Gaia Capital Partners raises €100m

The Paris-based growth investor holds interim close for debut tech fund.

Gaia Capital Partners has held a second close of its debut fund, Gaia Growth Fund I, at €100 million. The fund has a target size of €200 million, which the firm expects to reach in the summer of 2020. Gaia is focused on providing capital to long-lasting and sustainable European companies with sales between €5 million and €10 million. The firm plans to invest €10 million to €20 million per deal.

The fund is backed by individual investors and family offices, as well as BPI France, Assicurazioni Generali and Sycomore Asset Management.