Elaia has closed its largest fund to date at €200 million. The Elaia DV4 Fund will be focused on backing early-stage tech-based B2B startups, boosting the digital economy.
In times of relative market pessimism, it’s exciting when new funds come to the fore. It’s uplifting when commitments are made to boost the startup ecosystem and promote Europe’s entrepreneurial spirit.
Elaia, an investment firm focused on digital and deep tech startups, has just announced the final close of its latest fund – and it is its biggest one yet, sitting at €200 million.
Pauline Roux & Marc Rougier, Partners: “We are very proud to have achieved this final closing of our latest Elaia DV4 fund, the largest one in Elaia’s history, especially in a challenging environment. This fund will help us continue to expand our reach – both geographically with our increased presence in Israel & Spain and continue to cover a large spectrum of investment stages from Pre-Seed to Series B. This expansion will help us do what we do best: continue backing ambitious European tech founders across all steps of early stage, and help them scale at a global level.”
The firm’s fourth-generation fund within the Digital Venture team will focus on backing the digital economy. It aims to invest in 25-30 European companies with tickets ranging from €1 million to €15 million between the pre-seed and Series B stages. It’s targeting growth sectors such as Cybersecurity, Cloud Infrastructure, Digital Life Sciences, Fintech/Insurtech or Digital Transformation.
So far, it’s already made 15 investments and hit the ground running. Startups receiving backing include HarfangLab, Seyna, Lynxcare, SESAMm, Djust and NANO Corp.
The DV4 Fund has secured backing from BNP Paribas, Bpifrance, BRED Banque Populaire, CNP Assurances, EIF, MGEN, SWEN Capital Partners alongside multiple family offices.
Xavier Lazarus, Managing Partner: “We’re proud to have our investors’ renewed trust in this 4th generation fund, testifying to our 20-year experience on the market. Our thesis of investing in B2B tech-intensive companies is a crisis-proof bet and therefore, reassuring in the current context. Brought together, this means we will continue to back future tech champions built from Europe.”
Backing early-stage startups is a way to reaffirm the grassroots of Europe’s startup ecosystem, a way to show commitment to innovation, and impact the future. It’ll be interesting to see where the next investments go, and how far Elaia is able to support these startups’ growth journeys.
