As the venture capital market tightens, investment fund XAnge announces it has raised €220 million for its new investment vehicle (called XAnge 4). Specializing in seeds, it doubles its investment capacity compared to its previous fund. “We want to be in the top three European investment funds specializing in seed and early stages”explains Cyril Bertrand, partner at XAnge.
This new fund should enable it to accelerate its development in other European countries, starting with Germany. The company has great success, with six unicorns (these companies are valued at more than one billion dollars) among the 70 companies it supports, in particular, the neobank Lydia, Ledger (supporting cryptocurrencies) or Raisin (German fintech). Among his recent investments, French cryptocurrency investment platform Coinhouse or Request Finance…
Source: Le Figaro
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