After 37 years of existence, the Iris Capital fund continues to focus on the development of technology platforms, software, and fintech, by continuing to invest. “The idea for us is to identify projects that truly transform the market, we are looking for disruptive technologies,” underlined Julien-David Nitlech, managing partner, alongside Curt Gunsenheimer and Erik de la Rivière.
To support new entrepreneurs, Iris Capital has just raised €150 million to create Iris Venture IV. A fund supported by its historical investors Orange, Publicis, and Bpifrance, alongside European family offices, tech entrepreneurs, and founders of portfolio companies such as Fred Potter, founder of Netatmo, or Yannis Yahiaoui, co-founder of Adot.
Read more about Iris Capitala and discover the world’s most interesting financial news with the mobile app Born2Invest. The app provides its readers access to the latest news in global business, stock market, finance news, and also trending topics like bitcoin, cryptocurrency, and biotech.
Focus on the French and German fintech markets
This new fund should finance the development of 15 to 25 companies in seed and in series A thanks to tickets ranging from €1 million to €8 million. “The objective is to support companies that have already started developing their product and which are beginning to have interactions with their targets,” specified the managing partner.
Iris Capital investors also want to focus on the French and German markets. “We have a Franco-German DNA and the conviction that these basins are very rich and complementary,” said Julien-David Nitlech, based in Paris, who operates in particular alongside Curt Gunsenheimer, based in Berlin. The fund, which employs 20 people, now supports 45 companies and manages €800 million. Among them, 40% are French, and many are German. The others are based in Asia, the Middle East, and the United States. “These are very competitive markets, where it can be difficult to find a place. Whereas in France and Germany, we are performing very well,” specified Julien-David Nitlech.
In the past, Iris Capital has indeed contributed to the emergence of six ambitious tech companies. Among them, Netatmo, created in France, develops connected objects for the home. France’s artificial intelligence platform, Shift Technology, meanwhile detects fraudulent claims for insurers, and Exotic, a robotics company, is touted as France’s first industrial unicorn.
But investors remain cautious. “Over the past ten years, we have seen a little more innovation every day than the day before, with the emergence of many unicorns. At the end of 2019, many people thought the market was starting to show signs of weakening. But the Covid generated a number of investments never seen before, which generated an astronomical valuation of certain companies,” contextualizes Julien-David Nitlech. In recent months, however, many financial players have disappeared, in connection with the rise in credit rates and record inflation. “The entire equity market is in the process of being reformed, believes the investor. Funding for growth companies has slowed sharply, we are in a period of adjustment.”
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Maddyness, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Cardano’s Stablecoin DJED – an Important Addition to the Ecosystem
At launch, DJED will be traded on several decentralized crypto exchanges such as MinSwap, with centralized crypto exchange Bitrue set...
The Spanish Labor Market Slows Down Again in January
Despite the fact that January's data leave doubts, there are figures that show that Spain, for the time being, continues...
What Is the Status of Permissions for Crowdfunding Platforms in Europe?
ECSPR will also encourage international (or non-European) platforms to join the EU. Wefunder, one of the largest Reg CF funding...
Sens Iqony Energy Solutions Obtains €19.5M Loans from Bpce Lease
Sens Iqony Energy Solutions has already acted in Italy in the past. In December 2019, the company acquired a pipeline...
Greece Opens Europe’s Largest Medical Cannabis Cultivation Facility
The medical cannabis facility is expected to gradually reach full capacity soon to supply a wide range of cannabis products....
Business2 weeks ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 3]
Business2 weeks ago
Achieving Financial Success For European Businesses With Technology
Featured1 week ago
DAO Studio, a Blockchain-Based Venture Studio that Aggregates Investors and Founders in the Web3, Was Created
Business1 week ago
Arrow Credit Opportunities Buys €15M of Loans from BCC Bergamasca e Orobica