Alven announces its sixth generation fund, raising at its hard cap of €350M, exceeding the initial target of €300M

News

Alven raises a new €350M fund for seed and Series A investments to back European entrepreneurs. This is the largest early stage fund raised in France.

Alven VI secured commitments from a wide range of high-quality European, North American and other global institutions, and all investors in the prior fund are reinvesting.

“We pride ourselves in building long term relationships with entrepreneurs, and this also applies to investors in Alven. Not only our existing LPs have continually invested in us, but we’ve also welcomed a number of new investors that want to be part of the French Tech success story” Guillaume Aubin and Charles Letourneur, co-founders of Alven.

We are known for our unicorn investments in companies such as Qonto, Dataiku, Algolia, Stripe or Ankorstore and now have €2B in assets under management. With close to 160 European teams backed across Europe and the US since the firm was founded 22 years ago, we have extensive experience backing and supporting exceptional founders at the earliest stages, writing first cheques of a few 100k€ to 15M€ with substantial reserves for follow on investments. In the meantime, we have realised more than 70 exits, including the more recent sale of Sqreen to Datadog (NASDAQ: DDOG), Cardiologs to Philips (NYSE: PHG) and Frichti to Gorillas.

Supporting the European ecosystem with a more extensive geographical reach

Although Alven was founded in Paris and most of our successes have been French Tech related, we recently opened a London office, with more hires to be announced in both offices across investment and portfolio support teams. A portion of the fund will be deployed across Europe, as well as in European founders in the US in sectors where our firm has built a deep expertise. Over the last few months, we added portfolio companies in France and regions such as the USA, UK, Finland, Sweden, Poland and Switzerland to name a few.

Answering our founders’ most essential need:  building a strong hiring culture

In line with our hands-on philosophy, we support our portfolio companies with our own internal People Operations team, providing founders with advisory, access to proprietary talent pools, local industry benchmarks, content and processes to enable them to execute and scale even faster.

We recently launched Operation3, the first talent program dedicated to identifying and training tomorrow’s best web3 operators as well as a number of initiatives to foster and nurture a pool of female executives to promote diversity within our portfolio executive committees.

Given the very competitive nature of the European talent market, this deeply-rooted positioning has been a key success factor for us and has made Alven a very attractive platform for founders and US VCs to partner with, as evidenced by the high number of co-lead investments with top tier US funds.

Doubling down on the multi-sector specialist approach

With our multi-sector specialist approach where every investor brings specific domain expertise and relationships to the table, Alven will continue to build on its successes in fintech, marketplaces, enterprise software, social & entertainment. However, there will be an emphasis on new growth areas in crypto (Alven recently invested in Kaiko, a market data provider for digital assets), but also other areas in developer and data tooling as well as climate tech, exemplified by the recent investments in Mindee (a document parsing tool for developers), MyTraffic (physical location data analytics), Carbonfact (a carbon footprint API) and Stoik (data-driven cyber insurance).


Share

MadKudu raises €18M Series A to make Data-Science ‘superpowers’ accessible

MadKudu helps businesses leverage their own customer data to make smarter decisions.

Read

Archy, the next Dental Software solution, raises $10 million in funding to-date

Archy is an all-in-one software solution for dental practice owners that aims to address each need of dentists, hence automating business operations and enabling dentists to focus on serving their patients.

Read

Mytraffic raises €30M series B to provide digital intelligence to  brick-and-mortar operators

Mytraffic’s ambition is to bring location analytics to the level of online analytics. This new funding round will support the development of its software and accelerate its growth across Europe.

Read