Founders Future, a relatively new player in the French venture capital landscape, has swiftly curated an intriguing portfolio of technology startups in recent years. Currently, the firm is in the process of securing capital for two new funds: Founders Future II and Founders Future Expansion.
Founded in 2018 by Marc Menasé, a prominent figure in the French tech ecosystem known for his entrepreneurial endeavors and angel investments, Founders Future has backed approximately 100 diverse companies. Among these are notable names like Lydia, Yuka, 900.care, Memo Bank, Waterdrop, Sharpist, Rentle, Taster, Stockly, omi studio, and Audi-On.
In addition to its investment activities, the venture capital firm has disclosed key performance metrics about its portfolio. Collectively, startups supported by Founders Future have generated $268 million (€250 million) in revenue, successfully raising a combined total of $644 million (€600 million). These portfolio companies currently command a total valuation of $5.4 billion (€5 billion) and employ a workforce of 3,000 individuals.
Founders Future presently manages assets worth $216 million (€200 million) without relying on public funding. Instead, it relies on successful entrepreneurs and family offices who participate as limited partners.
Now, the firm intends to raise up to $162 million (€150 million) through two distinct funds. It has already achieved an initial closing of $80 million (€75 million). Once again, Founders Future aims to support emerging startups at the seed stage, with 60% of the raised funds earmarked for Founders Future II. The remaining 40% will be allocated to Founders Future Expansion, a novel fund dedicated to post-Series A funding rounds for existing portfolio companies.
Founders Future does not limit itself to a particular industry vertical but seeks to identify disruptive ventures across well-established sectors such as retail, banking, insurance, food, real estate, and healthcare. The firm also expresses interest in supporting innovative startups focused on AI, climate, or the circular economy.
Founders Future II plans to invest in 45 to 60 startups, translating to approximately 12 to 15 investments annually. In contrast, Founders Future Expansion will make fewer investments, targeting around 15 to 20 companies throughout the fund’s lifecycle. At the seed stage, the firm intends to provide funding ranging from €250,000 to €3 million, while the later-stage fund will focus on larger investments, ranging from €1 million to €7.5 million.
