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Backup closes the 2.7M€ second fundraising round of its tax fund COFICUP

2007-01-01

 

COFICUP's second fundraising round under the SOFICA scheme has gathered underwriters for an investment capacity of 2,7M€ in 2007 for French-qualifying films including non-French speaking films. COFICUP total fund now exceeds the US$ 5M figure.

This will enable COFICUP to commit to larger investments on more films, still focusing on its two well established investment schemes : gap financing for independent feature films against international sales recoupment position only ; and co-financing non-French speaking co-productions against French recoupment position.

Investments decisions will be made by the same investment board as in 2006, involving founder Backup Films and renowned advisors from leading French dsitributors and sales agents.

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