European venture capital firm Truffle Capital has appointed Patrick Kron as its new chairman.
Kron replaces Henri Moulard who becomes honorary chairman.
"Truffle Capital has built its success on a strategy unique among European venture capital firms, combining an investor's approach with an entrepreneurial perspective," says Kron. "We plan on continuing Truffle's development by raising more funds and integrating institutional investors and family offices. I look forward to contributing to the creation and growth of young SMEs by focusing on high-tech companies, notably in France, with strong global growth potential."
"After a 57-year career, I am now pleased to hand over the firm to Patrick Kron," says Moulard. "Philippe Pouletty, Bernard-Louis Roques and I have succeeded in creating a friendly, effective and lasting partnership over the past 15 years. With the support of our outstanding team, the visionary entrepreneurs with whom we collaborate, and the investors and managers who have honoured us with their trust, we are building life-changing companies. I was always guided by the conviction that the banker's noblest responsibility was to take risks in investing in the capital of private entrepreneurs who are the only true creators of wealth. I wish Patrick every success in his new mission."
"We are delighted to welcome Patrick Kron as chairman of Truffle Capital," add Dr Philippe Pouletty and Bernard-Louis Roques, co-founders and managing directors of Truffle Capital. "He will further strengthen our entrepreneurial and industrial DNA, centred on creating, financing and developing highly innovative start-ups. We warmly thank our friend and partner Henri Moulard for helping us build a renowned venture capital company.”
