FDJ United
FDJ United Ventures is the corporate venture capital arm of FDJ United plc, the European gaming group rebranded March 2025 from La Francaise des Jeux SA following the EUR 2.45bn acquisition of Kindred Group in October 2024. Launched November 2015 (initially as FDJ Ventures) with around EUR 111M deployment capacity, it makes direct minority investments of EUR 300k to EUR 3M from pre-seed through Series A. Themes include Gaming and Betting, Digital Acceleration, AI and New Tech, Retailtech, Fintech and Tech for Good. The V13 INVEST predecessor vehicle (EUR 30M launched late 2019 delegated to Serena Capital) was rolled into FDJ United Ventures post-rebrand. Confirmed exits include Leonardo AI 2024 Trade Sale to Canva (around USD 349M) and Life Beyond Studios 2022 Trade Sale to Animoca Brands. HQ Boulogne-Billancourt France.
Key facts
Recent exits
Coverage notes
1 fund tracked, 9 portfolio companies (6 active · 3 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund FDJ United has raised, with its portfolio companies. Hand-checked from public filings.
FDJ VenturesVC2015 · 11yr€111M6 active · 3 realized
Unrealized
6 heldRealized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Leonardo AI | Software | Australia | 2023 | 2024 | Trade Sale | – | |
| Life Beyond Studios | Software | US | 2020 | 2022 | Trade Sale | – | |
| Mantra | Software | France | 2021 | 2025 | Trade Sale | – |
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About FDJ United
FDJ United is a French venture capital firm headquartered in Paris with capital deployed across 5 active fund vehicles. 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, financials and business services.
Investment thesis
FDJ United targets European and selectively global early-stage and growth-stage technology companies across TMT, software, consumer, financials and business services, 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, 15 active portfolio companies and 0 realised exits across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€196.0BFrance·€13.2BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0BFrance·€3.0BFrance·€2.8BFrance·€2.6BFrance·€2.5BFrance·€2.1BFrance·€2.0B