Hong Kong-based venture capital firm Nest has opened operations in Paris to support early-stage technology businesses in France, while expanding its international start-up eco-system.
Ethan Pierse, Managing Partner of Nest France, commented: “The FrenchTech startup scene has developed rapidly over the past two years and now is the optimal time for Nest to help startups reach their maximum potential through access to their global resources. Currently there are more than 50 accelerators and incubators and hundreds of co-working spaces in Paris plus the city is a focal point for European venture funding. We believe that Nest’s access to Asian capital and expertise will add another element to the entrepreneurial community here.”
Nest CEO Simon Squibb added, “Paris is the heart of the FrenchTech startup community and is already home to thousands of aspiring founders and successful companies. It is also a perfect testing ground for locally-focused startup models.”
Paris&Co helps the company connect to the innovation network in Paris.