French Fund ISAI Brings Together 70 Entrepreneurs to Invest in Commerce Guys
Saturday, December 11, 2010; 7:41 AM
The French entrepreneurs' fund, ISAI, has just announced that its investing in Commerce Guys, a Franco-American company that develops open source Drupal e-commerce solutions. This is the third investment for the fund run by some 70 French entrepreneurs from these companies, which previously invested in carpooling platform Covoiturage and the high-class online marketplace, InstantLuxe. And while the transaction amount has not been disclosed, I'll venture a wild guess that it most likely lies between the ?500,000 and ?1.5 million range - which would be in-line with the rest of ISAI's investments.