kima ventures

France's new Kima Ventures to invest in 100 companies

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[France] The birth of a new seed fund has been announced in France, spearheaded by Jeremie Berrebi and Xavier Niel. The new fund, Kima Ventures, plans to invest in 100 start-ups within the next 2 years.

The duo behind the fund first met in 1999 when co-investing in a company and have become great friends and business partners since. Niel is the co-founder of Iliad and behind the creation of France’s Freebox, the IP triple-play. Berrebi is best known as a blogger and serial entrepreneur – founding companies including Zlio.com and Jewpedia.com – and has invested in 17 start-ups.

Together, they hope not just to offer funding – between €5,000 and €150,000 per start-up – but to also develop a dynamic and collaborative environment for all the companies they invest in.

Rumor has it that they were receiving 5 business plans per day prior to the official launch of Kima and have already made several investments to be announced in up-coming weeks. While part of the goal is to make more seed money available for early-stage technology start-ups in France, they plan to make a fair share of their investments internationally in order to develop a global ecosystem for their portfolio companies from the get-go.

  • http://blog.alexguest.me Alex

    “avier NieXzl”

    That is really a name?

    • Steve O'Hear

      Fixed. Blame my wonky track pad on my Macbook.

  • Davor

    With all respect, who would apply to give up 50% share of the project for 5,000 ?

    Looks like lottery game to me. Instead to focus on most perspective ones, and then put more money/risk on them.

    • will

      where does it say anything about 50%?

      • Davor

        whatever, 20% stake for 5,000 EUR also doesn’t sound like something to die for

      • Davor

        … this scenery shows that neither entrepreneur nor investor doesn’t believe much in particular business idea.

  • http://www.kimaventures.com Jeremie Berrebi (Kima Ventures)

    Hello Davor

    For your info, we never said that we are taking a 20% stake for 5000 EUR.

    Jeremie

  • Inquisitive

    Unsure why would a startup need investors (Kima) for €5k !!!

    Moreover, …. if 2 guys will do 100 investments… that’s 50 per guy… Taking a month has 30 days …Considering all the travel time + simple division tells me these guys are not going to be working much for their “portfolio” companies…

    Don’t see much value add !

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