Lucile Cornet has been appointed accomplice with Eight Roads Ventures Europe, an organization focusing on startups in Europe and Israel. Cornet is its first female accomplice. Eight Roads is backed by Constancy and has over $6 billion sources beneath management globally.
Cornet will be focusing on the utility and fintech sectors and beforehand led a entire lot of investments for the company, having risen from associate to accomplice within 5 years. It’s an out of the modern career trajectory, as VC is infamous for having a “no succession” tradition, except partners successfully lift into funds.
Cornet commented: “I’m hugely optimistic about what is to advance for European technology entrepreneurs. We are seeing an increasing number of amazing founders and innovative companies across your entire European location with ambitions and abilities to change into world champions, and I preserve up for helping them scale up.”
Talking with TechCrunch, Cornet added: “I in spite of every thing feel so, so fortunate as a result of I believe we’ve been living all the intention in which thru a once in a lifetime transformation in fundamental in tech and likewise in Europe. To originate a few of those companies, and factual be fragment of the ecosystem has been not doubtless. I do know the intention noteworthy extra titillating things are going to be within the following couple of years.”
Cornet beforehand led investments into Spendesk, the Paris-essentially essentially based mostly exhaust management platform; Thinksurance, the Frankfurt-essentially essentially based mostly B2B insurtech; and Compte-Nickel, one of the most first European neobanks that became successfully obtained by BNP Paribas in 2017. She also sits on the boards of VIU Eyewear, OTA Insight and Fuse Modern.
France-born Cornet’s previous career involves funding banking, Summit Partners, and he or she joined Eight Roads Ventures in 2015. She became a “rising neatly-known particular person” on the GP Bullhound Investor of the Year Awards 2020.
Commenting, Davor Hebel, managing accomplice at Eight Roads Ventures Europe, said: “We are pleased with Lucile’s success to this point at Eight Roads. She has made a enormous impact in Europe and globally since becoming a member of the company. She has a immense work ethic and drive… identifying the ideal European companies and helping them scale into world winners. Her promotion also speaks to our desire to continue to fabricate our handiest funding talent and promote from within.”
Talking to me in an interview, Hebel added: “We continually believed in a moderately reasonably a good deal of advance and we’re announcing when we hire of us, even from the open, we need them to cling judgment, and we need them to cling that presence when they meet entrepreneurs. So it became continually fragment of the model for us to swear, we couldn’t hire many folks, but we in spite of every thing prefer them to cling the aptitude to grow and follow us and cling the toddle and the aptitude to set apart so.”
In 2020, Eight Roads Ventures Europe invested in Cazoo, Otrium, Spendesk, Odaseva and most no longer too lengthy within the past Tibber, finished eight note-on investments and exited Rimilia. The company also saw its portfolio company AppsFlyer reach a $2 billion valuation.