sloganA relatively new European VC company, based in Paris, announces the final closure of its first fund. After eighteen months of the first closure, the slogan team managed to secure a total of 80 million euros (about 85 million dollars at current exchange rates).
This is not a small achievement in the current financing environment. According to ATOMico’s latest European technology report, in 2024, adventure financing decreased for the third year in a row. One of the main reasons for this is that the acquisitions and subscriptions are not actually happening.
As a result, VC is like a less attractive investment category than it was in the past. Many VC companies are struggling to raise funds despite the current mutation of artificial intelligence, which can represent a huge investment opportunity.
But this did not prevent the logo from reaching the maximum steel – the maximum amount that was originally appointed to raise it. Founded by Bénédicte de raphélis Soissan and Guillaume Durao, the duo has already made some interesting investments such as business angels before creating a logo. Invest in the encryption trading card game plantingBeginning of pets insurance DAALAnd the cultivated meat company ChromaryFor example, but not limited to.
They wanted to go one step forward with the appropriate VC company, which is for Emblem, a seed investment company that wants to make 25 to 30 investments with its initial fund. Ideally, they prefer to drive or joint seed tours with tickets ranging from 500,000 euros to 3 million euros. But the company is ready to follow another leadership investor if there is a good opportunity as well.
Emblem has already invested in 16 emerging companies since its first closure in March 2023. Techcrunch has covered a few of them. Examples include:
- Pivot, Coupa Purchase and Competence.
- The first mobile phone companyApp Mobile App B2B Fudo and other consumer applications studio.
- Altrove, a new material company that uses AI and Automation Lab to accelerate the search.
- Volta, an online trade platform like Shopify, but it focused exclusively on B2B transactions.
It is a variety of wallets when it comes to the field of focus, but also geographical focus. We have made 16 investments. To give you an idea, there are eight of them in France, six in the northern European – Denmark, Sweden – then we made one in the United States and one in Italy, ”said De Rafeelis Sokanch.
The main focus of the logo on France and the ecosystem of the North Technology remains. It has more than 200 limited partners who invested in the first box, including family offices and businessmen in the field of technology, such as the UNITY, Pleo, Qonto, 3Shape, Evendesk, Voodoo, Pennylane, JobandTalent, Ledger and Zendesk. It compensates for more than half of the total amount.
The rest were collected from several funds of funds, as well as the obligations from both EIFO (Danish Sovereignty Fund) and BPIFRANCE (French Sovereignty Fund). The logo is already thinking of its next box, which should be almost the same size as this size.
“We now have some time when we will not need to be uploaded. So we will taste it. De Ravilis Swisser said:“ You never want to be out of the market. ”So, since it takes four years to spread it, and we are almost midway, this is this It means that within a year, we will have to start again. “
