Back for round six, Paris-based early-stage backer Alven has announced an oversubscribed €350 million fund. While most of Alven’s successes have been French Tech related, in tandem with a recently opened London office, the new fund will see the firm activating a pan-European, investment approach, issuing tickets anywhere between €100,000 up to €15 million.
The firm remains committed to investments in the fintech, marketplaces, enterprise software, social, and entertainment sectors, but is also widening the net to include crypto, developer and data tools, and climate tech. Through this new fund, Alven now counts over €2 billion in assets under management.
“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,” commented Guillaume Aubin and Charles Letourneur, co-founders of Alven.
In addition to the traditional complementary value-add that most startup founders are seeking, Alven’s wider geographic investment thesis is demonstrated through recent portfolio additions hailing from the UK, Finland, Sweden, Poland, and Switzerland.
Not one to shy was from nascent technologies, Alven has launched Operation3, a talent scouting programme designed to identify and train promising web3 operators.
The sixth iteration of Alven is supported by a number of undisclosed European, North American, and other global institutional investors with all investors in the prior fund returning to the table.