IdInvest Partners, the France-based private equity firm backed by insurance conglomerate Allianz, closed its IdInvest Digital Fund II at €140m ($157m) today.
The fund will target European development-stage digital technology companies operating in the web-based, media, mobile, e-commerce services and software sectors.
Allianz’s France-based subsidiary once again contributed to the fund, along with media group Lagardère, which is participating in the fund as an active partner, recruitment firm Up Group, state-backed fund Bpifrance and undisclosed insurance companies, banks, family offices…
