Entourage closes €100 million second fund for early-stage investments
AI · First reported 29 Oct, 07:00 · Updated 05:06
European venture firm Entourage says its second fund closed at €100 million, above its initial €75 million target. It plans to invest in about 25 pre-seed and seed companies, broadening its focus from software to areas including AI, robotics and deep tech. (415176c8-2cfe-4fe7-bbf5-0eeabd8b3157; 3b395992-9db4-4ab8-8cab-0b447464b617)
- Fund II closed at €100 million after exceeding its €75 million initial target; the firm plans to back about 25 companies at pre-seed and seed stages. (415176c8-2cfe-4fe7-bbf5-0eeabd8b3157; 3b395992-9db4-4ab8-8cab-0b447464b617)
- Planned initial investments range from €1 million to €5 million, with additional funding available for later rounds. (415176c8-2cfe-4fe7-bbf5-0eeabd8b3157; 3b395992-9db4-4ab8-8cab-0b447464b617)
- The fund expands beyond the first fund’s software focus to include AI, enterprise software, robotics, physical AI and deep tech. (415176c8-2cfe-4fe7-bbf5-0eeabd8b3157; 3b395992-9db4-4ab8-8cab-0b447464b617)
Summary written by Lux AI from 2 articles
Key facts
- Fund size
- €100 million
- Initial target
- €75 million
- Planned portfolio
- About 25 pre-seed and seed companies
- Initial investment range
- €1 million to €5 million
- Founder
- Pieterjan Bouten
- Additional locations
- London office and a presence in Paris
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