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Laxman Pai, Opalesque Asia: French investment group Eurazeo announced having exceeded its initial fundraising target for its growth strategy dedicated to equity investments in leading European tech companies.
The Paris-based private equity and VC firm said in a press release that the total funding raised is more than €1.6 billion ($1.9bn), of which €320 million from the Eurazeo Group and €200 million from retail clients. It surpassed its €1bn target.
"These successful transactions reflect the quality of Eurazeo's team, the performance of its portfolio, and the level of investor interest in its Growth Strategy, currently one of the most active and best-known strategies of its kind in Europe," it said.
The strategy was initiated in 2014 and aims to support leading tech companies in the fields of B2B SaaS, digital health, cybersecurity, infrastructure software, fintech, and marketplaces, the release added.
Yann du Rusquec, Partner Growth at Eurazeo, said, "We are delighted by the trust that our investors have shown in us. With their support, we will pursue and step up our strategy of supporting European tech champions. We will bring to these companies the expertise and energy of Eurazeo's dedicated team and the strength of our international network."
Eurazeo is an investment group with a portfolio of €22.7B in assets under management, including €16B from third parties, invested across 450 companies. The firm backs startups at any stage in the sectors including...................... To view our full article Click here
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