LBO France makes its first investment with its new Proptech Fund – a fund that is overseen by Stéphanie Casciola, who is the firm’s head of real estate. Through its NewStone fund, LBO France committed 5 million euros in Series B financing to Zeplug.
Founded in 2014, Zeplug installs charging points for electric and hybrid vehicles in co-owned buildings and companies. It will use the capital to further its development. Zeplug has nearly 1,000 active points in its installed base of more than 500 co-owned buildings. In a statement, Stéphanie said that Zeplug “is positioned as a pioneer in e-vehicle recharging equipment” and is “right in the core strategy” of the new fund.
LBO France will look to deploy the NewStone fund in 15 startups. Stéphanie said launching the new fund “was a natural decision” given the sector and operational expertise of LBO France’s real estate teams.
Stéphanie, a partner, has been with LBO France since 2003.