Korelya Capital
Korelya Capital is a Paris-based growth-stage venture capital firm founded September 2016 by Fleur Pellerin (former French Minister for Digital Economy 2012-2014 and Culture 2014-2016). The firm manages over EUR 800M across K-Fund I 2016 EUR 200M plus K-Fund II 2021 EUR 200M plus Korelya Brands 2023 lifestyle fund, anchored by Naver Corp (KOSPI 035420) and Line as primary LPs. Korelya partners with European tech leaders to scale into Asian markets via offices in Paris (101 rue Reaumur), London, Seoul and Singapore. Sector focus spans deep tech, consumer marketplaces, mobility, fintech, healthcare and digital lifestyle. Notable bets include Mistral AI, Bolt, Ledger, Devialet, Glovo, Vestiaire Collective plus confirmed exits Wallapop 2025 to Naver Corp around EUR 600M and Snips 2019 to Sonos USD 37.5M. SIREN 822718649 AMF GP-18000003.
Key facts
Recent exits
Coverage notes
2 funds tracked, 32 portfolio companies (26 active · 6 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
32 companiesFunds & portfolio
Every fund Korelya Capital has raised, with its portfolio companies. Hand-checked from public filings.
K-Fund IIVC2021 · 5yr€200M16 active · 2 realized
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer |  France | 2021 | |
| AI/ML | France | 2026 | |
| Consumer |  Germany | 2022 | |
| AI/ML | France | 2025 | |
| Consumer | Germany | 2022 | |
| PropTech | Germany | 2023 | |
| Healthcare |  Spain | 2024 | |
| Software |  Sweden | 2025 | |
| AI/ML | France | 2024 | |
| Consumer | South Korea | 2024 | |
| Financials |  UK | 2022 | |
| TMT | South Korea | 2024 | |
| HealthTech | France | 2022 | |
| Deep Tech | Spain | 2026 | |
| Consumer | France | 2023 | |
| Industrials |  US | 2023 |
France· Entry 2021France· Entry 2026Germany· Entry 2022France· Entry 2025Germany· Entry 2022Germany· Entry 2023Spain· Entry 2024Sweden· Entry 2025France· Entry 2024UK· Entry 2022France· Entry 2022Spain· Entry 2026France· Entry 2023US· Entry 2023K-Fund IVC2016 · 10yr€200M10 active · 4 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT |  Netherlands | 2018 | |
| Consumer | Estonia | 2018 | |
| Consumer | France | 2016 | |
| Consumer | Germany | 2019 | |
| Consumer | Spain | 2019 | |
| Software | France | 2017 | |
| Financials | France | 2018 | |
| Software | UK | 2018 | |
| Software | France | 2018 | |
| Consumer | France | 2020 |
Netherlands· Entry 2018France· Entry 2016Germany· Entry 2019Spain· Entry 2019France· Entry 2017France· Entry 2018UK· Entry 2018France· Entry 2018France· Entry 2020Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Software | France | 2017 | 2026 | Trade Sale | – | ||
| Software | France | 2018 | 2026 | Trade Sale | – | ||
| Software |  Belgium | 2019 | 2025 | Secondary | – | ||
| TMT | France | 2017 | 2019 | Trade Sale | – |
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About Korelya Capital
Korelya Capital is a French venture capital firm headquartered in Paris with capital deployed across 2 active fund vehicles. Founded in 2016, 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 and business services.
Investment thesis
Korelya Capital targets European and selectively global early-stage and growth-stage technology companies across TMT, software, consumer, healthcare 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
Recent realised exits include Devialet (TMT, 2025). The platform tracks 2 fund vehicles, 21 active portfolio companies and 2 realised exits across the strategy's history. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€700MGet the full picture on Korelya Capital.
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