Paris-based Gaia Capital Partners has increased the target of its debut tech fund from €200m to €300m, pushing the final close of Gaia Growth I, previously set for this summer, to the end of this year. So far, the vehicle has raised more than €100m in its first close, the firm said.

The “growing interest from new investors over the recent months” and the access to government funding, has made the venture capital firm seek a more ambitious goal, Elina Berrebi, Gaia’s co-founder, told Private Equity News.