Polytechnique Ventures closes its first early-stage investment fund at €36 millions
The Polytechnique Ventures Fund has announced the final closing of its first early stage fund, dedicated to the entrepreneurial ecosystem of École Polytechnique, and endowed with an envelope of 36 millions euros.
Created in 2020 and endowed with an initial amount of 15 millions euros, Polytechnique Ventures is a local financial tool to better support the emergence of high-potential start-ups from École Polytechnique’s entrepreneurial ecosystem.
Polytechnique Ventures, which is entirely financed by the alumni community who actively wish to support the School's entrepreneurial dynamic, has benefited from the contribution of 160 alumni for amounts invested ranging from 100,000 euros to 3 millions euros.
The fund gives priority to young, ambitious deep tech and transdisciplinary teams, willing to profoundly transform targeted industrial sectors, corresponding to the School's sectors of excellence: energy, climate and environment; smart city and new mobility; digital and artificial intelligence; industry 4.0; medtech…
Recent investments include Jimmy Energy, Galam Robotics, Goodvest, Hyperplan, Mithril Security and Spinergie.
Investing up to €1 million in pre-seed and seed stage, the fund intends to continue in Series A and expects to have a portfolio of 15 to 20 companies within two years.
Since the beginning of 2010, École Polytechnique has opened up to the world of entrepreneurship, notably by creating a center dedicated to innovation, the Drahi X Novation Center, and high-level training programs dedicated to entrepreneurship (MSc X-HEC Entrepreneurs). This strategy has enabled the school to strengthen the innovation capacity of its ecosystem and the entrepreneurial spirit of its students.