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FEBE Ventures ’ name stand for “ For Entrepreneurs By enterpriser , ” and true to form , it is continuing to support germ - stage startups with the launching of its 2d fund . aim $ 75 million , Fund II is 2.5 sentence larger than FEBE ’s first fund and 90 % has already been invest . As part of the launch , FEBE Ventures also announce a co - investment partnership with Tekton Ventures .
FEBE Ventures was co - founded in 2019 by managing partner Olivier Raussin . So far , FEBE Ventures has back more than 35 company , including Locad , Zenyum , Tindle , Silverbird and Manatal . novel extremity of its leadership squad admit Nicolas El Baze , who was a general partner at Partech and also founded several startup , including Microsoft - acquired Softway Systems ; technical school entrepreneur and holy person investor Aditya Pendyala ; and Tekton Ventures managing pardner Jai Choi .
Fund II ’s mainstay partner is Otium Capital , an international family unit office founded by Pierre - Edouard Stérin , a sequent entrepreneur whose startups include Smartbox Group . Otium Capital , which also backed FEBE Ventures ’ first stock , manages $ 1.4 billion AUM in 100 investments and has consider more than 25 % IRR since it was started .
While FEBE Ventures ’ first fund focused on Southeast Asia , its 2nd fund ’s widely - ranging investing dissertation is pre - source and seed - stage society across dissimilar geography and sectors .
“ We love B2B , but we also love healthcare . We have it off sustainability and climate technical school , ” Raussin tells TechCrunch . “ But we are very people - driven , founder - centrical and father - driven . We always consider that founders know best , so we let them surprise us and we are more than happy to discover Modern manufacture and new paper . ” Its typical check size of it will be around $ 250,000 for pre - seed startup and $ 750,000 for seed - phase company .
FEBE II will still invest a mountain in Southeast Asia , Raussin says , but one of the reasons it ’s need a more planetary attack is because of raw collaborations that inflate its net around the world .
Febe Ventures ’ new partner Tekton Ventures is the San Francisco – based tech investment arm of Partech founder Vincent Worms ’ family spot . Choi contribute its investments in unicorns in different countries , include Coupang , Toss , Merman , Newports , Flutterwave and Signifyd . The partnership will enable FEBE Ventures and Tekton Ventures to deal their networks in Southeast Asia , Silicon Valley , Latin America and Europe and invest in more companies around the world , especially in emerging economies .
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The partnership will see Choi and El Baze take on roles as Venture Partner and Partner , severally , at FEBE Ventures .
All four member of FEBE Ventures ’ leadership squad are former enterpriser who , between them , have launched dozens of company and worked as investors around the world , Raussin says . In backing startups , they look for the variety of services and products they dreamed of when they were starting ship’s company .
That also influences the way they interact with beginner , he adds . “ We attempt to be very candid and unquestionable and ploughshare with a lot of humbleness the mistakes we ’ve done in the past tense in order for them to save fourth dimension . We also have a mindset of building sustainable businesses that get EBITDA and profit in the long run . ”
FEBE Ventures and Tekton Ventures decide to operate together because both have world investment dissertation . “ We are very geographically complementary and that is why we decided to craft these undivided and long - term partnerships to influence together with the atomic number 27 - investment scheme , ” Raussin says . “ We will be sharing our hatful menstruum and co - investing together . ”
In terms of FEBE Ventures ’ collaboration with Otium Capital , Raussin said , “ [ Stérin ] reached $ 1.4 billion starting from scratch , so he is really also an enterpriser . We deal the same human values and the same entrepreneurial mindset , and we join forces well together . ”
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