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Alven Capital says latest fund nearing €120m hard cap

8 Mar 2013

euro8_170sqParis-based venture capital firm Alven Capital has said that it is on the brink of a final close on their fund Alven Capital IV, which is very close to its hard cap of €120m.

The fund has already exceeded its initial target of €100m.

Alven, which has funded 60 and exited 30 businesses since its launch in 2000, currently has €150m under management. It is currently investing from its third fund, the FCPR Alven Capital III.

It normally makes an initial investment of between €1m and €4m and Alven can invest up to €10m over the whole investment period.

Apart from software, the firm also focuses on media, IT and services sectors.

Some of Alven’s recent deals included the exit from its investment in software group EntropySoft, which was sold to Salesforce.com in February, marking the firm’s sixth exit in a year.

In November Alven sold gardening website Plant-and-Jardins.com.

In the same month, Alven participated in a $3.3m funding round for cloud based email platform Mailjet and a €1.6m round for content translation and copywriting business TextMaster.

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