-A unique expert positioning in France, at the crossroads of Tech and private equity/VC businesses
-An innovative approach in financing, which is an attractive alternative to IPO or strategic acquisitions for the founders and managers of high-growth tech companies
Paris, July 4, 2018: ISAI, the main French Tech entrepreneurs’ fund, announces the closing of its
€150 million ISAI Expansion II fund.
This new fund, triple in size
than the previous fund, reached its hard cap in less than three months thanks
to the strong support from its historical limited partners (entrepreneurs and
institutional investors) and with the arrival of some dozens of new
entrepreneurs as limited partners.
With its strong track record
since 2013, its expertise and its unique positioning as an entrepreneurs’
backed fund, ISAI Expansion has become the preferred partner for ambitious
entrepreneurs, eager to accelerate their profitable growth strategy.
Over the past 5 years, ISAI
Expansion has supported 9 companies from a variety of sectors from digital
marketing, cybersecurity to B2B services, and has already successfully
completed the exit of two investments, Hospimedia and Labelium.
The ISAI Expansion II fund will support ambitious teams with tickets
between €5 and €30 million, in minority or majority, as lead investor or co-investor
Most of the operations will be focused on:
Support for companies to pursue profitable growth (international development, acquisition financing),
Capital restructuring, via an Owner Buy-Out
mechanism, in order to offer entrepreneurs an attractive alternative to premature
sales to strategic buyers.
Scale up financing for tech companies not yet profitable but needing a last financing round
to carry out their growth project,
more traditional companies working on digital
“intrapreneurial” initiatives with the potential to create meaningful value.
ISAI Expansion II will rely on
its Parisian and New York teams, which will be significantly strengthened in
the coming months. These teams will continue to federate the 250 or so
entrepreneurs gathered behind ISAI and to provide a high added value support.
Jean-David Chamboredon, Chairman of ISAI, comments: "We are obviously very honored by the confidence of our backers, bothentrepreneurs
and institutional investors. With ISAI Expansion II, we participate in the
emergence in France of the "Tech Private Equity" market which is
already well established in the United States. This is another option for tech entrepreneurs who want to be in it for
the long haul."
Pierre Martini, General
Manager in charge of the Tech Growth / LBO funds, adds: "We have succeeded in demonstrating that our entrepreneurs’ fund
model is legitimate and differentiating in the market. We now have
significantly strengthened resources to support ambitious entrepreneurs in a
demanding yet caring approach and with a true partner DNA."
Launched in 2010, ISAI is the
Tech Entrepreneurs’ Fund and brings together a community of over 250
entrepreneurs around the world.
Nearly 200 successful
entrepreneurs, who have invested in ISAI funds, and more than 50 ISAI-backed start-up
co-founders share the collective ambition of co-writing great entrepreneurial
stories. ISAI invests in differentiated projects ran by ambitious teams that it
selects rigorously and actively supports.
ISAI Gestion, an investment
management company approved by the AMF, with over €300 million under
management, aims to finance and support high potential Tech companies, at the
seed/post-seed stage (venture capital, ticket from € 150k ticket to € 2m with
participations in successive rounds) or when they have already reached the
break-even stage (Tech Growth/LBO, tickets from €5m to €30m).
information on www.isai.fr
- Twitter : @isai_fr
Catherine Kablé / Marie Le Goff
01 44 50 54 75 / 07 87 96 12