Lucile Cornet has been appointed Partner with Eight Roads Ventures Europe, a conglomerate concentrates on startups in Europe and Israel. Cornet is its firstly female Partner. Eight Roads is backed by Fidelity and has over$ 6 billion resources under control globally.
Cornet will be focusing on the software and fintech sectors and previously preceded a number of investments for the firm, having risen from Associate to Partner within five years. It’s an out of the ordinary career trajectory when VC is notorious for having a’ no sequence’ culture, unless partners effectively buy into funds.
Cornet commented: “I am immensely idealistic about what is to come for European technology financiers. We are seeing more and more amazing benefactors and innovative occupations across the whole European region with passions and abilities to become world advocates, and I look forward to helping them scale up.”
Speaking with TechCrunch, Cornet supplemented: “I feel so, so fortunate because I think we’ve been living during a once in a lifetime transformation in general in tech and also in Europe. To construct some of those companies, and exactly be part of the ecosystem has been marvelous. I know how much more exciting things are going to be in the next couple of years.”
Cornet previously guided investments into Spendesk, the Paris-based spend management platform; Thinksurance, the Frankfurt-based B2B insurtech; and Compte-Nickel, one of the first European neobanks which was successfully acquired by BNP Paribas in 2017. She likewise sits on members of the board of VIU Eyewear, OTA Insight and Fuse Universal.
France-born Cornet’s previous job includes investment banking, Summit Marriage, and she met Eight Roads Ventures in 2015. She was a’ rising star’ at the GP Bullhound Investor of the Year Allotments 2020.
Commenting, Davor Hebel, organizing partner at Eight Roads Ventures Europe, said: “We are delighted with Lucile’s success so far at Eight Roads. She has made a huge impact in Europe and globally since joining the firm. She has a tremendous work ethic and drive … relating the best European companies and helping them scale into world champions. Her publicity too speaks to our desire to continue to develop our best investment talent and promote from within.”
Speaking to me in an interview Hebel included: “We ever believed in a slightly different approach and we say when we hire beings, even from the beginning, we want them to have judgment, and we want them to have that proximity when they meet entrepreneurs. So it was always part of the example for us to say, we might not hire many beings, but we really want them to have the potential to grow and stay with us and have the track and its full potential to do so.”
In 2020, Eight Roads Ventures Europe invested in Cazoo, Otrium, Spendesk, Odaseva and most recently Tibber, accomplished eight follow-on assets and exited Rimilia. The house likewise ensure its portfolio fellowship AppsFlyer reach a$ 2 billion valuation.
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