C4 Ventures, the Paris-based VC, had given rise to a new EUR8 0 million ($ 88 million) “Fund II “. The money was founded by Pascal Cagni, a former Europe boss of Apple, and includes cofounder Raph Crouan, another Apple alumnu previously with Startupbootcamp and is currently President of La FrenchTech. C4 is designed to be a” post-Series A” money and normally endows around EUR3- 4 million euros.
The brand-new money is described as a “boutique” VC which is concentrated in tech which will prosper in ” post-Covid ” macrocosm. Recruited by the sometime Steve Jobs, Cagni started the fund within months of leaving Apple, but the firm didn’t become substantial until 2014. Outside of business, Cagni is an “ally” to President Emmanuel Macron and has worked on various initiatives to boost France’s technology and entrepreneurship sectors.
Cagni, who was head of Apple in Europe from 2000 to 2012, said: “Having watched first-hand technology’s unique power to drive real-time behavioral conversion, we be suggested that, although Covid-1 9 is going to bring about an economic downturn, it is also going to be a breeding ground for invention and modification through disorderly tech, ” said Pascal Cagni. “We felt self-confident that we should, as projected, elevate and deploy asset during this period.”
Fund II has a good head start, having invested in seven business which will be able to adapt to a Post-Covid world including 😛 TAGEND
* Zoov, a French electrical bike-sharing platform
* DriveNets, a software busines accommodating the cloud model to networking, admitting shopper “providers ” to scale up for lower costs.
* Trouva, a European online homeware marketplace helping independent regional shops magnitude their gives online.
C4 has previously invested in include Nest, the smart thermostat corporation acquired by Google for $3.2 billion, and Graphcore, an AI chip start-up now evaluated at over$ 2 billion. But it also gave cash into Anki, a consumer robotics company that vanished bust last year after fostering around $200 million.
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