Tag: France

InnovationStartupsVenturecapital

École Polytechnique Alumni Fund Secures €21 Million for Deep Tech Startups

The alumni venture fund of France’s prestigious École Polytechnique has secured €21 million toward backing early-stage startups with university connections. The fund targets deep tech sectors including artificial intelligence, healthcare, and energy with investments ranging from €250,000 to €2 million.

University Venture Fund Gains Momentum

Polytechnique Ventures, the alumni investment vehicle of France’s prestigious École Polytechnique engineering school, has reportedly secured €21 million toward a new fund targeting university-affiliated entrepreneurs, according to sources familiar with the matter. The fund is said to be aiming for a final close between €30 million and €40 million as it continues to attract backing from the school’s distinguished alumni network.

by Oliver Keaton
EconomyFinance

French Capital Flight Intensifies as Political Uncertainty Drives Wealth to Offshore Havens

French entrepreneurs and affluent families are accelerating capital transfers to Luxembourg and Switzerland as political fragmentation continues. Wealth managers report unprecedented outflows following last year’s snap elections and ongoing budget disputes.

Political Turmoil Sparks Wealth Exodus

French entrepreneurs and wealthy families are reportedly moving record amounts of capital to Luxembourg-based annuities and Swiss financial havens as political instability persists in France. According to sources familiar with the matter, the outflow of personal investments accelerated significantly after President Emmanuel Macron called snap parliamentary elections last June, creating a fragmented National Assembly and successive fragile governments.

by Oliver Keaton