France-based investment firm BlackFin Capital Partners achieved a first close of its Tech Fund 1 on Tuesday, having secured more than €100m ($117m) with the support of several insurance companies.
The insurers, which included Vaudoise Assurances Group, Groupama Group, Sogecap, Natixis Assurances and Swiss Life, were joined by France’s public investment bank Bpifrance, which contributed directly and through its MultiCap Croissance fund, and unnamed financial services firms and family offices.
The fund has a target size of more than €150m…
