Singular, a Parisian VC Firm, Secures $435M for its Second Fund

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For a VC firm, the second fund is a make-or-break moment. First, after raising €225 million for its initial fund ($245 million at today’s exchange rate), Singular managed to raise €400 million for the second fund. Second, all the investors who participated in the first fund are back as limited partners in the second fund — this is a good signal. This wasn’t an obvious outcome for the VC firm, as it’s been a wild ride over the past two or three years in venture capital. Building a big European VC fundUnlike many VC firms based in Paris, Singular has been investing in European startups from day one.