Cathay Innovation goes all-in on sustainability with €1 billion fund


Introduced from its Paris workplace, world VC fund Cathay Innovation has revealed its latest fund, totaling €1 billion, is aimed toward supporting startups working in enterprise software program, AI, fintech, digital well being, new mobility, retail, and power sectors. The agency is specializing in Collection A and B funding rounds with ticket sizes starting from €5 million to €80 million, and says that further capital has been put aside for additional progress spherical help.

Constructing on a profitable observe document that features over 120 investments throughout Europe, North America, Asia, Latin America, and Africa, with 19 unicorns, and seven exits within the portfolio, the pondering at Cathay is that the following decade will see the huge transformations of ‘digitalisation’ that we’ve heard a lot of for the previous decade, throughout all industries.

For sure, the pandemic actually kicked this promise into excessive gear, and Cathay sees the mixture of this alteration and powerful shopper give attention to sustainable applied sciences as the primary focus of its €1 billion structure throughout Europe, Asia, and North America.

“We consider the time is now to speed up digital transformation over the following ten years as innovation represents the most important alternative to tackle a number of the world’s largest challenges,” commented Cathay’s Denis Barrier. “With Fund III, we now have tailor-made funding theses for healthcare, finance, shopper, power, mobility and logistics – investing in next-gen applied sciences that can be pervasive in world industries to ship higher, extra environment friendly merchandise and options addressing the wants of finish prospects.”

Cathay Innovation’s latest enjoyable is backed by institutional traders and multinational companies together with Sanofi, TotalEnergies, Valeo, BNP Paribas Cardif, Groupe SEB, Groupe ADP (Paris Aéroport) and others.

“Fund III marks an vital milestone in our journey, constructing a multi-industry platform that connects massive companies and startups to collaborate, trade information and help the sustainable transformation of all stakeholders. We’re honored to have the belief of recent and current traders, companions and {industry} leaders who leverage the Cathay platform to take the lead of their respective fields and work collectively to drive significant change,” concluded Cathay’s Ming-Po Cai.


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