11 May 2020
InfraVia Capital Partners announces the first closing of InfraVia Growth Fund at €270 million
A new leading European Growth Equity fund dedicated to BtoB tech companies bolstering the digitalization of the economy.
InfraVia Capital Partners (“InfraVia”), the independent private equity firm specialized in infrastructure and technology investments, announces the first closing of its Growth Equity Fund (“InfraVia Growth Fund”, “the Fund”) dedicated to BtoB tech companies, with €270 million collected amongst a diversified pool of top investors, 6 months after the constitution of its dedicated Growth team.
“This milestone confirms InfraVia’s rooting within the European tech scene and its ambition to achieve a total size of €500 million by the end of the year” comments Vincent Levita, InfraVia’s Founder and CEO.
For this first closing, InfraVia received the support of more than 15 investors, broken down between existing clients and new investors across French insurers, family offices and successful entrepreneurs, including Iliad’s founder and owner Xavier Niel, who commented: “InfraVia and Iliad are already partners on the telecom infrastructure side through our IFT joint venture. I am very happy to invest personally in InfraVia Growth Fund to help European scale-ups become global leaders”. Bpifrance, the French agency for innovation and public bank dedicated to supporting entrepreneurs, is an anchor investor of this first closing, investing from its balance sheet and also on behalf of the French State through the Programme d’investissements d’avenir (PIA), as well as on behalf of institutional investors (CNP Assurances, ERAFP, BNP Paribas Cardif, Caisse des Dépots…) through the Growth Fund of Fund.
InfraVia Growth Fund’s specific ambition is to “support BtoB European tech companies who improve corporates’ efficiency across all their functions through modern and scalable digital solutions, so that they become leaders in their markets” explains Alban Wyniecki, Partner at InfraVia. The Fund plans to make single investments of €10 million to €50 million in established tech companies with a proven technology and commercial traction to help them bridge the funding gap between venture capital and Buy-Out stages.
“The Covid-19 crisis is likely to accelerate the digitalization initiatives of corporates. Adopting scale-ups’ solutions that have proved their effectiveness and robustness is no longer an option for them, irrespective of their sectors”, adds Guillaume Santamaria, Partner at InfraVia.
To fulfill its ambition in Growth Equity, InfraVia is reinforcing its team by welcoming three additional seasoned professionals. Nicolas Herschtel, who was Deputy Managing Director of Bpifrance’s Growth Equity practice, will be joining the team as Partner, bringing 15 years of investment experience. “I am very excited to join InfraVia to keep supporting and backing tomorrow’s European tech leaders in a platform that offers the full toolset required to succeed in the current environment”, declares Nicolas Herschtel.
Raphael Pouteau, previously Partner at Apparius Corporate Finance, joins the team as Investment Director and Julie Lewkowicz, formerly associate at DN Capital, as Investment Manager.
François Auque, Partner at InfraVia, adds:
“The team will leverage its network composed of experienced entrepreneurs and experts to bring unmatched insights to our portfolio companies. Our core team with diverse backgrounds in Growth Equity investments, software, industry, M&A and technology reflects our commitment to providing more than just capital”.