Founders of the futureParis company VC from EUR 300 million in managed assets (about USD 324 million at current exchange rates), opens the capital of a holding company, which manages Futures Future and Future funds Owlfund. The company has sold 25% of shares in the MacSF, Dassault Family, CMA CGM Group and others.
Since 2018, Founders Future has interesting achievements with some plants at an early stage in Lydia, Alma, Taster, La Fourche, Riot, Swan, Yuka and many other startups that we discussed in TechCrunch. In general, the company has invested in 110 corporations in two funds at an early stage and the growth fund.
The Founders Future set an ambitious goal for 2030. The company wants to achieve EUR 1 billion in managed assets, which implies collecting recent funds at a fast pace.
“In a world where you have many personal initiatives in VC companies – because you have a lot of GPS solo, you have a lot of Super Angels – we create a company,” the founder of Marc Menasé told me. “And so we wrote our road map for 2030. We wrote this road map, we took this opportunity to re -open our capital in a slightly more ordered way to give us funds to achieve our ambitions.”
Thanks to this flow of money, Future founders plan to expand to the USA, hire a team and open two offices – one on the east coast and the other on the west coast.
“I made a simple observation. You look at companies that are founded in Europe and which eventually found a very good matching of the product market and generated significant revenues in their country of origin,” said Menasé.
“It happens that when they come to the US … ARR multiply for two or three times after 36 months operating in the United States. In general, they have a much better ability to collect money than American investors and with much higher valuations – generally twice as much as in Europe,” he added.
He believes that US -based startups achieve higher valuations because they have more exit opportunities, especially when it comes to taking on larger corporations.
“So when you put it all, we want to become a global company and make sure we have one European arm and one American arm, and create a transatlantic bridge,” said Menasé. “We do it first for our portfolio companies that were born in Europe so that they could expand there.”
But Future founders do not only want to open business development facilities. This will abolish the growth fund focused on American investments. The idea is to help their European limited partners invest in American technology corporations via the founders Future.
And vice versa, the company believes that it might probably help American corporations develop to Europe. Having a European company VC on the CAP table may be helpful when it comes to navigating the European landscape of technology and politics.
“We will start with modest goals, and investment tickets are between $ 5 to $ 10 million, at least 50, 60 USD or $ 70 million will increase,” said Menasé.
Collecting funds has not yet begun for this fund, but Future Hopes founders can raise up to $ 250 million. And I’d not be surprised if Macsf, Dassault Family and CMA CGM GROUP ended in investing in this US -oriented Growth Fund, in addition to the holding company Future founders.