Venture Capital specialist for more than 25 years
Launched in 1990 with the mission of being the financial partner of young innovative companies of the Auvergne Rhône-Alpes region, Rhône-Alpes Création holds more than ever a strong position in the regional ecosystem. Since its inception, over 275 startups from the region have been supported through four investment vehicles: Amorçage Rhône-Alpes, Rhône-Alpes Création II (RAC II), the successor of Rhône-Alpes Création I (RAC I), and R2V launched beginning 2014.
Banexi Ventures Partners
Banexi Ventures Partners (BVP) is a French independent investment management company specialized in the financing of tech companies with high growth potential (internet, electronic, medical technology). BVP took on the venture capital activity born in 1983 within the Banexi, BNP Paribas’ merchant bank. With 430 m€ invested in 267 companies (including 20% in the Auvergne Rhône-Alpes Region), BVP, one of the pioneers and leaders of French venture capital, manages three investment vehicles (BV3, BV4 and BV5)
Our fundsMore than 250 M€ under management
A 50 M€ venture capital fund dedicated to financing young tech companies with high growth potential in fields such as internet, electronics and med tech. Investment size from 1 M€ to 10 M€.
A 26.6 M€ seed and venture fund dedicated to financing seed and early-stage innovative startups in the Auvergne-Rhône-Alpes region. Investment size from 150 k€ to 650 k€.
A 25 M€ seed fund dedicated to financing seed, pre-revenue and multi-technology startups in the Auvergne-Rhône-Alpes and Provence-Alpes-Côte d’Azur regions. Investment size from 500 k€ to 2.5 M€.
Our Key Criteria
Seed & Early-Stage
We invest in seed and early-stage companies which have proven the technical and commercial feasibility of their project and face the challenges of speeding up their development.
We attach fundamental importance to the quality and adequacy with the project of the founding team. We seek remarkable entrepreneurs with whom we can build trust and the will to work together for many years.
The innovative nature of projects is key as we look to finance companies with high added value, relying on sustainable competitive advantages. The innovation can arise from a proprietary technology or a unique value proposition.
The perspective of growth and results must induce strong value creation, giving the opportunity, with time, to carry out profitable exits, in a time frame no longer than 7 years.
Our Investment Process
1. Meetings and diligences
Based on an executive summary or business plan we carry out a first screening of projects where we qualify the adequacy of the project with our main criteria. We then take time to meet and chat with the entrepreneurs to further our analysis.
When projects draw our interest, we conduct in depth due diligences, which, if positive, lead to an investment proposition on our behalf. According to the maturity of projects and reactivity of the parties, this first phase takes about 1 to 3 months.
2. Negociation & Investment
Following the investment proposition, we work with the entrepreneurs on organizing the financing round, very often co-investing with other financial partners, which includes a phase of financial and legal negotiation and structuration. You should count roughly 1 to 2 months for this phase prior to the finalization of the investment.
Once the investment completed, we become a non-executive partner of the company with, nonetheless, an active role in supporting the entrepreneurs regarding strategic and tactical examinations while leveraging our network to aid the development of our portfolio companies. This phase can last up to 7 years, depending on the exit opportunities that present themselves.
We aim for an exit 5 to 7 years following our investment. Our exit can be tied to anticipated or structured opportunities in cohesion with the other partners and can take several forms: trade sale, IPO, Institutional, Leveraged or Management Buyout (IBO, LBO or MBO),…