FEBE Ventures unveils a $75 million second fund, escalating support for seed-stage startups. Its widened scope spans diverse sectors globally, backed by Otium Capital and a new alliance with Tekton Ventures. The leadership team, comprised of seasoned entrepreneurs, prioritizes founder-centric support and sustainable business models. Noteworthy additions to the team fortify its vision. The partnership with Tekton Ventures promises extensive collaboration, extending networks across key regions. Simultaneously, FEBE Ventures’ affiliation with Otium Capital underscores shared values and entrepreneurial spirit. Ultimately, this initiative propels FEBE Ventures toward a dynamic landscape of global investment, redefining support paradigms for startups.
FEBE Ventures embarks on a new chapter, marking a pivotal milestone with the launch of its second fund, set at $75 million. With a core ethos of nurturing startups, this expansion is emblematic of its commitment to amplifying support for burgeoning businesses. Bolstered by an esteemed roster of partners and a seasoned leadership team, FEBE Ventures embraces a comprehensive approach spanning various industries and geographies. This evolution positions FEBE Ventures as a global player, bridging networks and fostering innovation across borders, while staying true to its founder-centric values and sustainable business goals.
Established in 2019 by managing partner Olivier Raussin, FEBE Ventures has significantly supported over 35 companies, including noteworthy names such as Locad, Zenyum, Tindle, Silverbird, and Manatal. The leadership team has expanded to include notable figures like Nicolas El Baze, a former general partner at Partech with a history of founding successful startups, including Softway Systems, acquired by Microsoft. Additionally, tech entrepreneur and angel investor Aditya Pendyala, along with Jai Choi, managing partner at Tekton Ventures, have joined the ranks.
Notably, Otium Capital serves as the anchor partner for Fund II. Founded by Pierre-Edouard Stérin, a serial entrepreneur renowned for ventures like Smartbox Group, Otium Capital previously supported FEBE Ventures’ first fund. Managing $1.4 billion AUM across 100 investments, Otium Capital has achieved a commendable over 25% IRR since its inception.
While FEBE Ventures initially concentrated its first fund within Southeast Asia, Fund II adopts a broader investment scope, targeting pre-seed and seed-stage companies across various geographies and sectors.
Olivier Raussin underscores their diversified interests, stating, “We’re passionate about B2B, healthcare, sustainability, and climate tech. However, our approach remains deeply rooted in supporting founders. We believe in their vision, allowing them the space to surprise us across diverse industries and themes.” The typical investment range spans around $250,000 for pre-seed startups and $750,000 for seed-stage companies.
Raussin reiterates FEBE Ventures’ continued focus on Southeast Asia but cites global expansion due to new collaborations enhancing their global network.
Tekton Ventures, FEBE Ventures’ new partner, operates as the tech investment arm of Partech founder Vincent Worms’ family office, based in San Francisco. Jai Choi has led investments in unicorn companies across multiple countries, strengthening the partnership’s reach across Southeast Asia, Silicon Valley, Latin America, and Europe, with a keen eye on emerging economies.
Choi and El Baze will assume roles as Venture Partner and Partner, respectively, within FEBE Ventures, fostering collaborative growth and investment opportunities.
The entire leadership team at FEBE Ventures comprises former entrepreneurs with extensive experience launching numerous companies and working as investors worldwide. Raussin emphasizes its unique approach, seeking to support startups with products and services that reflect their entrepreneurial aspirations.
Their interaction with founders also stems from personal experiences. “We aim for transparent, genuine interactions, sharing our past mistakes humbly, enabling them to save time. Our mindset revolves around building sustainable, profitable businesses in the long run,” adds Raussin.
The partnership between FEBE Ventures and Tekton Ventures was borne out of their alignment in global investment strategies. Raussin highlights, “Our geographical strengths complement each other, fostering exclusive, long-term partnerships. Collaborating through co-investment schemes allows us to share our deal flow and invest jointly.”
Regarding FEBE Ventures’ collaboration with Otium Capital, Raussin lauds Stérin’s entrepreneurial journey, emphasizing shared values and an entrepreneurial mindset, fostering a productive collaboration.
Overall, FEBE Ventures’ ascent through Fund II signifies more than mere financial growth; it embodies a paradigm shift in startup support. The strategic collaborations with Tekton Ventures and Otium Capital herald a new era of global engagement, transcending geographical confines. The emphasis on founder-driven initiatives and sustainable practices underpins their mission. This evolution paves the way for FEBE Ventures to spearhead innovation, cultivating a dynamic ecosystem for startups worldwide. With an expanded scope, fortified partnerships, and a team of seasoned entrepreneurs, FEBE Ventures remains poised to reshape the startup landscape, fostering sustainable, impactful businesses across the globe.