Enterprise capital agency e.ventures is increasing its presence in Europe with a brand new workplace in Paris, in addition to a brand new associate primarily based in Paris. Jonathan Userovici, who beforehand labored for Idinvest Companions, joins e.ventures as a associate and director of the Paris workplace.
Initially based within the US 20 years in the past, e.ventures has expanded into new geographies lately. It has places of work in San Francisco, Berlin, Beijing, Tokyo, São Paulo and now Paris.
Final yr, the agency raised two new funds: the primary was a $ 225 million fund targeted on the US and the second was a $ 175 million fund primarily based in Berlin and targeted on Europe. The Paris staff will deploy some capital into French startups with a candy spot between € 1 million and € 10 million.
Over the previous twenty years, e.ventures has dealt with round 200 investments. A number of the most profitable investments embrace financing rounds at Farfetch, Groupon, Sonos, and Phase.
As for Jonathan Userovici, after 5 years at Idinvest Companions, he has been concerned with some promising French startups. For instance, he’s a member of the board of Swile and Ornikar.
Due to the distributed staff at e.ventures, the enterprise capital agency hopes to have the ability to spot good funding alternatives in Europe and assist them scale globally. The agency already has connections in the US, which ought to assist French entrepreneurs relating to signing new agreements and worldwide growth.