Published On: Thu, Jun 4th, 2020

C4 Ventures raises $88M account for post-Series A startups, in a post-COVID-19 world

C4 Ventures, a Paris-based VC, has lifted a new €80 million ($88 million) “Fund II.” The account was founded by Pascal Cagni, a former Europe trainer of Apple, and includes co-founder Raph Crouan, another Apple alumni formerly with Startupbootcamp and now boss of La FrenchTech. C4 is designed to be a “post-Series A” account and routinely invests around €3-4 million.

The new account is described as a “boutique” VC that will concentration on tech that will flower in a “post-COVID” world. Recruited by a late Steve Jobs, Cagni started a account within months of withdrawal Apple, though a organisation didn’t turn poignant until 2014. Outside of business, Cagni is an “ally” to President Emmanuel Macron and has worked on several initiatives to boost France’s record and entrepreneurship sectors.

Cagni, who was conduct of Apple in Europe from 2000 to 2012, said: “Having witnessed first-hand technology’s singular energy to expostulate real-time behavioral change, we trust that, nonetheless COVID-19 is going to move about an mercantile slowdown, it is also going to be a tact belligerent for creation and change by disruptive tech,” pronounced Pascal Cagni. “We felt assured that we should, as planned, lift and muster collateral during this period.”

Fund II has a good conduct start, carrying invested in 7 companies that will be means to adjust to a post-COVID world, including:

  • Zoov, a French electric bike-sharing platform.
  • DriveNets, a program association bettering a cloud indication to networking, permitting consumer use providers to scale adult for reduce costs.
  • Trouva, a European online homeware marketplace assisting eccentric internal shops scale their offers online.

C4 has formerly invested in Nest, a intelligent thermostat association acquired by Google for $3.2 billion, and Graphcore, an AI chip startup now valued during over $2 billion. But it also put money into Anki, a consumer robotics association that went bust final year after lifting around $200 million.

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