There’s a new VC fund in town — at least if you live in Paris. Meet Resonance, a new $150 million fund (€150 million) backed 100% by Otium Capital.
You may already be familiar with Otium Capital. It is Pierre-Edouard Stérin’s family office. Back in 2003, Stérin co-founded Smartbox Group, the company behind many popular experience gift boxes. He still owns Smartbox Group today and has a lot of money.
With Otium Capital, the family office has a broad investment strategy from leveraged buy-outs to real estate — and it has done quite a few startup investments over the years.
Some past investments include PayFit and Owkin. But part of the venture team at Otium left to create their own fund in 2019 — Frst.
Resonance will become Otium Capital’s tech-focused VC fund going forward. Maxime Le Dantec and Alban Oudin will be managing the fund’s day-to-day activities.
Le Dantec was
