup investing, Sayer is also well-known for his attention to detail and analytical approach to problem solving.
Omni Capital has a lot of faith in French entrepreneurs and their ability to take their businesses global from the start. Unicorns per capita is higher in many Scandinavian cities than it is in France, which proves that there are plenty of ambitious French business owners out there who are still waiting to take their companies global. With Omni Capital’s help, these entrepreneurs can make the jump and expand their businesses into new markets quickly and easily.
Given that French startups are more likely to raise a Series B if they take an international approach from the start, this suggests that the global marketplace is more open to investing in French companies than in their domestic counterparts. Taking advantage of this opportunity early on can help a startup secure additional funding and reach its full potential.
Ovni Capital plans to focus on startups with a unique perspective or deep tech startups instead of more traditional marketplaces and vertical software-as-a-service products. This is in line with the firm’s philosophy that startup success is not solely based on size, but on innovation and experiencing new markets. The addition of experts to the board of directors will be critical for helping these companies scale.
Ovni Capital’s approach to fundraising is interesting. They are trying to attract successful entrepreneurs as investors, rather than just relying on angel investors. This strategy seems to be working so far, as they have managed to convince 50 French tech entrepreneurs to back the fund. If some of them want to get involved in an operational way, they can represent Ovni Capital on the boards of portfolio companies.
Axeptio is a user consent management startup that plans to use Ovni Capital’s funding to expand its reach and develop new products. Ovni Capital believes that Axeptio has the potential to become a leading player in the field, and looks forward to helping the company achieve its goals.