Daphni
Daphni is a Paris-based, B Corp-certified venture capital firm founded in 2015 that backs seed to Series A startups across consumer, fintech, health, food, climate and deep tech, and is known for its community-powered, mission-driven model. It manages close to EUR 1 billion across funds including Purple, Yellow, the science-focused Blue, the Carrefour-backed Dastore and the Time4 diversity fund, with portfolio companies such as Back Market, Swile, Pasqal and Memo Bank.
Daphni is a Paris venture capital firm with €1.0B AUM, 81 active companies and 13 exits.
- ·11 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 13 realized deals: 4 years.
- ·Fund cadence: ~2Y between vintages · last raise 2025.
Sector breakdown
94 companiesGeography breakdown
6 geographiesKey facts
Recent exits
Partners
Coverage notes
5 funds tracked, 94 portfolio companies (81 active · 13 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Daphni has raised, with its portfolio companies. Hand-checked from public filings.
Daphni BlueVC2025€260M13 assetsVC2025 · 1yr€260M13–
Unrealized
13 held| Company | Entry |
|---|---|
| AMI Labs AI/ML · France | 2026 |
| Astral Systems ClimateTech · UK | 2026 |
| baCta Biotech · France | 2026 |
| Certo AI/ML · France | 2026 |
| Everdye ClimateTech · France | 2025 |
| Generare Biotech · France | 2026 |
| GraphTx Biotech · France | 2026 |
| Karavela AI/ML · France | 2025 |
| Neotis Biotech · France | 2025 |
| Owlo MedTech · France | 2025 |
| Relief AI/ML · France | 2025 |
| Ternary Therapeutics Biotech · France | 2025 |
| TerraSpark ClimateTech · France | 2026 |
Time4VC20254 assetsVC2025 · 1yr–4–
Unrealized
4 held| Company | Entry |
|---|---|
| Flotte E-commerce · France | 2026 |
| Leviathan Dynamics ClimateTech · France | 2026 |
| vorteX-io ClimateTech · France | 2026 |
| Wish One Mobility · France | 2026 |
DastoreVC202219 assets1 exitsVC2022 · 4yr–191
Unrealized
19 held| Company | Entry |
|---|---|
| Albatross E-commerce · France | 2024 |
| Alpa E-commerce · France | 2025 |
| Badge E-commerce · France | 2023 |
| Dema E-commerce · France | 2023 |
| Dift Fintech · France | 2022 |
| Emfas E-commerce · France | 2026 |
| Emperia E-commerce · UK | 2022 |
| Just Fintech · France | 2024 |
| Kleio AI/ML · France | 2025 |
| Kwords SaaS · France | 2025 |
| Logistica OS Logistics · France | 2025 |
| Ng.cash Fintech · Brazil | 2024 |
| Piston AI/ML · France | 2025 |
| Poolday AI/ML · France | 2023 |
| Prediko E-commerce · UK | 2023 |
| Subscribfy E-commerce · France | 2023 |
| Underdog E-commerce · France | 2022 |
| Voltfang ClimateTech · Germany | 2023 |
| Waysia FoodTech · France | 2022 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Ida FoodTech · France | 2023 | 2025 | Trade Sale | RELEX Solutions | – |
Daphni YellowHarvestingVC202028 assets1 exitsVC2020 · 6yr–281
Unrealized
28 held| Company | Entry |
|---|---|
| Airthium ClimateTech · France | 2023 |
| Animaj TMT · France | 2022 |
| Ankar LegalTech · France | 2024 |
| Apiday ClimateTech · France | 2024 |
| CarbonMaps ClimateTech · France | 2023 |
| Codigo AI/ML · France | 2021 |
| Edumapper EdTech · France | 2025 |
| Epyr ClimateTech · France | 2024 |
| Faume E-commerce · France | 2022 |
| Flow48 Fintech · UAE | 2022 |
| H Company AI/ML · France | 2024 |
| Hubcycle FoodTech · France | 2021 |
| Kerys Software Cybersecurity · France | 2025 |
| Kolet Telecom · France | 2023 |
| Leocare InsurTech · France | 2021 |
| Marshmallow Project EdTech · France | 2024 |
| Modjo SaaS · France | 2021 |
| Moonwatt ClimateTech · France | 2024 |
| Pasqal Deep Tech · France | 2021 |
| Pruna AI/ML · France | 2024 |
| Rocapine HealthTech · France | 2024 |
| Sora PropTech · France | 2023 |
| Starton DevTools · France | 2022 |
| Stockly E-commerce · France | 2021 |
| Tilt ClimateTech · France | 2025 |
| Welfaire InsurTech · France | 2021 |
| Wilgo EdTech · France | 2025 |
| Witco PropTech · France | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Masteos PropTech · France | 2021 | 2024 | Trade Sale | Novaxia | – |
Daphni PurpleHarvestingVC2016€170M17 assets11 exitsVC2016 · 10yr€170M1711
Unrealized
17 held| Company | Entry |
|---|---|
| AnotherBrain Deep Tech · France | 2017 |
| Antescofo EdTech · France | 2018 |
| Back Market E-commerce · France | 2017 |
| Beendi FoodTech · France | 2018 |
| Butterfly.ai HR Tech · US | 2016 |
| Comet HR Tech · France | 2018 |
| CozyCozy Hospitality · France | 2018 |
| Double HR Tech · US | 2018 |
| Epigene Labs Biotech · France | 2019 |
| Fifteen Mobility · France | 2019 |
| Geev E-commerce · France | 2018 |
| Hemea PropTech · France | 2019 |
| Lifen HealthTech · France | 2017 |
| Memo Bank Fintech · France | 2017 |
| Swile HR Tech · France | 2016 |
| Trusk Logistics · France | 2019 |
| Zoe HealthTech · UK | 2017 |
Realized
11 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Agricool AgTech · France | 2016 | 2022 | Trade Sale | Vif Systems | – |
| Context AI/ML · France | 2017 | 2021 | Trade Sale | Integral Ad Science | – |
| Foxintelligence Data & Analytics · France | 2016 | 2021 | Trade Sale | NielsenIQ | – |
| Fretlink Logistics · France | 2017 | 2022 | Trade Sale | FRETBAY | – |
| Gabsee AI/ML · France | 2018 | 2023 | – | – | – |
| Goshaba HR Tech · France | 2018 | 2024 | – | – | – |
| Holberton Education · US | 2016 | 2022 | Trade Sale | African Leadership Group | – |
| Keakr Consumer · France | 2017 | 2023 | – | – | – |
| Less Mobility · France | 2017 | 2018 | Trade Sale | BlaBlaCar | – |
| Pazzi FoodTech · France | 2017 | 2022 | Secondary | JMEB Invest Holding AG | – |
| Shine Fintech · France | 2017 | 2020 | Trade Sale | Societe Generale | – |
About Daphni
Daphni is a French venture capital firm headquartered in Paris with €500 million of assets under management as of December 2024. Founded in 2015, the firm deploys institutional capital across early-stage and selective growth-stage equity rounds in European technology companies, with sector focus spanning TMT, software, consumer, healthcare, financials, business services and energy.
Investment thesis
Daphni targets European and selectively global early-stage and growth-stage technology companies across TMT, software, consumer, healthcare, financials, business services and energy, deploying institutional venture capital across seed, Series A and Series B rounds. The firm emphasises hands-on operational support during the post-investment value-creation phase, leveraging founder and operator partners alongside institutional capital to support international expansion and category leadership across France and selectively across Europe. Average equity tickets vary by stage with reserve capital preserved for follow-on rounds across the platform.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 5 fund vehicles, 67 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does Daphni focus on?
- Daphni focuses on VC strategies in the private equity space.
- How many portfolio companies does Daphni have?
- Daphni has 81 active portfolio companies and 13 completed exits and 5 funds tracked on GP Intel.
- Where is Daphni headquartered?
- Daphni is headquartered in Paris, France.
- What is Daphni's assets under management?
- Daphni manages approximately €1.0B in assets under management.
- When was Daphni founded?
- Daphni was founded in 2015.
- What sectors does Daphni invest in?
- Daphni invests across Consumer, Software, Healthcare, Financials, Energy.
- What are Daphni's recent exits?
- Recent realized exits by Daphni include: Ida (2025) to RELEX Solutions; Masteos (2024) to Novaxia; Agricool (2022) to Vif Systems; Fretlink (2022) to FRETBAY; Holberton (2022) to African Leadership Group; Pazzi (2022) to JMEB Invest Holding AG; Context (2021) to Integral Ad Science; Foxintelligence (2021) to NielsenIQ.
Similar firms
Other private equity firms tracked on GP Intel.