Hip to fund Square: 360 Capital Partners kickstarts new €35 million seed fund for European startups

Paris, France-based seed investment firm 360 Capital Partners has raised €35 million for its sixth fund - dubbed '360 Square' - to invest in tech startups, the latest European VC in a flurry of similar announcements over the past few months.

360 Capital, which invests between €300,000 and €1 million per ticket, just yesterday announced an investment in Lille-based camera maker Giroptic. The firm says it will disclose more investments in early 2016.

In total, 360 Capital now has €300 million under management. Its investors include French financial services providers like Bpifrance, MAIF and Société Générale, alongside Groupe Rocher and Thuasne, as well as a number of unnamed business angels from Europe and the United States.

“‘360 Square’ aims at growing young businesses from seed stage onwards in France and across Europe,” says Paul Degueuse, a general partner who will lead the new fund's investments.

“Seed investment requires a local expertise, and it’s essential to have a presence on the grounds. With this new fund, 360 Capital Partners is allocating additional resources to very early stage startups and adapting our offering, our responsiveness, and our investment terms to the needs and requirements of a new generation of budding entrepreneurs,” he added.

Notable past investments of the firm, which has been around for almost 20 years, include Yoox, Withings, Seedcamp, Leetchi and Windeln.de.

Also read:

Speedinvest closes $100 million second fund, discloses its first pan-European investments

Berlin’s Paua Ventures announces first fund close of $45 million to invest in pan-European startups

Swiss-German VC firm b-to-v Partners joins the fundraising craze with a €100 million+ thirdfund

Lakestar announce Lakestar II, a new €350 million fund focused on early-stage investments in Europe

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