There’s a new VC fund in town — at minimum if you stay in Paris. Fulfill Resonance, a new $150 million fund (€150 million) backed 100% by Otium Money.
You might already be acquainted with Otium Money. It is Pierre-Edouard Stérin’s loved ones workplace. Back in 2003, Stérin co-established Smartbox Group, the company behind a lot of well-known working experience gift packing containers. He continue to owns Smartbox Team currently and has a good deal of funds.
With Otium Funds, the spouse and children office environment has a wide investment decision technique from leveraged purchase-outs to true estate — and it has finished pretty a number of startup investments about the years.
Le Dantec was beforehand a Principal at Balderton Cash and labored on bargains with GitGuardian, Kili Engineering, Numeral and Ask for. As for Oudin, he utilized to be a Principal at XAnge and he was associated with investments in Animaj, Vertuoza, Cajoo, Silvr, Be part of Tales and Workmotion.
Resonance will focus on seed and Sequence A investments ranging from €100,000 to €10 million. Even though the crew will be dependent in Paris, Resonance options to invest throughout Europe.
The workforce insists that it does not want to spray and pray. Rather, it’ll concentration on a handful of investments per 12 months so that it can offer the suitable degree of help on different subjects, these types of as important hires and potential fundraising attempts.
That’s the primary benefit with obtaining a one backer. If there are some macro-economic challenges, you really do not have to deploy a whole lot of money each yr mainly because your restricted partners have outlined a brief everyday living cycle for your VC fund.
Resonance isn’t likely to aim on a particular tech vertical. Based mostly on the history of the workforce, it can spend in something from enterprise program to fintech, world-wide-web3, buyer and software program-as-a-service items for SMBs.