Home Technology FEBE Ventures launches $75 million second fund

FEBE Ventures launches $75 million second fund

FEBE Ventures launches $75 million second fund


FEBE Ventures’ title stands for “For Entrepreneurs By Entrepreneurs,” and true to type, it’s persevering with to help seed-stage startups with the launch of its second fund. Concentrating on $75 million, Fund II is 2.5 instances bigger than FEBE’s first fund and 90% has already been dedicated. As a part of the launch, FEBE Ventures additionally introduced a co-investment partnership with Tekton Ventures.

FEBE Ventures was co-founded in 2019 by managing accomplice Olivier Raussin. To date, FEBE Ventures has backed greater than 35 firms, together with Locad, Zenyum, Tindle, Silverbird and Manatal. New members of its management workforce embody Nicolas El Baze, who was a basic accomplice at Partech and likewise based a number of startups, together with Microsoft-acquired Softway Programs; tech entrepreneur and angel investor Aditya Pendyala; and Tekton Ventures managing accomplice Jai Choi.

Fund II’s anchor accomplice is Otium Capital, a world household workplace based by Pierre-Edouard Stérin, a serial entrepreneur whose startups embody Smartbox Group. Otium Capital, which additionally backed FEBE Ventures’ first fund, manages $1.4 billion AUM in 100 investments and has seen greater than 25% IRR because it was began.

Whereas FEBE Ventures’ first fund targeted on Southeast Asia, its second fund’s wide-ranging funding thesis is pre-seed and seed-stage firms throughout totally different geographies and sectors.

“We love B2B, however we additionally love healthcare. We love sustainability and local weather tech,” Raussin tells TechCrunch. “However we’re very people-driven, founder-centric and founder-driven. We at all times take into account that founders know greatest, so we allow them to shock us and we’re very happy to find new industries and new themes.” Its typical examine dimension will probably be round $250,000 for pre-seed startups and $750,000 for seed-stage firms.

FEBE II will nonetheless make investments so much in Southeast Asia, Raussin says, however one of many causes it’s taking a extra international method is due to new collaborations that develop its community around the globe.

FEBE Ventures' team standing against a blue wall

FEBE Ventures’ workforce

Febe Ventures’ new accomplice Tekton Ventures is the San Francisco-based tech funding arm of Partech founder Vincent Worms’ household workplace. Choi led its investments in unicorns in numerous international locations, together with Coupang, Toss, Merman, Newports, Flutterwave and Signifyd. The partnership will allow FEBE Ventures and Tekton Ventures to share their networks in Southeast Asia, Silicon Valley, Latin America and Europe and spend money on extra firms around the globe, particularly in rising economies.

The partnership will see Choi and El Baze tackle roles as Enterprise Accomplice and Accomplice, respectively, at FEBE Ventures.

All 4 members of FEBE Ventures’ management workforce are former entrepreneurs who, between them, have launched dozens of firms and labored as traders around the globe, Raussin says. In backing startups, they search for the sort of companies and merchandise they dreamed of after they have been beginning firms.

That additionally influences the best way they work together with founders, he provides. “We attempt to be very candid and genuine and share with plenty of humility the errors we’ve carried out prior to now to ensure that them to avoid wasting time. We even have a mindset of constructing sustainable companies that generate EBITDA and revenue in the long term.”

FEBE Ventures and Tekton Ventures determined to work collectively as a result of each have international funding theses. “We’re very geographically complementary and that’s the reason we determined to craft these unique and long-term partnerships to work along with the co-investment scheme,” Raussin says. “We will probably be sharing our deal move and co-investing collectively.”

When it comes to FEBE Ventures’ collaboration with Otium Capital, Raussin stated, “[Stérin] reached $1.4 billion ranging from scratch, so he’s actually additionally an entrepreneur. We share the identical human values and the identical entrepreneurial mindset, and we collaborate effectively collectively.”


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