360 Capital Partners Closes New $38 Million Seed Fund

With $330 million under management (€300 million), 360 Capital Partners has been quite active in the French tech ecosystem. Today, the venture capital firm announced a brand new $38 million fund (€35 million) focused on seed investments. Paul Degueuse, who has been working for the company for a few years now, becomes a General Partner and is in charge of this new fund named ‘360 Square’ along with François Collet.

360 Capital Partners plans to invest between $330,000 and $1.1 million for each deal. When it comes to the limited partners backing today’s new fund, MAIF, Société Générale, Groupe Rocher, Thuasne and the Fonds National d’Amorçage all invested.

While the VC firm is based in Paris, Milan and Berlin, most of its investments over the past few years have been in French startups. We’ve covered some of them on TechCrunch, such as 360 camera maker Giroptic, smartphone repairing startup Save, seamless file-sharing service Infinit, smart device maker Withings, and money pot and payment service Leetchi.

Interestingly, 360 Capital Partners has made more investments over the past few years. 2013 was a turning point for the firm with 7 investments compared to 3 investments in 2012. This year alone, 360 Capital Partners has made 9 investments.