Quadrille Technologies III is aiming to raise €100m, with a hard cap at €150m.
The capital for the initial closing came primarily from existing backers including corporate backers and family offices.
LPs include Bpifrance, CNP, Ag2r LA Mondiale, ABN AMRO and Prevoir Group, as well as European family offices.
Quadrille Capital started as Quilvest Ventures, the technology and energy investment arm of Quilvest. In 2012, the management team bought out Quilvest’s majority stake in Quilvest Ventures, which it renamed Quadrille Capital.
The fund will focus on information and communication technologies (ICTs), B2C and internet-based business models, as well as life sciences and energy technologies.
It primarily carries out direct investments in US and European companies, as well as in select technology funds.
With more than €500m under management, Quadrille’s portfolio includes the likes of PriceMinister, Intarcia, Neotract, Appirio, Twitter, Dropbox, Spotify, Etsy and GoPro.
Quadrille founders Jérôme Chevalier and Henri de Perignon, said, “Quadrille Technologies III is a unique European platform to invest in the thoroughly international technology market.
“We appreciate the confidence and support of our investors, which corroborates the singularity of our strategy. Our dual investment structure offers them ideal access to the world’s finest technology-based companies and funds, with which we maintain long-standing relationships.”
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