Resonance is a brand new $150 million VC fund primarily based in Paris • TechCrunch

There’s a brand new VC fund on the town — a minimum of should you stay in Paris. Meet Resonance, a brand new $150 million fund (€150 million) backed 100% by Otium Capital.

It’s possible you’ll already be conversant in Otium Capital. It’s Pierre-Edouard Stérin’s household workplace. Again in 2003, Stérin co-founded Smartbox Group, the corporate behind many standard expertise reward containers. He nonetheless owns Smartbox Group in the present day and has some huge cash.

With Otium Capital, the household workplace has a broad funding technique from leveraged buy-outs to actual property — and it has carried out fairly just a few startup investments over time.

Some previous investments embrace PayFit and Owkin. However a part of the enterprise workforce at Otium left to create their very own fund in 2019 — Frst.

Resonance will change into Otium Capital’s tech-focused VC fund going ahead. Maxime Le Dantec and Alban Oudin might be managing the fund’s day-to-day actions.

Le Dantec was beforehand a Principal at Balderton Capital and labored on offers with GitGuardian, Kili Expertise, Numeral and Request. As for Oudin, he was a Principal at XAnge and he was concerned with investments in Animaj, Vertuoza, Cajoo, Silvr, Be a part of Tales and Workmotion.

Resonance will deal with seed and Collection A investments starting from €100,000 to €10 million. Whereas the workforce might be primarily based in Paris, Resonance plans to take a position throughout Europe.

The workforce insists that it doesn’t need to spray and pray. As a substitute, it’ll deal with a handful of investments per yr in order that it will probably present the suitable stage of help on numerous matters, akin to key hires and future fundraising efforts.

That’s the principle benefit with having a single backer. If there are some macro-economic points, you don’t must deploy a whole lot of capital yearly as a result of your restricted companions have outlined a brief life cycle on your VC fund.

Resonance isn’t going to deal with a selected tech vertical. Based mostly on the background of the workforce, it will probably spend money on something from enterprise software program to fintech, web3, shopper and software-as-a-service merchandise for SMBs.