Fabrice Grinda at LeWeb in 2011
|Born||3 August 1974|
|Occupation||Entrepreneur, Business Angel|
Fabrice Grinda (born 3 August 1974) is a French entrepreneur, investor and Business Angel. He was born in Boulogne Billancourt to a family from Nice and grew up in Nice before leaving to study at Princeton in the United States.
Grinda was born in Boulogne Billancourt in France After growing up in Nice, where he graduated high school C Massena in 1992, he left France to follow university studies at Princeton University economics which he was the best in his class and received a number of distinctions such as price Halbert White '72 which awards the most distinguished student, or Summa Cum Laude price equivalent to the honours, and the Wolf Prize, which rewards the best Belleisen thesis.
To ﬁnance his studies, Grinda created an export informatic materials company from U.S. to Europe, named Princeton International computer, and it closed in 1996. Then integrated the consulting ﬁrm New York, McKinsey & Company from 1996 to 1998 before came back France where he founded the company aucland.fr.
Aucland was a web auction website French online, created by Grinda and Sacha Fosse-Parisis July 17, 1998, whose majority shareholder was the web investment funds Europe @ Bernard Arnault, amounting to 18 million dollars for their ﬁrst collected funds. Fabrice Grinda Aucland left in October 2000 and sold his shares in the company, the investment of Arnaud Bernard’s funds.
In 2000, he returned to the United States where he founded Zingy, a mobile media start-up which saw exceptional growth from 2001 to 2005, with a turnover of $1 million (2002) to $5 million (2003); and from $50 million (2004) to $200 million (2005). On June 30, 2004, Grinda sold Zingy for $80 million Japanese media conglomerate For-side, and remained CEO until November 30, 2005.
In 2006, Grinda co-founded the company with Alex Oxenford OLX, hosting free classiﬁeds based in New York and Buenos Aires. In 2010, the site was acquired by the South African group Naspers. End of 2012, Grinda left his executive position with OLX The largest classiﬁed ad website in India, Pakistan, Brazil and Portugal with over 100 million unique visitors per month. OLX is over 400 staff based between Buenos Aires, Sao Paulo, New Delhi, New York, Amsterdam, Cape Town and Islamabad.
Grinda is also an Angel Investor; he invested in start-ups as Alibaba group, BrightRoll, Viajanet, Windeln, Wikimart and Beepi . But also in young start-ups at heights between 100 000 and 1 million in the following countries: United States, Brazil, France, Germany, UK, Russia, China and Turkey. Grinda total invested in over 124 companies in over 10 countries, for a total of more than 7 million.