Université PSL (Paris Sciences & Lettres) and management company Elaia Partners have just announced the launch of PSL Innovation Fund, a seed and pre-seed fund dedicated to deep tech startups from PSL's areas of expertise. The fund is already active, with a target size of 75 million euros. Investors will include Fonds National d’Amorçage 2, managed by Bpifrance on behalf of the French State as part of the Programme d’investissement d’avenir (PIA, or future investment programme), BNP Paribas, Naval Group, FamilleC, MGEN and KPN Ventures.
The leading French university in international rankings, PSL is a university located in the heart of Paris, focused on interdisciplinarity and innovation, born from a common initiative by prestigious Parisian schools and research institutions already globally acknowledged for their excellence. The dynamic PSL ecosystem, the rise of supporting organisations, incubators and fab labs, together facilitate the transfer of technology and the creation of deep tech startups. Managed by Elaia Partners, the PSL Innovation Fund will deploy a multi-sector, early stage investment strategy in all the sectors of PSL’s academic excellence, such as artificial intelligence, digital technologies, energy, environment, materials, biomedical engineering– including microfluidics– and life sciences
Naval Group was advised by Gide counsel Rima Maîtrehenry on the legal and regulatory aspects of its investment in PSL Innovation Fund.