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FEBE Ventures unveils $75M second fund
FEBE Ventures, an enterprise established "For Entrepreneurs By Entrepreneurs", has announced the launch of its second funding initiative. With a target of $75M, this fund is 2.5 times larger than its first, and already 90% of it has been committed.
Background: FEBE Ventures, co-founded by Managing Partner Olivier Raussin in 2019, supports startups at the seed stage. More than 35 companies, including Locad, Zenyum, Tindle, Silverbird, and Manatal, have been backed by FEBE Ventures to date.
Leadership Expansion: Its leadership team has been expanded with the addition of Nicolas El Baze, formerly a general partner at Partech; Aditya Pendyala, a tech entrepreneur and angel investor; and Jai Choi, Tekton Ventures managing partner.
Fund II's Anchor Partner: Otium Capital, an international family office founded by serial entrepreneur Pierre-Edouard Stérin, is the anchor partner for Fund II. Otium Capital also backed FEBE Ventures' first fund, managing $1.4B AUM in 100 investments and generating over 25% IRR to date.
Investment Focus: FEBE Ventures Fund II will focus on pre-seed and seed-stage companies in various sectors globally. Typical investments will be around $250,000 for pre-seed startups and $750,000 for seed-stage companies.
New Global Approach: New collaborations have expanded FEBE Ventures' network globally, fostering a more global approach. Tekton Ventures, FEBE's new partner, is the San Francisco-based tech investment arm of Partech founder Vincent Worms' family office.
Global Investment Thesis: Both FEBE and Tekton Ventures share a global investment thesis. The partnership will allow them to tap into each other's networks in Southeast Asia, Silicon Valley, Latin America, and Europe, enabling investments in more companies worldwide, especially in emerging economies.
FEBE Ventures leadership team comprises former entrepreneurs who have launched dozens of companies and worked as investors around the world. They seek to back startups offering services and products they wished existed when they launched their own companies.