Roundtable raises funding spherical on Roundtable

French startup Roundtable has raised a $3.2 million (€3 million) funding spherical from 100 enterprise angels. That’s fairly a big group of particular person traders — however that’s as a result of Roundtable runs an angel funding platform for European startups. Backed by eFounders, the corporate takes care of the executive, authorized and monetary processes concerned with startup investments.

Roundtable isn’t the primary funding platform targeted on startup investments. Particularly, AngelList popularized the idea of group investments with AngelList Syndicates. Primarily, an angel investor brings an funding alternative to the platform and different angels can comply with the lead angel on a deal-by-deal foundation.

AngelList isn’t the one firm facilitating startup funding. As an illustration, within the U.Ok., Seedrs and Odin additionally handle fundraising offers for startups.

Roundtable particularly focuses on European startups and works notably properly for startups primarily based in France, Belgium, the Netherlands and Luxembourg. When traders wish to purchase shares in a startup, Roundtable units up a particular goal automobile (SPV) primarily based in France or Luxembourg. The angel who’s in control of the SPV can determine to allocate some carried curiosity from different traders within the automobile.

The platform at the moment charges 1% of the quantity raised by the automobile with a minimal of €5,000 and a most of €15,000. There are additionally some charges concerned with secondary gross sales. Up to now, the corporate’s first few months have fairly good as Roundtable has already dealt with greater than 100 offers. It represents €50 million in property underneath administration.

Due to the social options of the platform, influential angels carry offers and leverage their networks to extend the quantities raised. Among the most energetic angels on the platform embody Roxanne Varza who created a neighborhood of feminine enterprise angels, Pieter-Jan Bouten within the Belgian tech ecosystem, Christopher Zemina within the Germany/Austria area, Aircall co-founder Olivier Pailhes in Spain, Paul Lê, and many others.

Many of those angels invested in Roundtable itself. And there has already been one exit for a Roundtable funding — House tug startup Launcher was acquired by Huge (see TechCrunch’s coverage of the deal).

Total, this isn’t the most important funding spherical of the 12 months. However I’m positive Roundtable will come up increasingly more in funding conversations going ahead.