Newfund

Overview

Newfund Capital is an early-stage venture capital firm with offices in Paris and San Francisco, investing primarily in startups in France and the United States. It manages approximately $400 million in assets under management, funded mostly by entrepreneurs and family offices, and focuses on sectors including web services, health technology, fintech, neuroscience, mental health, and ESG solutions. The firm emphasizes fast investment decisions, founder support, and cross-border networking, with investments typically ranging from €500,000 to €2 million per company.

History

Newfund was founded in 2008 by entrepreneurs for entrepreneurs, establishing a culture centered on entrepreneurial experience. It became the first early-stage VC firm based in both Paris and Silicon Valley, raising over €400 million by 2025 from entrepreneurs, business leaders, and family offices. Key milestones include launching a dedicated fund for the Nouvelle-Aquitaine Region and Basque Country in 2018 and expanding sectoral focus to neuroscience and mental health since 2021. By 2024, it had invested in 124 startups, with 75 in France and 49 in the United States.

Notable Products

• Aircall - Cloud-based phone services provider.
• FairMoney - Digital banking app with over five million users in Nigeria.
• Datagalaxy - Data knowledge platform supporting data culture within companies.
• In2Bones - Medical device designer and manufacturer.
• Eqinov - Low-carbon energy efficiency services provider, acquired by Acciona Energy in 2022.
• Luckey Homes - Short-term rental concierge service, acquired by Airbnb in 2018.

Reputation

Newfund is recognized among the most significant venture capital funds in France for its founder-friendly approach and rapid term sheet process. Professionals value its cross-border expertise bridging Europe and Silicon Valley, along with support for international-minded entrepreneurs. It has a track record of backing successful exits like Medtech to Zimmer Biomet and Eqinov to Acciona Energy.