French software gurus launch new investor group Seed4Soft
Summary
But then last year, a number of new seed funds popped up – like Kima Ventures, Jaïna Capital and ISAI. Plus, a handful of new business angels have also sprung to life, especially since the French government has allowed citizens to reduce their wealth tax by investing in a startup since 2008. Adding to France’s budding seed environment, some 13 French software gurus are officially launching a new entrepreneur-turned-investor group called Seed4Soft today. Seed4Soft may somewhat ressemble French seed fund ISAI in that its members are a number of successful entrepreneurs – including the likes of Franck Delorme (the former CEO of Sparus Software, sold to Zenprise), Laurent Balayre (former CEO of AS INFOR, sold to CEGID) and François Bourdoncle (CEO of Exalead, sold to Daussault Systèmes). The focus will be more on B2B projects with innovative business models in the SaaS and Open Source space.