Paris-based Daphni, a mission-driven venture capital firm and certified B Corp, has announced the first closing of its new fund, Blue, at €200M.
The Blue Fund aims to support around 40 startups working on sustainability by integrating science, software, and hardware. It focuses on helping European scientific innovations transition from research to market.
Daphni has already invested in startups such as Pasqal, Airthium, Moonwatt, Epigene Labs, and Pruna AI. The firm follows a founder-centric approach, leveraging a network of over 400 experts to help startups scale.
The firm expects to close Blue at €250M by year-end and is fundraising for Time4, a new initiative focused on breaking financing barriers.
Besides, Daphni is also expanding its technological platform, FLAMEL, integrating AI to filter investment opportunities. In addition, Dastore, its fund with Carrefour, has completed 20 investments in retail innovation, with 20 more planned.
Daphni: Everything you need to know
Daphni focuses on investing in startups that introduce new usage models across industries. The firm is sector-agnostic, emphasising innovation, scalability, and sustainability.
The firm primarily invests in early-stage companies, with funding ranging from €0.5M to €10M. It prioritises startups with strong market potential in Europe and beyond. The firm also supports businesses integrating technology with user-driven solutions, considering both professional and personal applications.
Daphni manages multiple funds, including daphni Purple, daphni Yellow, and Dastore, investing in companies such as Back Market, Memo Bank, Leocare, and Pasqal.
With over €500M under management, Daphni continues to support entrepreneurs building solutions for a more sustainable future.
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