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It ’s not every day that a young VC business firm come out of stealth . This clip , Varsityis announcing its first investment company . ground by a former Société Générale executive and two VC investors who worked at Serena Capital , Varsity has already raised € 70 million ( $ 75 million at today ’s rally rate ) to back early - degree startups across several vertical .
This is just a first close , as Varsity hopes it ’ll be capable to raise as much as € 150 million ( $ 161 million ) for Varsity I. Overall , the fast plans to invest in more or less 30 startups in Europe . Some of Varsity ’s limited partners let in Gallic public bank Bpifrance , MACSF , Sogecap and Elevation Capital Partners ( with the creation of a feeder fund ) .
It entail that Varsity plans to put anything between € 1 million and € 5 million , bet on the investment opportunity with the selection to endue in follow - on investiture — first team has already invested € 15 million in five companies . While the team does n’t have a specific vertical in intellect , it says that it plans to invest in finance , wellness , enterprise computer software and climate startup .
The three base members are Didier Valet , the former deputy CEO at Société Générale , as well as Kamel Zeroual and Florent Thomas , who expend some time work for Serena Capital .
Florent Thomas ( pictured veracious ) also createdTalentLetterback in 2018 . It ’s an email newssheet for tech startup looking for potential hires . Every week , TalentLetter sends two profile that have been selected because they can have a mellow impact at a fast - growing inauguration . Along withMarie Brayer , they also created Karma Driven , an invite - only job dining table .
As for Kamel Zeroual ( pictured left ) , he created theStartup Mafiapodcast , interviewing several executives working for a handful of successful tech startup . During the first season , he interviewed Swile executive . He wobble his focus to Alan and Checkout.com for seasons two and three .
Both already know quite a few people in the startup ecosystem . So it ’s going to be interesting to see how the Varsity team plans to leverage these platforms to identify interesting investiture chance and check that they execute well at later stages .
