Benoist Grossmann

The last part of this 6-part series on how to model a P&L, translated into French and published on Frenchweb. https://lnkd.in/eWHYamDD

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UBS Revamps How It Sells Private Asset Funds as Demand Booms : Unified Global Alternatives pooling all of the bank’s private-markets offerings into one unit to provide a wider offering of alternative funds — everything from buyout shops to hedge funds to real estate — to all of its clients : Private Markets have been booming over the past decade thanks to low interest rates and rising valuations, helping pension funds and institutional investors to boost returns they wouldn’t find in public markets : UBS’s asset management and wealth business together manage $250 billion of invested assets in alternative markets

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💥New investment – Industry 4.0💥 🎉 The Bpifrance French Tech Accélération team is delighted to announce its participation in the €8.5M fundraising of OSS Ventures, an #Industry40 #startupstudio, alongside Tikehau Capital and Etablissements Peugeot Frères. 🚀 OSS Ventures is the leading studio specializing in software for operations. Its mission is to help factories digitalize, become more efficient, and reduce their environmental impact. ⭐Since its establishment in 2019, the studio has demonstrated a strong track record: - Created more than 15 #startups. - OSS Ventures, one of Europe's most successful digital studios, generates over €25M in annual recurring revenue (ARR) from its startups. - The solutions are deployed at nearly 2 000 industrial sites. - OSS has also created a community: a network of industrial partners, industry operations managers and sector experts. 🔍OSS Ventures aims to identify the operational problems encountered by blue-collar workers and operators, and to map out the areas where digital technology can help. The company’s strength lies in co-constructing startups with manufacturers. 💡 They have created various companies, such as fabriq, a software for digital problem-solving in factories, and MyC, a solution for health management in complex environments (ships, oil rigs, mining, etc.). 🚀 With this latest round of financing, OSS Ventures has raised a total of €11M. This funding will enable the studio to scale up its model and create 5 startups per year. 🏆 The startup studio is an operational company, which relies on its 20-member team, with expertise in IT development, design, marketing and sales, operations, and communications. 👉 Find out more: press release link in comments Renan Devillieres Pierre Lavaux Aurore Lanchart Jean-Philippe Lorinquer Quentin Dubois Maroussia Houimli Pierre GILLET Océane Fleury Bpifrance #France2030 #Manufacturing #Innovation #DigitalTransformation

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‘Everything Is Not Going to Be OK’ in Private Equity, Apollo’s Co-President Scott Kleinman Says : Fewer realizations and lower returns are on the horizon : private equity industry must face up to the reality of lower valuations : SuperReturn conference in Berlin “I’m here to tell you everything is not going to be ok” Funds are now holding on to these companies and will eventually have to refinance at higher rates : means “fewer realizations and lower returns” are on the horizon in the industry : dealmaking is poised to accelerate this year as buyout and private credit funds face pressure to return money to their investors : Apollo is one of the world’s largest alternative asset managers, investing across credit, equity and real estate : ended last year with $651 billion of assets under management, is targeting $1 trillion by 2026 

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‘Le Chat’ ‘la platform’ Mistral AI artificial intelligence, France’s Startup Darling, Takes Aim at the US Market : Mistral's edge could come from customers that want to avoid being locked into particular cloud companies “Customers are even saying ‘Le Chat’ and ‘la platform’ It seems that the French touch is having an effect.” opportunity is huge — Bloomberg Intelligence estimated that the software and cloud market in generative AI market could reach $350 billion by 2032 : Mistral is going after OpenAI’s home turf “They do not want to be forced into an AI stack” “They want choices” Mistral released a series of AI models, which power generative AI services, and a ChatGPT-like feature called Le Chat : US manager says businesses are looking for alternatives to Big Tech : will find customers through these partners as well as via direct deals with companies using its open-source models. Open source is one of Mistral’s main selling points : the approach — where the underlying computer code is openly shared and tweakable — as a safer, more versatile method than closed systems offered by OpenAI and others : Mistral’s open-source models on-premises, with data stored in local servers instead of with public cloud providers ---- generative artificial intelligence ---

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There a fewer and fewer public companies.  They were +8000 in the US in 1996 and are now only 4642.  That’s down 43%. How did this happened? You can explain this in many ways :  The regulation makes it increasingly difficult for a company to IPO VC & PE have be on the rise for the last decade Acquisitions are also on the rise. To give you a snapshot : 870 publics companies were acquired by one of the magnificient seven (google, apple, Meta, Amazon, Microsoft, Tesla and Nvidia) And what’s the consequence? More and more companies, facing difficulties by IPO are drawn to VC & PE were there are more and more investors. Even though the private market lack transparency and available data, VC and PE firms have been working on tools to obtain data in ordre to make better investment décision. It’s the case for Earlybird or EQT Ventures. And also a lot of start-ups that are now working to create tools to help VC in their decision making process. So now the question is : will private markets one day have a sufficient data level for investors to make as informed decision as they would in public markets ? On my side I truly believe that in the upcoming years, we'll see the first quants VC. If you want to read some more : https://lnkd.in/eKFZuyeE

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“Is ELTIF 2.0. the key to the retailisation of Private Equity?” is definitely one of the questions we touched upon during the roundtable Frédéric Pérard from STP had the pleasure to co-moderate during the #LPEA Tech Day on 22 May, 2024. The main take-aways of this interesting discussion can be sumarized as follows: 1- Most ELTIF 2.0 new projects are open ended funds with potential high volumes of retail investors; 2- this implies more onboarding work, including AML / KYC and therefore more cost; 3- it also requires to address specific aspects like long lock-up period and the need for liquidity; 4- GPs need to adapt their fee structure to make them simpler and easier to manage; 5- ManCos and Asset Servicers need to get properly equipped to process a mix of bankable and non bankable assets, often held in very different systems… 6- Consequently, ELTIFs 2.0. seem promising but challenging. Let’s see the final RTS and their impact on the market. Thank you #LPEA for hosting this insightful event. For those of you interested in launching ELTIFs, talk to us if you current platform doesn’t fully meet the needs! #ELTIF, #Asset_management, #Asset_servicers, #ManCo, #GP, #LPEA

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AUDACIA's annual results for 2023 were presented yesterday by Olivier de Panafieu and Charles Beigbeder. The company has seen a remarkable AUM growth of 26% to €510 million. In addition, they have launched new specialised investment themes including New Space with Expansion, Decarbonisation with Exergon, Healthtech with SORBONNE VENTURE, and Quantum with Quantonation. The company is also excited about continued opportunities in Coliving and CapitalDéveloppement. To learn more about Audacia's 2023 results, follow the link: https://lnkd.in/g8Bc-BSD. #Audacia #investment #growth #specializedinvestment #Coliving #CapitalDéveloppement #deeptech #realestate #growthcapital #quantum #healthtech #Space #Decarbonization.

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#fundingalert 💼Company: Presti 💰Funding: $3.5 Million ⚡Round: Seed 👥Investors: Partech, Thibaud Elziere, Maxime Brousse, Abou Laraki, Rémi Lemonnier, and Julien Hirth. Presti is the #1 solution for high-quality product photos. Their mission is to transform the way companies create and utilize their product imagery. They bring a new way to stage your products at scale using AI. If you are a furniture company, it is time to use Presti. Presti is renowned as the leading AI platform for generating high-quality product photos. Boris Golden, Nabil Toumi, Damir Babacic, Hamza Bennis, Abdellah Lamrani Alaoui, Saad Bencherif   Read more - https://lnkd.in/gepbEKDi To share your startup story write us on - contact@startuprise.co.uk #Presti #AI #Highqualityproducts #fundraising #funding #startup #news

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At the question "Do you think it is beneficial to read the book "Innovate, Fund, Thrive" by Jean-François Denault and Philippe Tramoy to start a lifescience startup ⁉️" ChatGPT answers: Reading "Innovate, Fund, Thrive" by Jean-François Denault and Philippe Tramoy can be highly beneficial for anyone looking to start a life science startup. Here are some reasons why this book might be particularly useful: 👉 Industry-Specific Insights: The book is tailored to the life sciences sector, addressing the unique challenges and opportunities in this field. This is crucial because life sciences startups face specific regulatory, scientific, and market-related hurdles that differ from other industries. 👉 Comprehensive Guide: It covers a broad range of topics essential for starting and running a successful life science startup, including innovation strategies, funding options, and business growth tactics. This holistic approach can provide a well-rounded understanding of the entire startup lifecycle. 👉 Expert Authors: Jean-François Denault and Philippe Tramoy are experienced professionals in the life sciences industry. Their expertise and practical insights can offer valuable guidance and real-world examples, making complex concepts more accessible. 👉 Practical Advice: The book offers actionable advice and frameworks that can be directly applied to your startup journey. This practical focus can help you navigate the early stages of your startup more effectively. 👉 Case Studies and Examples: Real-world case studies and examples illustrate key points and provide lessons learned from other startups in the life sciences sector. These can help you avoid common pitfalls and leverage successful strategies. 👉 Networking and Resources: The book may also provide information on useful resources, networks, and communities within the life sciences industry that can support your startup’s growth. In conclusion, "Innovate, Fund, Thrive" is likely a valuable resource for aspiring life science entrepreneurs. It offers industry-specific knowledge, practical advice, and expert insights that can help you navigate the complexities of starting and growing a life science startup. Link to Routledge Taylor & Francis Group👉https://lnkd.in/eksmdXG4 #negotiation #negotiationstrategies #deeptech #InnovateFundThrive #biotechnology #bioscience #businessmanagement #entrepreneurship #lifesciences #startup #startupfunding #competitors #lifesciences #entrepreneurship #productmarketfit #startup #marketing #fundraising #InnovateFundThrive #entrepreneurship #businessmanagement #marketresearch #ipstrategy #customercentricapproach #pitchdeck #artofnegotiating #8classicmistakes #deeptech HEC Paris HEC Paris - Innovation & Entrepreneurship Institute X-HEC Entrepreneurs HEC Alumni ESCP Business School INSEAD Stanford University Graduate School of Business ESSEC Business School École normale supérieure de Lyon IAE Paris - Sorbonne Business School Université de Bourgogne

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Exclusive Insights from Kiln's COO, Thomas de Phuoc ! 🚀 Dive into the last Chain R3action content in which Thomas covers Finance, HR, and Legal strategies. Discover: 💡 Financial Prudence: How Kiln maintains stability in a volatile market. 👥 Strategic HR Approach: Thomas's methods for building a resilient team. ⚖️ Proactive Legal Strategy: Navigating legal complexities with foresight. Subscribe now for actionable tips and stay ahead in the web3 ecosystem ! Link in the first comment 👇 #Blockchain #Web3 #Finance #HR #Legal #StrategicInsights

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Watching the Roland-Garros French Open over the weekend and saw this motto: Victory belongs to the most tenacious. The failure rate of startups is high. According to recent statistics, approximately 90% of startups fail, with around 10% to 20% achieving long-term success. Various sources attribute this high failure rate to multiple factors, including under capitalization, poor product-market fit, inadequate marketing strategies, and team issues. Different industries exhibit varying failure rates. The failure rate for technology startups is around 63% within the first five years , while the failure rate for e-commerce startups is about 80%. HealthTech startups also face a high failure rate of around 80%, largely due to challenges in determining value propositions and strategy. Despite the high risk, some startups do succeed, sometimes making up for the losses of the many failures, which is why investors continue to support them. As the early stage investment market stands currently, a founder should not expect an investment based on the relative merits of a company. In other words, you may be building a great company but there’s no guarantee of an investment. This predicament requires both defensive and offensive strategies to navigate. One that we are seeing increasingly is the move toward cash flow neutral/ cash flow positive operations.

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🌏💡 Dear Sustainable Finance Community In this week´s edition of our Sustainable Finance Newsletter (25/2024), you will find updates such as 👉🏻 Indosuez Wealth Management announced the launch of its first SFDR bond fund 👉🏻 Workiva expands platform with carbon accounting, carbon management and decarbonization solution 👉🏻 Persefoni and First Street Partner launched physical climate risk solution ... and many more insightful news. 💬 #sustainablefinance #sfidaily #banking #finance #sustainability #esg #climatechange #markets #news #reporting #investing #greenfinance

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At SINGULIER, we have identified seven key customer data trends which are value creation opportunities for corporates and their investors. ⬇ With Google's decision to delay the phase-out of third-party cookies until 2025, there is more time for investors and corporates to delve deep into innovative customer data strategies. 📈 In the private equity sector, with the increased focus on driving value creation through operational levers, customer data is a vital asset for uncovering new opportunities. Given changes in consumer behaviour and tightening data privacy regulations, strategic usage of data is more important than ever. 🔗 Swipe on the slides below to explore the seven trends. We can work with you to create tailored data strategies aligned with business objectives and value creation levers. #PrivateEquity #CustomerData #Innovation #Strategy #Singulier #InvestmentTrends2024

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I’m very proud to announce that AP4 has once again been recognized as the Sovereign Wealth Fund of the Year at the Sustainable Investment Awards! I truly believe that our model, which fully integrates sustainable investments across all parts of the organization—most notably the investment teams—is the only way to truly leverage sustainable investing. Our global equities portfolio significantly reduces its carbon footprint by much more than half, and we use forward-looking carbon metrics to align the portfolio with 2-degree targets. Despite having made significant progress in integrating sustainability into our investment process, our work continues. In systematic equities, we aim to integrate scope 3, green opportunities, and physical risks moving forward. Our main global equity portfolio has outperformed its benchmark by over 14% since inception. This demonstrates that with a well-structured and efficient portfolio, it is possible to implement a sustainable equity strategy while still achieving significant alpha. https://lnkd.in/dJBSgNvM

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 🚀 OSS Ventures Secures €8.5 Million to Propel the Future of Operations 💡 We are thrilled to announce that OSS Ventures has successfully secured €8.5 million in our latest funding round! This milestone was made possible by our esteemed investors, including Tikehau Capital, Bpifrance on behalf of French Tech Accélération 2, Etablissements Peugeot Frères, and visionary business angels like Max Pog. 🌿 At OSS Ventures, we are driven by a mission to make industrial operations not just more efficient, but also adaptive and future-ready. We envision factories where technology and human ingenuity combine to create sustainable solutions that meet the challenges of tomorrow. 🌎 Our vision extends beyond technological advancement. We're committed to transforming the very foundation of how goods are produced, addressing critical challenges like climate change and working conditions in the process.  Since our inception in 2019, we've launched 15 startups, invested in four external projects, and our innovative solutions are now empowering over 40,000 operators across nearly 2,200 industrial sites worldwide. 🔧 "Operations account for 25% of the world GDP, yet only a fraction of startup funding goes to this sector. This funding round is pivotal as we aim to scale our impact globally thanks to our esteemed investors for their confidence, » says Renan Devillieres, our CEO. 🙌 A huge thank for the trust and support of our investors and to every team member, partner, and supporter who is part of this transformative journey. #OSSVentures #Innovation #Fundraising #FutureOfManufacturing Francois Lavaste Romain FRIEDMAN Pierre GILLET Frédéric Villain Ulysse Laroche Pierre GILLET Océane Fleury Renan Devillieres

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We are delighted to be mentioned in this article on Indosuez Wealth Management published by Paperjam 😊 In this interview, Isabelle Waty Head of Innovation for IndoSuez Europe and Group Head of Client Experience, discusses how innovations in #technology and #ai help to drive optimisation of the #clientexperience and add value across the group. 💪 We are so proud to have them as a client! 😁 Lingua Custodia provides enterprise licences for banks and #financialinstitutions so that all their employees can access our technology. Our specialised #financialdocumentprocessing platform provides #innovative document processing technologies such #translation, #speechtotext and #dataextraction, enhancing #efficiency and #productivity. #genai #fintech #france #finance

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Industrial Startup Studio OSS Ventures Raises €8.5M #OSSVentures, a Paris-based industrial #startup studio, has successfully raised €8.5 million in its latest funding round. This funding was led by Tikehau Capital, France 2030’s French Tech Accélération 2 fund (Bpifrance), Etablissements Peugeot Frères, and business angels including Max Pog. With this new capital, OSS Ventures has now amassed a total of €11 million. Founded by Renan Devillieres, OSS Ventures partners with industrial companies to enhance productivity, improve product quality, and address the climate crisis. The studio works closely with industries, visiting sites weekly to identify challenges and develop co-created solutions. They recruit founders and co-build startups, investing €300K to €500K for a 25-30% equity stake, and provide comprehensive support through all growth stages. Since its inception in late 2019, OSS Ventures has launched 15 startups and invested in four additional projects. Their innovative solutions are currently used by over 40,000 operators monthly across nearly 2,000 industrial sites worldwide, with a significant presence in France, Europe, and the US. The 19 startups under OSS Ventures' umbrella generate a collective annual recurring revenue (ARR) of €25 million. With the new funding, OSS Ventures aims to establish five startups annually, focusing on expansion in Europe and the US, and targeting significant international clientele by 2027. This strategic move not only positions OSS Ventures as a key player in industrial innovation but also underscores the growing importance of tech-driven solutions in enhancing industrial operations and addressing global challenges. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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