# RAISE Secures €100 Million First Close for Medical Research Fund Targeting €200 Million

> RAISE raised €100 million at the first close of its Investir pour la Recherche Médicale fund, co-led by AXA.

- Published: 2026-11-08T01:32:45+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-08/raise-medical-research-fund-first-close
- Source: [The future of trading](https://capital.com/en-int/news/raise-secures-eur-100-million-at-first-close-of-medical)

## Key takeaways

- RAISE raised €100 million at the first close of Investir pour la Recherche Médicale, which targets €200 million.
- AXA, Banque des Territoires and Crédit Agricole Assurances co-led the fundraising, with other institutional and corporate investors participating.
- The fund will donate 50% of its first-year management fees and 50% of net gains to four medical research institutions.

RAISE raised €100 million at the first close of Investir pour la Recherche Médicale, a fund targeting €200 million, with AXA, Banque des Territoires and Crédit Agricole Assurances co-leading the fundraising. [The future of trading](https://capital.com/en-int/news/raise-secures-eur-100-million-at-first-close-of-medical) reported the first close on November 8, 2026.

## RAISE's Medical Research Fund and Its Co-Leads

[RAISE](https://akta.pro/company-profiles/00021wm/raise) said other institutional and corporate investors also participated in the first close alongside the three co-leads. The fund's strategy targets minority co-investments in buyouts and growth capital across France and Europe.

The fund will donate 50% of management fees from its first year, and four medical research institutions will receive 50% of net gains. [AXA](https://akta.pro/company-profiles/0000jkw/axa-group) and Crédit Agricole Assurances are among the named co-leads. Crédit Agricole Assurances appointed Philippe Toulorge as chief digital and customer marketing officer, MarketScreener reported on September 23, 2026; he has been on the executive committee since January 2022 and previously served as chief information officer within the group's insurance subsidiary.

## RAISE's Earlier Capital Increases

According to akta.pro [company records](https://akta.pro/company-data), RAISE Invest completed a €120 million capital increase in April 2024, bringing its own funds to €650 million. In March 2026, French savings institution Carac Group acquired a 30% minority stake in RAISE Group, while co-founders and management retained a 70% majority.

The same records list RAISE's assets under management at €2 billion across five investment strategies and more than 80 portfolio company equity investments since 2013. RAISE was founded in 2013 and is headquartered in Paris.

| Date | Event | Figure |
| --- | --- | --- |
| April 2024 | RAISE Invest capital increase | €120 million |
| April 2024 | RAISE Invest own funds after increase | €650 million |
| March 2026 | Carac Group minority stake in RAISE Group | 30% |
| March 2026 | Co-founders and management retained majority | 70% |
| November 2026 | Investir pour la Recherche Médicale first close | €100 million |
| November 2026 | Investir pour la Recherche Médicale target | €200 million |

## Fund Target and Research Donations

The fund is targeting €200 million in total, against the €100 million raised at the first close. Four medical research institutions will receive 50% of net gains, and the fund will donate 50% of management fees from its first year.

## Companies in this story

- [RAISE company profile](https://akta.pro/company-profiles/00021wm/raise) · website: http://www.raise.co
- [Credit Agricole Assurances company profile](https://akta.pro/company-profiles/0004j96/credit-agricole-assurances) · website: https://www.ca-assurances.com
- [AXA Group company profile](https://akta.pro/company-profiles/0000jkw/axa-group) · website: https://www.axa.com

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