Innovacom Reaps €50M

PARIS -- Innovacom, one of Europe’s leading early stage telecom and information technology venture capital firms, has completed a first closing of over 50 million euros on its new fund, Innovacom 5.

Investors participating in the first closing of Innovacom 5 include Access Capital Partners, AGF Private Equity, CIC Finance, the European Investment Fund, the FPCR (Caisse des Dépots Group), and France Telecom, along with a select group of executives and leaders in the technology industry. A subsequent closing is expected to bring Innovacom 5 to its target size of 100 million euros.

Innovacom 5 will invest in the same core sectors as the previous Innovacom funds (Innovacom 1, 2, 3, 4 and Technocom): Materials & Components, Telecom Hardware, Telecom Software, Enterprise Software, and Services & Content. Innovacom 5’s distribution of investments is expected to be 75% in Europe, and 25% in North America.

“We have convinced prestigious investors from France, as well as from England, Germany, and Denmark, reinforcing our position among the leading venture capital firms in Europe. The Innovacom team will be focused on the key sectors and geographies that have sustained our track record over the past 15 years,” said Denis Champenois, general partner and chairman of the board of Innovacom. “We will continue to take a long term approach in helping our entrepreneurs build great companies.”

Innovacom’s investment approach has resulted in over 75 successful M&A transactions and over 20 successful IPOs, including Micronas, Soitec, and Highwave (materials & components); Algety, Bintec, and Com1 (telecom hardware); Netbricks, Four11, and Coheris (telecom software); Apsylog, Tumbleweed, and SLP (enterprise software); Alapage, Integra, and Sandpiper Networks (services & content).

Innovacom