The Truth: (Young) French VCs ARE on Twitter

In an earlier post, I applauded the French VCs that I found on Twitter. Turns out a majority of the French VC adoption of Twitter  is from the younger VC crowd. I’ve included them in my FrenchVC list on Twitter but here is a quick look at who they are.

Serena Capital

Has funded companies like Creads.org (@creads), Augure (@augurerepmgmt) and RSI Vidéo Technologies (@notontwitter). 

Young VCs from their firm on Twitter include: Marine Desbans (@mdesbans) and Jean-Baptiste Dumont (@jbdumont)

Ventech (@ventech_vc)

Ventech has a gorgeous portfolio and includes companies like Viadeo (@viadeo), Bonitasoft (@bonitasoft) and Awdio (@awdio_usa).

The just launched their official Twitter account last week – the same time as they announced their investment in London-based Muzicall (@muzicall).

Their young VC: Mounia Rkha (@moumsinette)

Alven Capital

Another VC firm with a very impressive portfolio, including MyFab (@myfabfr), Companeo (@companeo), MobileTag (@mobiletag) and more.

Their young VC on Twitter is: Jeremy Uzan (@jeremyuzan) 

Elaia Partners (@Elaia_Partners)

The only other firm with an official account, as far as I know. Another very nice portfolio, with investments in Criteo (@criteo), Goojet (@goojet) and WyPlay (@Wyplay). 

The account is run by their young VC, Samantha Jérusalmy.

**Feel free to let me know if I’ve left anyone out.

Why am I applauding these guys?

I think they’re definitely leading the way in terms of new technology adoption and are changing the face of the stereotypical, traditional VC. Also, as many of the new media-related products are oriented towards a younger crowd, having a younger VC on the team works nicely as they can also play the role of a beta tester. It’s nice to see that French VC firms are not only realizing the benefit, but actually implementing a mélange of the age-range.

Who is still MIA?

If I’m not mistaken, most of the bigger more well-known French VC firms are still nowhere to be seen! Sofinnova, Innovacom, Partech and the likes…

The Truth: French VCs ARE on Twitter

One of my first posts was called “France, Meet Twitter” where I happened to very slightly criticize French VCs for their absence on Twitter.

Well, I take it back.

I discovered some very high-profile French VCs on Twitter, namely Guillaume Lautour (@G_Lautour) of AGF Private Equity. Even though I haven’t come across the Twitter accounts of anyone from Partech International, Sofinnova or Innovacom, it’s nice to see that there are French VCs making the move. Still, after the Founder’s Club event I went to on January 26th, only 2 of the 7 VCs I met had Twitter accounts (either personal accounts or accounts for their firm).

But wait, there is another pleasant surprise: the young VC.

Now here is where I get really impressed. There seems to be a younger generation of VCs in France and this generation is definitely active on Twitter. I’ve stumbled on youngsters from 360 Capital Partners, Alven Capital and Ventech for the moment, and I’m sure there are more to come.

So we can trash 2 stereotypes.

First, of the French financial services sector being over hierarchical and second, of there being no French VCs on Twitter.

Check out my French VCs list on Twitter and feel free to make suggestions for VCs to include.

French start-ups that got VC funding in January 2010

I think the VC community in France had a promising start for 2010. The month of January included the launch of the Paris Founder’s Club and tech innovation cluster System@tic launched its investment club with 17 VC firms.

In addition,  quite a few start-ups got funding, including (and obviously not limited to):

eYeka (@eyekafr)

 This company likes to call itself the “leader in consumer engagement”, which translates to leveraging user-generated content to advertise for large brands. Their clients include big names like Coca-Cola, Nike, FootLocker and they have offices in the UK, France and Singapore. They scored €3 million from I-Source and their original investors (which include Ventech :p). More info on the round of funding can be found here.

Spartoo (@i_love_spartoo)

The “French Zappos” – and European leader in internet footware sales – got €12 million from Highland Capital Partners, Endeavor Vision and their former investors. The company, funded by 3 youngsters, gets over 4 million monthly uniques.

More info on their series B and their quest to be the next Tony Hsieh can be found here.  

IJENKO (@Ijenko)

If anyone’s familiar with Silicon Valley-based iControl, you can almost think of IJENKO as a eco-version. The company was founded in 2008 and is finally out of beta. Their platform helps individuals be more eco-friendly at home, by allowing them to keep track of their energy consumption while at home and away.

The company scored €2 million from I-Source, Direct Energie and Bouygues Telecom Initiatives. You can find more details in French here.

A Few Noteworthy French Music Start-ups

Midem (@midemnetblog) – the music industry’s largest international event – is taking place in Cannes, France from January 24-27.  So, why not take a look at some rather interesting French music startups…

MXP4 (@theremixculture)

The company has created an interactive music platform – which lets listeners personalize and mix their favorite tracks – with €6.5 million raised to date from Sofinnova and Ventech. CEO Albin Serviant (@albinserviant), who is also EVP and GM for Vivendi Mobile Entertainment, spoke at Midem last Wednesday about business models for music applications. Details on what he discussed can be found here.

Awdio (@awdio_usa)

A Webradio network lets users stream music live from clubs and venues around the world. The company was founded in 2007 by Vittorio Strigari (@awdiovitto) and has raised €1.5 with Ventech since 2007.

Deezer (@deezer)

France’s hot little music start-up that is was run by youngers Jonathan Benassaya (@JBenassaya) and Daniel Marhely (@blogmusik) and is, quite frankly, way better than Imeem. Benassaya is reported to have left the company,  which closed a second round of funding in October 2009 and has raised €12.2 million to date. Troubled waters?

JiwaMusic (@jiwa)

They may be still in Beta but they’ve signed with Universal and look like they may be getting ready to try and take on Deezer. Oh, and they’re also looking for good people to join their team.

 Musicovery (@needstogetontwitter)

A so-called interactive webradio that works like a moodring. Huh? They’ve been around a little longer than the others, since 2003. The man who runs the show is Vincent Castaignet (@alsoneedstogetontwitter) and they’re apparently not VC-backed.