French VC Ventech is taking the steps towards financially backing a lot more European startups, establishing a €100 million fund, titled Ventech Capital F. The VC already provided the funding to launch Frankfurt startup WirKaufens.
The investors in the Ventech Capital F. fund include European Investment Fund, Natixis Private Equity, CDC Entreprises, Malakoff Médéric, the BPCE group, Pactinvest from Groupe SMABTP, along with other family offices. The new fund will focus on investments in the digital economy, including the internet, media, ecommerce, mobile, along with technology such as SaaS or open-source software, hardware and communication.
The new fund will be predominately investing in startups in Europe, with particular interest in the developments in Turkey and the BRIC countries (Brazil, Russia, India and China). Ventech has invested in Russia in the past and invests locally in China through a dedicated fund in the country.