Eurazeo

Investor Presentation Released: Eurazeo

AI parsed presentation narrative: Eurazeo is accelerating its transformation into a leading asset-light investment manager, evidenced by 78% of AUM now coming from third parties and a successful scaling of institutional fundraising. The firm is focused on driving higher management fees and EBITDA growth while maintaining a robust program to return 2.3 billion euros to shareholders by 2027. Strategic pillars: Asset Management Scaling, Business Transformation (Balance Sheet to 3rd Party).

Gradium raises $100M seed, Nvidia invests

Paris-based AI voice startup Gradium reopened its seed round to new investors, including Nvidia, and has raised $100 million in total for the round. The company says it will use the funding to open a Bay Area office and hire talent there. Gradium launched from stealth in December with an initial $70 million from investors including FirstMark Capital, Eurazeo, DST Global Partners, Eric Schmidt and Xavier Niel. The startup was spun out of French AI lab Kyutai and is co-founded by researcher Neil Zeghidour. Gradium builds voice AI models designed to deliver voice at scale with ultra-low latency and says it has secured customers such as Renault. Competitors named include ElevenLabs and major model makers like Google.

Nest New York Brings Layerable Fragrances to UK

Nest New York is expanding its layerable fragrance assortment into the U.K., launching through retailers Cult Beauty, Harrods, Selfridges and John Bell & Croyden. The New York-based brand — founded in 2008 by Laura Slatkin and now majority-owned by an investor group led by North Castle Partners — is promoting a multi-format 'fragrance layering' strategy across perfume oils, eau de parfums, body mists and home fragrances. Fine fragrance has grown from 15% to 30% of Nest’s revenue over the past three years, with a goal of 50% by 2028. Nest reports multi-format shoppers generate $404 in 24-month lifetime value versus $200 for single-format eau de parfum buyers. The U.K. launch will include paid and organic creator activity timed to Wimbledon and in-store and online availability depending on the retailer.