The new fund will allow Breega to finance founders at Series A stage and above while reinforcing its pan European presence by continuing to build and staff a network of offices across different European tech hubs.

Less than a year after announcing the closing of its second Seed fund at €110 million, Breega has closed a €250 million Venture fund, doubling its assets under management to half a billion euros. This is Breega’s fourth fundraise in seven years, making the full stack VC one of Europe’s fastest-growing investors.

Financing top tier companies at Series A stage and above

This new fund - the successor to Breega’s €105 million Venture fund launched in 2017 - will be used to finance European Series A and above high-growth startups. It will be strongly focused on fintech and insurtech companies -such as existing portfolio investments Moneybox, Cuvva, Coverflex and Libeo - as well as startups working in Web3 and the Future of Society.
Several stellar startups have already been backed by Breega’s new fund of which Keebo (fintech), UKIO (proptech) and Mila (insurtech). Brega’s aim is to finance at least 20 companies in total with the new fund.

"Our fourth and largest fund to date will allow us to finance later stage companies at Series A stage and above and to continue to support our existing portfolio startups as they grow. This new money will also allow us to expand further into the increasingly dynamic Iberian tech ecosystem, one of the most dynamic in Europe”.
comments Ben Marrel, Co-founder and CEO at Breega.

To provide real value-add to startups, Breega has an inhouse, free-of-charge Scaling Squad, a team of dedicated professionals experienced, amongst other things, in Business growth and pairing, Talent, Marketing and Communication. Their role is to actively advise, guide and help set the pace for its startups as they scale.

Paris ● London ● Barcelona

Ben Stanway, founder and Co-CEO of Moneybox says:
“Breega was one of our first investors. Acting like an extension of our own team, Ben and Breega’s Scaling Squad provided us with lots of advice and invaluable expertise, particularly during the crucial period when we were scaling rapidly in a short space of time. We recently raised our Series D round but still rely on valuable feedback from Ben and the Breega team”.

Half a billion euros to fuel Breega’s European expansion

This latest fund will also help fuel Breega’s pan European expansion. Breega employs international, gender equal investment teams and scaling experts across its existing offices in Paris and London. To reinforce its European presence, Breega has just opened a new Spanish office in Barcelona, headed up by Partner and recently nominated Head of European Venture, Isabelle Gallo.

“By opening up our new Barcelona office, Breega is now able to fully integrate and serve the increasingly dynamic Iberian tech ecosystem where we’re seeing a lot of new and highly promising tech startups. We’re especially interested in helping out those that are looking to address the huge Latin American markets where we’re seeing major opportunities for expansion”

Current investments in the Iberian market include property tech Ukio, insurtech and employee benefits platform, Coverflex, and the fintech investment platform, Ninety-Nine. Breega plans to invest in several more Iberian tech startups in the coming months.

As Breega grows, its serial entrepreneur founders; Ben Marrel, François Paulus and Maximilian Bacot, have taken care to maintain the fund’s entrepreneurial DNA with a founder-only investment team that has lived the challenges of launching and scaling successful businesses.

In the UK, Breega is also currently finalising the hire of an ex- founder to head up their London team as UK Partner, overseeing investments and helping to grow the Breega brand and ethos. Details of the new hire will be made public shortly.
Breega’s investors include institutional players EIF (European Investment Fund) and Bpifrance, and key financial institutions such as Group Crédit Agricole, Amundi, LCL, Isomer Capital and a long list of successful entrepreneurs.

To date, Breega has backed 70 promising portfolio companies across 7 countries.