Resonance is a new $150 million VC fund based in Paris

If you live in Paris, there is a new venture capital fund. The $150 million fund is backed by Otium Capital.

Otium Capital is familiar to you. The office is owned by Pierre-Edouard Stérin. Smartbox Group was founded in 2003 by Stérin and another person. He has a lot of money.

Over the years, the Otium Capital family office has made a number of startup investments.

Pay Fit and Owkin were investments. The venture team at Otium decided to create their own fund in 2019.

Otium Capital's tech focused VC fund will be called Resonance. The fund's day-to- day activities will be managed by two people.

Le Dantec worked on deals with GitGuardian, Kili Technology, and Request. He used to be a Principal at XAnge and he invested in several companies.

A range of 100,000 to 10 million will be focused on by Resonance. The team will be based in Paris.

The team is against spraying and praying. Instead, it will focus on a few investments each year so that it can provide the right level of support on various topics.

The main advantage is that there is only one backer. Because your limited partners have defined a short life cycle for your VC fund, you don't have to spend a lot of capital every year.

There isn't going to be a specific tech vertical that Resonance focuses on. It can invest in anything from enterprise software to fintech, web3 consumer and software-as-a-service products for the small and medium-sized business market.