BNP Paribas, Naval Group, MGEN, KPN and Clarins will all contribute to a targeted $87.5m close for PSL Innovation Fund.
University Université PSL has joined venture capital firm Elaia Partners to launch a France-based investment vehicle called PSL Innovation Fund with backing from several corporates.
Financial services firm BNP Paribas, industrial manufacturer Naval Group and insurance provider MGEN are limited partners, as are KPN Ventures, the corporate venturing arm of telecommunications firm KPN, and FamilleC, part of cosmetics manufacturer Clarins Group.
The fund, which is targeting a €75m ($87.5m) close, will be managed by Elaia Partners. Additional LPs include Université…
