ISAI raises €150m

The Paris-based tech investor closes latest fund at three times the size of its previous vehicle.

ISAI has held a final close of ISAI Expansion II at its €150 million hard cap, after just three months of fundraising. The vehicle is three times the size of its predecessor, ISAI Expansion I, which closed at €50 million in September 2013. The new vehicle acquires minority or majority positions in fast-growing digital companies based in France, with ticket sizes between €5 million and €30 million.

ISAI Expansion II received strong support from existing investors, as well as dozens of new institutional investors and entrepreneurs.