INNOVACOM Launches Over-subscribed Innovacom 6 with 150 Million Euros

Paris, November 12th 2007

Innovacom raises its seventh fund with 150 M€ (200M$), 20 % more than the previous fund.

Innovacom 6 will be dedicated to innovative new companies in telecommunications and digital media, the same core domains that fueled the success of the previous Innovacom funds (Innovacom 1, 2, 3, 4, 5, and Technocom). The fund will be focused on France, but will also invest in Northern Europe and North America, via its Stockholm and San Francisco offices, respectively.

Priority sectors are digital content, digital media technologies and services, network technologies, enterprise software, components, and hardware related to communications.

The strong support of existing investors in prior Innovacom funds allowed the fund to be raised in less than six months.

The increase in the fund size was facilitated by the support of the France Investissement initiative, managed by CDC Entreprises through its own entities and through funds of funds initiated with French insurance companies and banks.

With Innovacom 6, Innovacom also continues to benefit from the support of prestigious international limited partners like HarbourVest Partners (USA) and the European Investment Fund (Luxemburg).

The first investments will be made before year end.

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