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Time Equity Partners Wants To Launch A New $130M Fund To Invest In 10 French Startups

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http://techcrunch.com – French later-stage VC firm Time Equity Partners is looking to raise a second fund to fuel its investments. The company needs $130 million (€100 million) before the end of the year, according to Les Échos. The government could invest between $26 million and $40 million (between €20 million and €30 million). Multiple investors are already committed to financing two-thirds of the new fund — Time’s parent company Yam Invest will add $43 million (€33 million) to it. Big French companies, such as EDF, Bouygues or car companies, could also participate to put a foot in the startup (IT news)