Pia d’Iribarne, formerly of Accel and Stride, is heading up a brand new European early stage enterprise capital agency co-founded with French entrepreneur and investor Xavier Niel, TechCrunch has discovered.
Dubbed New Wave, its debut fund of $56 million was raised in simply 3 months and has already begun making investments. It’s mentioned to be concentrating on seed and pre-seed startups throughout Europe but additionally European founders additional afield.
Cheque sizes shall be between €500,000 and €2 million, with New Wave each main and co-investing in rounds in what I’ve been informed shall be a “collaborative” strategy, investing alongside and taking part in properly with Europe’s enterprise angels and different seed companies.
I reached out to d’Iribarne and she or he confirmed the fund measurement and that New Wave is open for enterprise however declined to remark additional.
D’Iribarne is taking the function of managing associate of New Wave and can be a co-founder of the brand new agency. Working together with her on investments is New Wave associate and co-founder Jean de La Rochebrochard, who can even proceed working Kima Ventures, the angel funding car of Xavier Niel.
D’Iribarne, who’s half French and half Dutch and splits her time between London and Paris, was most just lately a associate at Stride the place she is alleged to have led the investments in Strapi, Impala, and Jow. Earlier than that she was at Accel the place she invested in Doctolib, Framer, Payfit, Selency and Shift Expertise. She began her profession at McKinsey & Firm.
French-born De La Rochebrochard has been working Niel’s enterprise arm for 5 years and has invested in near 500 corporations at seed stage. He has additionally been concerned by way of bigger commitments in Zenly, Payfit, Cube, Ibanfirst, Nabla, Alan, Impala and Openclassrooms. He’s a former associate at The Household.
Along with Niel, d’Iribarne, and de La Rochebrochard, New Wave’s different co-founders are Antoine Martin (co-founder and CEO of Zenly, and a prolific angel investor), and Alex Yazdi (founding father of Voodoo, and skilled angel investor).
In the meantime, in addition to Niel, the billionaire founding father of French telecoms large Iliad (Free) and most just lately the founding father of Station F, sources inform me that New Wave has attracted numerous different excessive profile LPs, together with Yuri Milner of DST, Peter Fenton from Benchmark, Philippe Laffont from Coatue, and Tony Fadell of Nest and Apple fame.