French VC firm Blisce, established by serial entrepreneur Alexandre Mars, closed its second fund at $250M.
The firm intends to back generative AI, commerce, electrification, healthcare and enterprise consumerization, and senior citizens-focused technology startups.
- Blisce will split the capital equally between investments in the U.S. and Europe.
- 80% of the capital is earmarked for initial investments, with the remaining 20% set aside for follow-on rounds.
- Blisce intends to invest between $15M and $20M on average in Series A to Series C stages startups.
- However, the firm is willing to extend its check size to $30M for promising startups.
- Since its establishment in 2014, the firm has deployed $468M in 24 portfolio companies across the e-commerce, healthcare, financial services, food, media, and entertainment sectors.
- Blisce launched its first fund in 2019, which closed with $183M in capital commitments from limited partners.
- LPs in the current fund include Bpifrance, SWEN Capital Partners, Seb Group, BNP Paribas Cardif, L'Oreal Group, and others.
