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Daphni

Daphni

Paris, France·Founded 2015··daphni.com

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.

AUM
€1.0B
Funds
5
vintages 2016–2025
Portfolio
81
Exits
13

Daphni is a Paris venture capital firm with €1.0B AUM, 81 active companies and 13 exits.

Key takeaways
  • ·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 companies
E-commerce
14 · 15%
AI/ML
12 · 13%
ClimateTech
12 · 13%
Biotech
6 · 6%
Fintech
6 · 6%
FoodTech
5 · 5%
HR Tech
5 · 5%
EdTech
4 · 4%

Geography breakdown

6 geographies
France
84 · 89%
UK
4 · 4%
US
3 · 3%
Brazil
1 · 1%
Germany
1 · 1%
UAE
1 · 1%

Key facts

HQParis, France
Founded2015
Websitedaphni.com

Recent exits

Daphni sold Ida to RELEX Solutions in 2025 after 2 years.

Daphni sold Masteos to Novaxia in 2024 after 3 years.

Daphni exited Goshaba in 2024 after 6 years.

Daphni exited Gabsee in 2023 after 5 years.

Partners

Pierre-Eric LeiboviciCo-founder & Managing Partner

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.

Pierre-Eric Leibovici
Co-founder & Managing Partner

Funds & portfolio

Every fund Daphni has raised, with its portfolio companies. Hand-checked from public filings.

5 funds
Daphni Blue
VC2025€260M13 assets

Unrealized

13 held
CompanyEntry
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
Time4
VC20254 assets

Unrealized

4 held
CompanyEntry
Flotte
E-commerce · France
2026
Leviathan Dynamics
ClimateTech · France
2026
vorteX-io
ClimateTech · France
2026
Wish One
Mobility · France
2026
Dastore
VC202219 assets1 exits

Unrealized

19 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Ida
FoodTech · France
20232025Trade SaleRELEX Solutions–
Daphni YellowHarvesting
VC202028 assets1 exits

Unrealized

28 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Masteos
PropTech · France
20212024Trade SaleNovaxia–
Daphni PurpleHarvesting
VC2016€170M17 assets11 exits

Unrealized

17 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Agricool
AgTech · France
20162022Trade SaleVif Systems–
Context
AI/ML · France
20172021Trade SaleIntegral Ad Science–
Foxintelligence
Data & Analytics · France
20162021Trade SaleNielsenIQ–
Fretlink
Logistics · France
20172022Trade SaleFRETBAY–
Gabsee
AI/ML · France
20182023–––
Goshaba
HR Tech · France
20182024–––
Holberton
Education · US
20162022Trade SaleAfrican Leadership Group–
Keakr
Consumer · France
20172023–––
Less
Mobility · France
20172018Trade SaleBlaBlaCar–
Pazzi
FoodTech · France
20172022SecondaryJMEB Invest Holding AG–
Shine
Fintech · France
20172020Trade SaleSociete 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.
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Last updated August 2026 · Sourced from public filings · Report an issue