INTERNATIONAL: EURAZEO LAUNCHES ITS SMART CITY II VENTURE FUND TO HELP CITIES ACCELERATE THEIR TRANSITION.
After the success of its Smart City I Venture fund, Eurazeo has announced the initial closing of its Smart City II Venture fund at €80 million to invest in the most promising energy, mobility, proptech and logistics start-up worldwide.
This first round of fundraising has brought together top-tier investors including longstanding partners of Smart City II Venture Fund as well as new partners in Europe and Asia: French, German and Asian groups (carmaker Stellantis, electric utilities EDF and Mainova, public transportation operator RATP, energy major Total, logistics champion Duisport and Thaï real estate developer Sansiri), institutional investorsas PRO BTP and family offices.
The success of this round of fundraising reflects the strategy adopted by the Smart City Venture team which, through its Smart City I Venture Fund, has already made nearly 25 investments spanning not only Europe but also thanks to the Group’s international presence, Asia and North America. Mostof these portfolio investments have already demonstrated their international growth potential.This is the case, for example, for the Spanish last-mile logistics specialist Glovo, the American leader in charging networks for electric vehicles,Volta Charging, and the Chinese pioneer of autonomous mobility, Weride.
The Smart City Venture team invests into innovative digital companies which are supporting rapid transformation of cities for the benefit of their residents: work from home, shared mobility, electric mobility, food delivery and the renewable energy transition. The public health crisis has massively accelerated and amplified these changes in all major cities. Positioned at the intersection of digital technologies and the renewable energy transition, Eurazeo Smart City II is one of Europe’s most prominent funds supporting progress in energy, mobility, proptech, logistics and Industry 4.0 –all core components of a green recovery.
Matthieu Bonamy, Partner at IdinvestPartners, a subsidiary of Eurazeo, shares: “We are proud of the trust given by our investors. The Smart City Venture strategyaims to select and support the future global leaders in each of their sectorsthanks to an expertisein ourinvestments themes and a selectivity rate at the level of the best generalist funds. The fund benefit is also extra-financial as we support entrepreneurs who take decisive action to reduce carbon emissions and enable the development of more inclusive and resilient cities. This is crucial today as cities consume 78% of the world’s energy and produce more than 60% of the world’s greenhouse gases.»
• Eurazeo is a leading global investment company, with a diversified portfolio of €18.8billion in assets under management, including €13.3billion from third parties, invested in over 430 companies. With its considerable private equity, real estateandprivate debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
• Eurazeo has officesin Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
•Eurazeo is listed onEuronext Paris.
• ISIN : FR0000121121 -Bloomberg : RF FP -Reuters : EURA.PA
Nuevos informes y series de datos: El Capital riesgo Informal en España 2020 / Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa
Otros informes destacados: Madurez del Venture Capital en España. (English version)/ Financiación de startups de Energía en España / El tiempo de las desinversiones en Private Equity en España (English version)