Newfund is a venture capital firm focused on early stage investment in France and the United States. Founded in 2008, it had raised more than 230 million euros as of September 2018,^[1] mostly from entrepreneurs, business leaders, and family offices. It typically invests between €500,000 and €2m per company.^[2] It has repeatedly been listed among the most significant venture capital funds in France.^[3][4][5]

Newfund's geographical scope of investment is in France and the United States, including a dedicated fund in the Nouvelle-Aquitaine Region and the Basque Country initiated in December 2018.^[6] Its sectoral scope has included web-enabled services, health technology, financial technology, and since 2021, neuroscience and mental health.^[7]

Notable companies in which Newfund is an investor include Aircall, a cloud-based phone services provider;^[8] Red Luxury, a Paris-based designer of fashion watches and jewelry;^[9] and FairMoney, a prominent digital bank in Nigeria.^[10][11]

Notable exits have included Medtech, a robotic surgery company that developed the ROSA robot, listed on Euronext Paris from November 2013,^[12] and purchased in July 2016 by Zimmer Biomet;^[13] Luckey Homes, a Paris-based concierge services company, purchased in December 2018 by Airbnb;^[14] Beyond Ratings, an ESMA-registered credit rating agency, purchased in June 2019 by London Stock Exchange Group;^[15][16] Eqinov, an energy efficiency services provider, purchased in February 2022 by Acciona Energy;^[17][18] Tageos, a designer and manufacturer of RFID labels, purchased in March 2022 by Fedrigoni;^[19][20] and In2Bones, a medical device designer and manufacturer, purchased in June 2022 by CONMED Corporation.^[21][22]

François Véron, a former board member of trade body AFIC (Association Française des Investisseurs en Capital, renamed France Invest in January 2018),^[23] created Newfund in 2008.^[24][25][26]

• Iris Capital