Alven Capital closes on €250m

The venture capital firm continues to pursue French tech.

Alven Capital V has held a final close on its hard-cap of €250 million, surpassing its target by 25 percent. The ‘one-and-done’ venture capital fund, which will target the French technology sector, closed after seven months of fundraising.

 New and existing investors contributed to the vehicle, a large proportion of which were European. The European Investment Fund and Caisse des Depots et Consignations were among those that re-upped from the firm’s previous fund.

Alven Capital IV closed on €120 million in March 2013.