Candice du Fretay, a former early-stage investor at Accel's European team, has launched a solo GP fund called Outlier Grove. The firm has already raised $10 million toward its $20 million target for its angel and seed fund.
- Outlier Grove aims to support European B2B tech startups expanding into the US market. It will focus on helping companies engage with the US market early.
- The fund plans to invest in up to 25 companies at the angel and seed stages over the next four years, with ticket sizes ranging from $200,000 to $500,000.
- The focus is helping these startups engage early with the US market to accelerate their growth and improve their chances of becoming global category leaders.
- The fresh fund saw backing from institutional investors, family offices, operators, and C-suite execs from 25 high-profile US scaleups, including Anthropic, Google, Datadog, OpenAI, and Stripe.
"Before launching Outlier Grove, I spent a decade in the US and then returned to Europe as an early-stage investor. I saw first-hand that Europe’s leading B2B companies achieved global success through early engagement with the US market, and wanted to draw on my experience and network to help more European outliers shine on the global stage," explains Candice du Fretay.
