The Future of FoundersIt is a Paris-based venture capital firm with assets under management of 300 million euros (about US$324 million in current exchange rates) and is opening up the capital of the company that manages the founder’s future funds and Sowefund. The company has sold 25% of the holding company to MacSF, Dassault family, CMA CGM Group, and more.
Founder Future has had an interesting trail since 2018 and has some early bets Lydia,,,,, Alma,,,,, Tasting,,,,, La Fourche,,,,, riot,,,,, swan,,,,, Yuka And many other startups we report on TechCrunch. Overall, the company has invested in 110 companies in two early stage funds and one growth fund.
The founders set an ambitious goal for 2030 in the future. The company hopes to reach €1 billion of assets under management, which means to raise new funds quickly.
“In a world where you have a lot of personal plans in a venture capital firm, because you have a lot of independent GPS startups, you have a lot of super angels – we are creating a company,” founding partner Marc Menasé told me. “So, we wrote the roadmap for 2030. When we wrote this roadmap, we took advantage of this opportunity to reopen capital in a more structured way to give us the means to achieve our ambitions.”
With the influx of cash, the founders’ future plans expanded to the United States, hiring a team and opening two offices – one on the East Coast and the other on the West Coast.
“I made a simple observation. You looked at companies that were founded in Europe and ended up finding a very good product market fit and generated a considerable revenue in their country of origin,” Menase said.
“What happened is that when they arrived in the U.S. … after 36 months of operating in the U.S., they multiply the ARR by two to three times. Usually, they have a much better ability to raise funds from U.S. investors and are usually twice as high in valuations in Europe.”
He believes that U.S.-based startups get higher valuations because they have more exit opportunities, especially when it comes to large-scale acquisitions.
“So when you put all of this together, we want to be a global company and make sure we have a European arm and an American arm and build a transatlantic bridge,” Menasé said. “We do this first for portfolio companies born in Europe so they can expand there.”
But the founder’s future is not just about opening an outpost for business development. It will raise a growth fund focused on U.S. investment. The idea here is to help its European limited partners invest in U.S. technology companies through funders’ future.
Instead, the company believes it can help U.S. companies expand to Europe. It helps to include European venture capital firms on their hat tables when it comes to European technology and policy landscapes.
“We will start with a humble goal, with investment votes at least $50, $600,000 or $70 million between the growth round of $50 to $10 million,” Menasé said.
The fund has not yet begun raising funds, but the founders hope it will raise as much as $250 million in the future. I wouldn’t be surprised if MacSF, Dassault family and CMA CGM Group also ended up investing in U.S.-centric growth funds.
