C4 Ventures, a French VC agency, declares the launch of its third fund, with a goal fund dimension of €100 million to deal with early-stage investments in AI and DeepTech startups throughout Europe, reinforcing the continent’s skill to create international contenders within the area.
“The AI revolution is larger than any earlier technological shift we’ve seen for the reason that Web,” feedback C4 Ventures Founder & CEO Pascal Cagni. “We’re on the forefront of a large transformation that may redefine industries. With C4 Ventures III , we’re doubling down on this second, backing proficient founders in AI, robotics, quantum computing and past.”
Based in 2014, C4 Ventures is a Enterprise agency led by former Apple and Microsoft executives Pascal Cagni and Eric Boustouller. Furthermore, C4 Ventures attracts on a worldwide community of over 30 working companions from the world’s main tech corporations.
Since inception, C4 Ventures has backed 54 startups of which 12 grew to become unicorns. Its most up-to-date fund stands out for allegedly having delivered liquidity to traders quicker than most of its friends, incomes a top-decile rating inside its classic.
The agency has now seen a full funding cycle, with over 20 exits, 2 IPOs on NYSE (Riskified and By way of) and seven company M&A offers. C4 Ventures II, launched in 2020, already ranks within the prime quartile for worth creation and practically prime decile for liquidity, simply 5 years after inception.
“C4 Ventures was constructed on a imaginative and prescient of Operators backing Entrepreneurs with international ambition and powerful involvement,” says C4 Ventures Co-founder and Managing Director Boris Bakech. “Fund III will prolong this imaginative and prescient into the AI period, combining our working and investing expertise with the dedication of founders to construct Europe’s subsequent champions.”
C4 Ventures’ operates on the assumption that Europe has an unlimited market, the expertise, analysis base, and entrepreneurial drive to compete in AI and DeepTech and construct a sovereign European ecosystem. C4 Ventures believes this shift will drive a serious reallocation of capital towards regional startups and create the situations for Europe to compete in AI over the approaching many years.
They see AI because the defining technological shift of our time, one that may rework each software program functions, the place a lot of the business is concentrated, and Bodily AI (robotics and autonomous programs).
C4 Ventures is acknowledged for its {hardware} experience, with 5 {hardware} unicorns and main portfolio corporations corresponding to NEURA Robotics (cognitive robots), Graphcore (AI processors), Alice & Bob and PsiQuantum (quantum computing), and extra not too long ago Arago (AI semiconductors).
“The success of C4 Ventures II has strengthened our conviction to launch C4 Ventures III to grab the defining technological shift of our time: synthetic intelligence,” concludes C4 Ventures Associate Eric Boustouller. “Expertise’s subsequent chapter is unfolding proper now, in Europe as a lot as wherever else, and we’re dedicated to supporting the founders who will form it.”
