Gide advised management company Hi inov on the first closing of its second generation fund vehicle, during the third quarter of 2018, for an amount of 90 million euros.
This new fundraising is part of the management company's desire to increase its investment capacity to support digital B2B companies both in France and in Europe. The Dentressangle Holding, the SNCF Group and the bank, Caisse d'Epargne Rhône Alpes, which were already investors in Hi inov's first generation fund vehicle, made a commitment to Hi inov 2. Rothschild & Co is a new investor at this first closing. Four million euros have already been invested in Deepomatic and Zelros.
Established in 2012 by Pierre-Henri Dentressangle and Valérie Gombart for the purpose of financing innovative companies, Hi inov now totals a portfolio of shareholdings worth 80 million euros with 800 employees. The first generation funds (Hi inov and SNCF Digital Ventures 1), with 70 million euros, have already made investments in digital start-ups like Intercloud, 360 learning, and Platform.S.H.
Hi inov was represented by Gide with partner Ann Baker, counsel Rima Maîtrehenry, and associates Jennifer Chossis and Kikoun Coulibaly.