Nest Venture Capital Open For Business In Paris
Hong Kong’s leading early-stage VC expands reach to give FrenchTech companies access to Asian capital and support.
Venture capital firm Nest (www.nest.vc), has opened operations in Paris to support the local startup eco-system and help early stage French businesses in their pursuit of success and growth. Through sharing its knowledge, providing access to funding and facilitating connections with other successful entrepreneurs, Hong Kong-based Nest will bring its experience to France to enable local startups to scale rapidly.
Nest France will be headed-up by managing partner, Ethan Pierse. The locally based entrepreneur and skilled marketer has over 20 years of experience in digital marketing strategy with brands including Coca-Cola, HP, BP, Delta Airlines, and is also a successful entrepreneur himself, having previously built a series of e-commerce companies. In recent years Ethan has dedicated his time to helping FrenchTech startups develop their offering internationally, with a specific focus on expansion to the US market.
Nest has pioneered a unique ecosystem in Hong Kong, providing a range of resources to help businesses scale, including specialised services in marketing, strategy, funding and network development. Ethan will be responsible bringing this suite of services to Western Europe’s most promising entrepreneurs. Nest is also pioneering corporate accelerators in Asia, currently operaing three 12-week mentor-driven programmes in Hong Kong with insurance giant, AIA, DBS Bank and with Nissan’s luxury car marque Infiniti.
Ethan Pierse, managing partner Nest France said, “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.”
He adds, “Given the demand for our accelerators in Hong Kong, we envisage running similar programmes in Paris and we are currently engaged with a number of corporates which have a mission to support the future of technology and innovation in France and across Europe.
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. With its global acceleration model, world-class mentors and access to international capital – Nest hopes to empower the pioneering startups created by French entrepreneurs and help them scale and expand internationally.”
Founded in 2010, Nest is Hong Kong’s only private, full service startup incubator and investor. Through the pillars of marketing, strategy, funding, and network, Nest has created a unique ecosystem that supports startups on their path to success by enabling them to scale rapidly. In addition to providing capital, Nest prepares startups for growth, further fundraising, as well as new market expansion. With an eye for the truly disruptive, Nest is actively involved in all of its companies and drives them to reach their full potential, consequently fostering the startup ecosystem locally and developing Hong Kong as a global entrepreneurial hub.
More recently Nest has been at the forefront of developing accelerator programs with leading corporates in Asia. The 12-week, cohort-based programmes are designed to advance startups in the HealthTech, FinTech and Smart Cities sectors and include mentorship and educational components before culminating in a public demo day.
Nest is aggressively expanding its global reach and now has presence in London, Nairobi, Paris, Singapore and San Francisco. For all the companies Nest has invested in, go to www.angel.co/nest-investments/.