French Web raises nearly €32 million in November

The French venture capital industry maintained its cruising speed in November. The average investment ticket is 1.6 million euros.

French web entrepreneurs will have managed to raise nearly €32 million in November 2012, €9 million less than the previous month if we exclude Deezer’s €100 million fundraising in October. The investments recorded in November were almost all made by French funds and business angels. The average ticket does not exceed €1.6 million, confirming the interest of venture capitalists in early stage and highlighting the lack of financing for subsequent rounds.

The online magazine platform tops the list with €5.6 million raised from CMC-CIC Capital Privé and CDC Entreprises for its international development. In second place comes e-CRM specialist Follow The Sun, which raised €3.8 million to launch its new CRM360° offering. Marketplaces specialist Mirakl and cloud emailing platform Mailjet are tied for third place with €2.5 million each raised.

Sector by sector, mobile services came out on top with nearly €14.7 million raised this month, more than in the entire third quarter. In second place, e-commerce raised nearly €7.9 million, just slightly more than the €7.8 million raised in e-marketing. The online services sector is falling behind. Only TxtMaster managed to raise €1.6 million, notably from Alven Capital.

Fundraising in November 2012
Company Amounts raised (millions of euros) Investors Sector
Source: JDN
LeKiosk 5,6 CM-CIC Capital Finance, CDC Mobile service
Follow The Sun 3,8 Founders, Stratefib, Martin Toulemonde, CDC Mobile service
Mirakl 2,5 Elaia Partners, Xavier Niel, Laurent Dassault e-commerce
Mailjet 2,5 Alven Capital, Laurent Asscher, eFounders e-marketing
Digiteka 2 A Plus Finance, Calao Finance, Siparex e-marketing
Adictiz 2 Omnes Capital Mobile service 2 Iris Capital Mobile service
BuzzParadise Several millions Quilvest PE e-marketing
TextMaster 1,6 Alven Capital, private investors Online service
Faguo 1,5 N.C. e-commerce
Trekea (Live Trekker) 1,3 Geofinance Mobile service
Teleportd (Nitrogram) 1 Connect Ventures, Betaworks e-marketing
The Tops 1 Marc Mayor, Olivier Mathiot, Claude Bébéar e-commerce
I-Dispo Nearly 1 Historical shareholders, Kima Ventures, JAG, J-D. Blanc, Fabrice Grinda, Annie Eyt Mobile service 0,75 Entrepreneur Venture, Damien Roland e-commerce
Responsible sales 0,7 Sigma Gestion, Genesis Capital e-commerce
Snowleader 0,6 Crédit Agricole des Savoie Capital, Expansinvest, a family office e-commerce Between 0.5 and 1 Grégoire Lassalle, Benoit Habert, David Amsellem, Philippe Carle e-commerce
SpreadButton 0,3 Go Capital, business angels e-marketing
Modizy 0,21 CII Participations e-commerce
ExperOptic 0,105 Provence Business Angels, Méditerranée Investissements e-commerce
Total 31,965

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