VC firm Otium Venture becomes Frst and raises new fund

TechCrunch | 7/10/2019 | Staff
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/07/Frst-Team-photo-1.jpg?w=600







It’s a breakup of some sort, but with no hard feelings. The team behind Paris-based VC firm Otium Venture is creating a new management company called Frst and raising a new fund.

But first, let’s talk about Otium Venture. Smartbox founder Pierre-Edouard Stérin’s family office created Otium Venture and Otium Brands to manage his startup investments. Over the past four years, the Otium Venture team participated in a dozen seed rounds, such as Payfit, Doctrine and Owkin. It represented around $45 million in total (€40 million).

Frst - Otium - Venture - Team - Spinoff

With Frst, the Otium Venture team is essentially creating a spinoff company with no connection to Pierre-Edouard Stérin’s family office. The team is still led by Pierre Entremont and Bruno Raillard, with Judith Tripard and Gabriel de Vinzelles also following them.

Frst is...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
May you always have love to share, health to spare, and friends that care
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!