VC agency e.ventures is increasing its footprint in Europe with a brand new workplace in Paris, in addition to a brand new Paris-based accomplice. Jonathan Userovici, who beforehand labored for Idinvest Partners, is becoming a member of e.ventures as accomplice and head of the Paris workplace.
Initially based within the U.S. 20 years in the past, e.ventures has been increasing to new geographies over the previous few years. It has places of work in San Francisco, Berlin, Beijing, Tokyo, São Paulo and now Paris.
Final 12 months, the agency raised two new funds — the primary was a $225 million U.S.-focused fund and the second was a $175 million fund based mostly in Berlin and targeted on Europe. The Paris crew will deploy some capital in French startups with a candy spot between €1 million and €10 million.
Over the previous 20 years, e.ventures has dealt with round 200 investments. A few of the most profitable investments embrace funding rounds in Farfetch, Groupon, Sonos and Phase.
As for Jonathan Userovici, after 5 years at Idinvest Companions, he has been concerned with some promising French startups. As an example, he’s a board member at Swile and Ornikar.
Due to e.ventures’ distributed crew, the VC agency hopes it may spot good funding alternatives in Europe and assist them scale globally. The agency already has connections within the U.S., which ought to assist French entrepreneurs in relation to signing new offers and worldwide enlargement.