French VC firm Founders Future plans US expansion

Founders Future, a Paris-based VC firm with €300 million in assets under management (around $324 million at current exchange rates), is opening up the capital of the holding company that manages Founders Future’s funds and Sowefund. The company has sold a 25% stake in the holding company to MACSF, the Dassault family, CMA CGM Group and others. Since 2018, Founders Future has had an interesting track record with some early-stage bets in Lydia, Alma, Taster, La Fourche, Riot, Swan, Yuka and many other startups we’ve covered here at TechCrunch. Overall, the firm has invested in 110 companies across two early-stage funds and a growth fund. Founders Future has set an ambitious goal for 2030. The firm wants to reach €1 billion in assets under management, which means raising new funds at a rapid pace. “In a world where you’ve got a lot of personal initiatives in VC firms — because you’ve got a lot of solo GPs starting up, you’ve got a lot of super angels — we’re creating a company,” foundi ... Read full article.