Founders Future, a Paris-based VC company, is a VC company with managed assets (approximately $324 million at current exchange rates), and has opened capital for the Future's Future funds and the holding company that manages Sowefund. The company sold 25% of its holding company to MACSF, the Dassault family, CMA CGM group and others.
Since 2018, Founders Future has had an interesting track record of early stage bets at Lydia, Alma, Taster, La Fourche, Riot, Swan, Yuka, and many other startups covered by TechCrunch. Overall, the company has invested in 110 companies with two early stage funds and a growth fund.
Founders Future set an ambitious goal in 2030. The company wants to reach 1 billion euro assets under management.
“In a world where there are many personal initiatives in VC companies, there are a lot of super angels, as they have started a lot of solo GPS. “And we wrote the roadmap in 2030. When we were writing this roadmap, we used the opportunity to reopen the capital in a slightly structured way and give it the means to achieve our ambitions.”
This cash influx will allow the founder to expand to the future US, employing teams, opening one on the East Coast and another on the West Coast.
“I made a brief observation. Looking at companies that started in Europe, they eventually discovered a very good product market fit, generating a significant income in their country of origin,” Menace said.
“What happens is when they arrive in the US… they're multiplying ARR two or three times after 36 months of activity in the US. They're far better at raising money from American investors, and in general, at double the valuation of Europe,” he added.
He believes US-based startups will reach a higher rating, especially when it comes to acquisitions by large companies, as there are more exit opportunities.
“So, when you put this all together, we want to be a global company, make sure we have a European arm and one American arm and create a transatlantic bridge,” Menace said. “We're the first to do this for a portfolio company born in Europe, so they're making sure they can expand beyond.”
But founder Future doesn't just open a post-base for business development. It plans to raise a growth fund focused on US investment. The idea here is to help European limited partners invest in American tech companies throughout the future of funders.
Conversely, the company believes it can help American companies expand into Europe. When it comes to navigating the European technology and policy landscape, it is helpful to have a European VC company on the cap table.
“We start with a humble goal. Investment tickets are a growth round of $500,000 to $10 million, or a growth round of at least $50, $60, or $70 million,” Menace said.
Although funding has not yet begun for the fund, Future Future expects to be able to raise up to $250 million. It would not be surprising if MACSF, the Dassault family and the CMA CGM group were to invest in this US-centric growth fund, in addition to the holding company of Future Future.
Image credit: Founder Future
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