Future founders, a Paris -based VC firm with € 300 million in management assets (about $ 324 million in current exchange rates), is opening the capital of the retention company that manages FUNDE FUNDE and SOWEFC. The company has sold a 25% stake in MACSF holding company, Dassault family, CMA CGM Group, and others.
Since 2018, Future founders have had an interesting record with some early stage bets in Lydia, Alma, Taster, La Fourche, Riot, Swan, Yuka, and many other startups we have covered here in Techcrunch. In general, the firm has invested in 110 companies in two early -phase funds and one growth fund.
Future Future has set an ambitious goal for 2030. The firm wants to reach € 1 billion in assets under management, which means raising new funds at a fast pace.
“In a world where you got a lot of personal initiatives in QV firms – because you have a lot of solo GPS starting, you have a lot of super angels – we are creating a company,” founding partner Marc Menasé. “And so we have written our road map for 2030. As we were writing this guide, we seized that opportunity to reopen our capital in a slightly more structured way to give us the means to achieve our ambitions.”
With this cash flow, the future founders plans to expand to the US, hire one team and open two offices – one on the east coast and another on the West Bank.
“I did a simple observation. You look at companies that have started in Europe and that have finally found a very good product market adaptation and generate considerable income in their country of origin,” Menasé said.
“Happens what happens is that when they arrive at the US … they multiply their ARA by two or three times after 36 months operating in the United States. They generally have a much better capacity to raise money from US investors, and with much higher estimates – generally twice as much as in Europe,” he added.
He believes that the beginnings in the US reaches higher ratings because they have more output opportunities, especially when it comes to purchases from larger companies.
“So when you unite all this, we want to become a global company and make sure we have a European wing and an American wing, and create a transatlantic bridge,” Menasé said. “We are doing this first for our portfolio companies that were born in Europe so they can expand there.”
But the future founders do not just want to open a business development mail. It will raise a growth fund focused on US investments. The idea here is to help its limited European partners invest in American technology companies through the future of funding.
In contrast, the firm believes it can help US companies expand to Europe. Having a European VC firm on its lid table can be useful when it comes to navigating the landscape of European technology and policies.
“We will start with humble goals, with investment tickets ranging between $ 5 and $ 10 million in growth rounds at least $ 60, $ 60 or $ 70 million,” Menasé said.
The fundraising has not yet begun for this fund, but the future founders hoped it can raise up to $ 250 million. And I would not be surprised if MacSF, the Dassault family and CMA CGM Group end up investing in this growth fund focused on the US in addition to the Future Future Holding Company.
