Investisseurs. Jaïna Capital (Marc Simoncini) Founders Fund. Superangel-ISAI. ISAI, a superangel fund started by some of France's most experienced internet entrepreneurs, announced that it has closed his first fund, of 25 million euros (~$33 million). What sets ISAI apart is that it is "by entrepreneurs for entrepreneurs" and that it plans to invest in round sizes between business angels and traditional VCs. It will try to be the lead investor in a startup's first round and might follow on in a VC Series A. They plan to do one investment per quarter.
A big trend in early stage investing in general and in France in particular is the rise of so-called "superangels," either groups or individuals, often experienced entrepreneurs themselves, who invest in startups as business angels but with the financial firepower of VC. For example, Meetic's Marc Simoncini has pledged to personally invest over 100 million euros in startups in the next few years, which is more than a lot of VC funds. Join the conversation about this story » See Also: ISAI, Fonds Internet- Pierre Kosciusko Morizet. Kima Ventures.