Newfund Management
Venture capital
Location cityParis
Location countryFrance
Foundation2008
Key peopleFrançois Véron, Patrick Malka, Henri Deshays
Homepagenewfundcap.com

Newfund is a venture capital firm focused on early stage investment in France and the United States. Founded in 2008, it had raised more than €400 million in funding by 2025,[1] mostly from entrepreneurs, business leaders, and family offices. It typically invests between €500,000 and €2m per company.[2] It has repeatedly been listed among the most significant venture capital funds in France.[3][4][5]

Investments

Newfund's geographical scope of investment is in France and the United States, including a dedicated fund in the Nouvelle-Aquitaine Region and the Basque Country initiated in December 2018.[6] Its sectoral scope has included web-enabled services, health technology, financial technology, and since 2021, neuroscience and mental health.[7]

Notable companies in which Newfund is an investor include Aircall, a cloud-based phone services provider;[8] Datagalaxy, a data knowledge platform supporting data culture within companies.[9] In the health and robotics sector, investments include In2Bones, a medical device designer and manufacturer;[10] Medtech, a robotic surgery company listed on Euronext Paris in November 2013 and acquired by Zimmer Biomet in 2016;[11] and Raidium, a company developing an artificial intelligence software for radiology.[12] In the energy and infrastructure sector, Newfund has backed Camping Car Park, a European network of 24/7 service areas for camper vans;[13] Eqinov, a low-carbon energy efficiency services provider acquired by Acciona Energy in 2022;[14][15] and Luckey Homes, a short-term rental concierge service acquired by Airbnb in 2018.[16] In the consumer and services space, investments include Advitam, an online funeral services platform,[17] and Shotgun, a social platform for live event and party discovery.[18] In fintech, Newfund is an investor in FairMoney, a digital banking app with over five million users in Nigeria.[19][20]

Team

François Véron, a former board member of trade body AFIC (Association Française des Investisseurs en Capital, renamed France Invest in January 2018),[21] created Newfund in 2008.[22][23][24]

See also

References

  1. ^ "BrainTech Alliance Launch - Interviews from founding members". braintechalliance.com. 2025-05-09.
  2. ^ Déborah Loye (September 25, 2018). Newfund lève un deuxième fonds dédié à l'amorçage. Les Echos.
  3. ^ "Les 10 VC français les plus investis dans les Fintechs". Techfoliance. January 6, 2016.
  4. ^ Ali Colwell (9 July 2020). "The top 100 early-stage venture capital investors in Europe in 2018". Salesflare
  5. ^ "Capital investissement : Opérations de capital risque - Classement 2022". Décideurs Magazine
  6. ^ "Newfund lance nouvelle Aquitaine". Industrie-Mag. December 10, 2018.
  7. ^ Geraldine Russell (2021/10/22). "La France mise sur ses cerveaux pour s'imposer dans la BrainTech". Maddyness
  8. ^ "Aircall Reaches ‘Centaur’ Status With $100 Million in ARR". The Software Report. 2022/12/19.
  9. ^ Lazhar Sellami,Sébastien Thomas (2020/06/25). "Datagalaxy". L’USINEDIGITALE
  10. ^ "In2Bones". L’USINEDIGITALE. 2014/03/19.
  11. ^ "Zimmer Biomet Acquires Medtech SA, Joins Surgical Robotics Fray". Meddeviceonline. 2016/07/20.
  12. ^ "French Tech : Raidium, la start-up qui crée le « GPT de la radiologie »". Les Échos. 2024-11-14.
  13. ^ "Reev Raises $9.2M to Advance Wearable Robotics for Mobility Assistance". Technews180. 2025/02/06.
  14. ^ "Les conseils énergétiques EQINOV lèvent 1,5 M€ auprès de NEWFUND". FusAcq. March 6, 2017.
  15. ^ "Acciona Energia takes big stake in French energy efficiency specialist". Renewables Now. 2022/02/02.
  16. ^ Deanna Ting (December 12, 2018). "Airbnb's Deal for French Firm Could Signal Entry Into Property Management". Skift
  17. ^ "Advitam, la start-up qui dépoussière le marché des obsèques". Entrepreneurslesechos. 2018/10/29.
  18. ^ "Shotgun lève deux millions d’euros pour faciliter la découverte de la scène électro". Maddyness. 2020-02-17.
  19. ^ Charlie Perreau (2019/09/16). "FairMoney lève 10 millions d'euros pour lancer le N26 des pays en développement". journaldunet
  20. ^ David Pilling (2021/07/15). "African start-ups attract international investors — but need local ones too". Financial Times
  21. ^ "Rencontre avec Bruno Mettling, directeur général d'Orange MEA, et François Véron, président de Newfund". En Temps Réel. May 4, 2016.
  22. ^ François Véron, Newfund : "En France, on respecte davantage l’intelligence que l’argent, l’analyse que le succès". Le Nouvel Economiste. April 20, 2016.
  23. ^ "Pour un nouveau contrat épargnants-entreprises", par Blignières, Boujnah, Mestrallet, Montchalin, Véron.... L'Opinion. March 28, 2018.
  24. ^ Daniel Michaels (December 4, 2017). Europe Starts Seed Fund to Keep Small Tech From Leaving. Wall Street Journal.