Daphni, a Paris, France-based newly formed venture capital firm, is launching a €150m fund.
LPs in the fund include Bpifrance, Crédit Mutuel Arkéa, Société Générale, Fnac-Darty, Nokia, SWEN Capital Partners, ProBTP, MAIF, entrepreneurs and business angels.
Co-founded by Marie Ekeland, Pierre-Éric Leibovici, Mathieu Daix, Pierre-Yves Meerschman, and Willy Braun Daphni will make seed and Series A investments in European startups committing from €300k to €3m for each operation.
The investment thesis is well described in a dedicated post on the the firm’s blog. Daphni is sector agnostic and invests in European companies developing B2User, User2User and B2B2User solutions with partially proven product-market fit, a large addressable market, and an international strategy.
It targets shareholdings of 15–30%, less for more mature investments (series >= B).
In its activity, the firm leverages a platform, which works as a growth accelerator for LPs to access opportunities, select deals, be chosen by founders, and ensure best funding & exit options.