OneRagtime
PARIS, FranceOneRagtime is a Paris-based seed and early-growth venture capital firm founded in February 2017 by Stephanie Hospital, formerly head of Orange's digital business unit, and Jean-Marie Messier, the former Vivendi Universal CEO, with an additional office in Barcelona. AMF-approved as a management company in 2020, it operates a hybrid platform combining traditional VC funds (Rhapsody I 2017, Fund I 2019, Rhapsody II 2021, Paragon 2023) with club-deal SPVs allowing its community of more than 300 investors and 100 entrepreneur-LPs to co-invest deal by deal; the FPCI Paragon fund is Tibi 2 qualified. OneRagtime targets European startups from Seed to Series B with initial tickets of EUR 0.5M to EUR 3M as lead or co-lead investor, focusing on AI-augmented platforms (marketplaces, creator economy, fintech) and deeptech and AI verticals (cloud, cybersecurity, data). With approximately EUR 150M in regulated AUM and more than 50 portfolio companies, it has produced one unicorn (Jellysmack) and nine exits as of 2025, including Zenly (2017, Snap), Glose (2021, Medium), Plus Simple (2022, KKR), Woonivers (2023, Sipay Plus), Loopsider (2023, Czech Media Invest), Aster (2024, DiliTrust), Sonio (2024, Samsung Medison) and Mantra (2025, Cyber Guru).
OneRagtime is a PARIS venture capital firm with €150M AUM, 32 active companies and 15 exits.
- ·13 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 14 realized deals: 4 years.
- ·Fund cadence: ~2Y between vintages · last raise 2023.
Sector breakdown
47 companiesGeography breakdown
5 geographiesKey facts
Coverage notes
4 funds tracked, 47 portfolio companies (32 active · 15 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund OneRagtime has raised, with its portfolio companies. Hand-checked from public filings.
OneRagtime FPCI ParagonVC2023€50M7 assets2 exitsVC2023 · 3yr€50M72
Unrealized
7 held| Company | Entry |
|---|---|
| Antimatter Software · France | 2026 |
| Campus Coach Canada | – |
| Elefantia France | 2025 |
| Groover TMT · France | 2024 |
| Mayane Labs Industrials · France | 2018 |
| Motion Society TMT · France | 2023 |
| Pickme Logistics · France | 2022 |
OneRagtime Rhapsody IIVC2021€40M10 assets5 exitsVC2021 · 5yr€40M105
Unrealized
10 held| Company | Entry |
|---|---|
| Buster.Ai Software · France | 2022 |
| Chooseapp.io Consumer · France | 2020 |
| Hive Software · France | 2022 |
| Homa Games Gaming · France | 2020 |
| Medium TMT · US | 2021 |
| Miralia AI/ML · France | 2021 |
| Monde Singulier Consumer · France | 2024 |
| Rippletide Software · France | 2024 |
| Staycation Hospitality · France | 2022 |
| Stokelp Industrials · France | 2023 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Exactcure HealthTech · France | 2019 | 2024 | Trade Sale | Quantum Genomics | – |
| Glose TMT · France | 2018 | 2021 | Trade Sale | Medium | – |
| Navee Software · France | 2021 | 2024 | Trade Sale | Corsearch | – |
| Sonio HealthTech · France | 2021 | 2024 | Trade Sale | Samsung Medison | – |
| Yogosha Cybersecurity · France | 2019 | 2026 | Trade Sale | Groupe Créative | – |
OneRagtime Fund IRealizedVC2019€30M13 assets1 exitsVC2019 · 7yr€30M131
Unrealized
13 held| Company | Entry |
|---|---|
| Antescofo TMT · France | 2019 |
| Avostart Software · France | 2022 |
| Benefiz HR Tech · France | 2022 |
| Dift Fintech · France | 2022 |
| Estaly InsurTech · France | 2024 |
| HelloSafe InsurTech · France | 2022 |
| LoneScale Software · France | 2021 |
| MatchTune TMT · France | 2018 |
| Onoff Telecom · France | 2018 |
| Phantombuster SaaS · France | 2018 |
| Shotgun Consumer · France | 2022 |
| Studytracks EdTech · France | 2019 |
| Zar Software · France | 2019 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Mantra Cybersecurity · France | 2021 | 2025 | Trade Sale | Cyber Guru | – |
OneRagtime Rhapsody IRealizedVC2017€30M2 assets7 exitsVC2017 · 9yr€30M27
Unrealized
2 held| Company | Entry |
|---|---|
| Jellysmack TMT · France | 2017 |
| Make.org TMT · France | 2017 |
Realized
7 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| +Simple InsurTech · France | 2017 | 2022 | Secondary | KKR | – |
| Aster HealthTech · France | 2021 | 2024 | Trade Sale | DiliTrust | – |
| Gestoos AI/ML · France | 2017 | 2023 | Trade Sale | PreAct | – |
| Loopsider TMT · UK | 2019 | 2023 | Trade Sale | Czech Media | – |
| Woleet Fintech · France | 2019 | – | Trade Sale | LAY3R | – |
| Woonivers Fintech · Spain | 2019 | 2023 | Trade Sale | Sipay | – |
| Zenly TMT · France | 2015 | 2017 | Trade Sale | Snap | – |
About OneRagtime
OneRagtime is a venture capital platform based in Paris with capital deployed across 7 active fund vehicles and a founding year of 2017. The firm targets European and selectively global technology companies across software, business services and consumer, with capital deployed across early-stage and Series A/B rounds alongside institutional limited partners.
Investment thesis
The platform deploys venture capital into software, business services and consumer categories with a focus on technology-enabled businesses across France and selectively across Europe. Investment focus spans seed and growth stages with capital deployed across multiple rounds per portfolio company, supporting founder teams through international scaling and selective M&A activity. The fund structure enables longer holding periods than typical venture vehicles, supporting category-leadership outcomes in technology platforms with global ambitions.
Recent activity
Recent realised exits include Mantra (TMT, 2025). The platform tracks 7 fund vehicles, 32 active portfolio companies and 1 realised exit across the strategy's history.
Frequently asked questions
- What investment strategy does OneRagtime focus on?
- OneRagtime focuses on VC strategies in the private equity space.
- How many portfolio companies does OneRagtime have?
- OneRagtime has 32 active portfolio companies and 15 completed exits and 4 funds tracked on GP Intel.
- Where is OneRagtime headquartered?
- OneRagtime is headquartered in PARIS, France.
- What is OneRagtime's assets under management?
- OneRagtime manages approximately €150M in assets under management.
- When was OneRagtime founded?
- OneRagtime was founded in 2017.
- What sectors does OneRagtime invest in?
- OneRagtime invests across TMT, Software, Consumer, Healthcare, Financials, Industrials.
- What are OneRagtime's recent exits?
- Recent realized exits by OneRagtime include: Hivenet (2026) to Antimatter; PoliCloud (2026) to Antimatter; Yogosha (2026) to Groupe Créative; Mantra (2025) to Cyber Guru; Exactcure (2024) to Quantum Genomics; Navee (2024) to Corsearch; Sonio (2024) to Samsung Medison; Aster (2024) to DiliTrust.
Similar firms
Other private equity firms tracked on GP Intel.
