$100 million SME VC fund
started by EuroMena

Targeting all sectors except real estate

EuroMena Funds, a manager of venture capital funds, is launching a $100 million fund targeting local small to medium enterprises (SMEs) by the end of the year.

“We are being contacted by SMEs that need investment tickets of $3 to $10 million. Our investment ticket in EuroMena III is $20 million, too large for local ones. There is a large need for this kind of funds,” Romen Mathieu, Managing Partner of EuroMena Funds, said.

All sectors except real estate will be targeted by the fund.

Mathieu said: “I think this fund will be invested very quickly, because we know the drill. There is a great ecosystem and a lot of awareness regarding private equity.”

Investors in the fund will include some banks, in addition to the European Investment Bank (EIB) and International Finance Corporation (IFC).

“We hope to forge some strategic partnerships with banks and insurance companies,” he said.

EuroMena plans to exit companies from the SME fund in ten to 12 years.

Mathieu said: “By then, it should bring at least two to three times the money we have invested.”