VC agency e.ventures is increasing its footprint in Europe with a brand new workplace in Paris, in addition to a brand new Paris-based companion. Jonathan Userovici, who beforehand labored for Idinvest Companions, is becoming a member of e.ventures as companion and head of the Paris workplace.
Initially based within the U.S. 20 years in the past, e.ventures has been increasing to new geographies over the previous few years. It has places of work in San Francisco, Berlin, Beijing, Tokyo, São Paulo and now Paris.
Final yr, the agency raised two new funds — the primary was a $225 million U.S.-focused fund and the second was a $175 million fund based mostly in Berlin and centered on Europe. The Paris workforce will deploy some capital in French startups with a candy spot between €1 million and €10 million.
Over the previous 20 years, e.ventures has dealt with round 200 investments. A number of the most profitable investments embrace funding rounds in Farfetch, Groupon, Sonos and Section.
As for Jonathan Userovici, after 5 years at Idinvest Companions, he has been concerned with some promising French startups. For example, he’s a board member at Swile and Ornikar.
Because of e.ventures’ distributed workforce, the VC agency hopes it might spot good funding alternatives in Europe and assist them scale globally. The agency already has connections within the U.S., which ought to assist French entrepreneurs in terms of signing new offers and worldwide enlargement.