OneRagtime
OneRagtime is a Paris-based seed and early-growth venture capital firm founded in February 2017 by Stephanie Hospital, formerly head of Orange Digital Business Unit, and Jean-Marie Messier, the former Vivendi Universal CEO. The firm received AMF management-company approval in 2020 and operates through a hybrid investment platform combining traditional VC funds (Rhapsody I 2017, Fund I 2019, Rhapsody II 2021, Paragon 2023) with club-deal SPVs that allow its community of 300 plus investors and 100 plus entrepreneur-LPs to co-invest deal-by-deal. 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, fintechs) and deeptech/AI verticals (cloud, cybersecurity, data). With approximately EUR 150M in regulated AUM and 50 plus portfolio companies, OneRagtime has produced one unicorn (Jellysmack) and nine confirmed exits as of 2025 including Zenly (2017 Snap), Glose (2021 Medium), Plus Simple (2022 KKR LBO), Woonivers (2023 Sipay Plus), Loopsider (2023 Czech Media Invest), Gestoos (2023 PreAct), Aster (2024 DiliTrust), Sonio (2024 Samsung Medison), and Mantra (2025 Cyber Guru). The FPCI Paragon fund received TIBI 2 qualification. SIREN 827695453 SAS HQ 10 rue de Madrid 75008 Paris plus Barcelona office.
Key facts
Recent exits
Coverage notes
4 funds tracked, 44 portfolio companies (34 active · 10 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 · 3yr€50M6 active
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Groover | TMT | France | 2024 |
| Hivenet | Software | France | 2022 |
| Mayane Labs | Industrials | France | 2018 |
| Motion Society | TMT | France | 2023 |
| Pickme | Industrials | France | 2022 |
| PoliCloud | Software | France | 2025 |
OneRagtime Rhapsody IIVC2021 · 5yr€40M13 active · 2 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Buster.Ai | Software | France | 2022 |
| Chooseapp.io | Consumer | France | 2020 |
| Exactcure | Healthcare | France | 2019 |
| Hive | Software | France | 2022 |
| Homa Games | Software | France | 2020 |
| Medium | TMT | US | 2021 |
| Miralia | AI/ML | France | 2021 |
| Monde Singulier | Consumer | France | 2024 |
| Navee | Software | France | 2021 |
| Rippletide | Software | France | 2024 |
| Staycation | Consumer | France | 2022 |
| Stokelp | Industrials | France | 2023 |
| Yogosha | Software | France | 2019 |
OneRagtime Fund IVC2019 · 7yr€30M13 active · 1 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Antescofo | TMT | France | 2019 |
| Avostart | Software | France | 2022 |
| Benefiz | Software | France | 2022 |
| Dift | Financials | France | 2022 |
| Estaly | Financials | France | 2024 |
| HelloSafe | Financials | France | 2022 |
| LoneScale | Software | France | 2021 |
| MatchTune | TMT | France | 2018 |
| Onoff | TMT | France | 2018 |
| Phantombuster | Software | France | 2018 |
| Shotgun | Consumer | France | 2022 |
| Studytracks | EdTech | France | 2019 |
| Zar | Software | France | 2019 |
OneRagtime Rhapsody IVC2017 · 9yr€30M2 active · 7 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Jellysmack | TMT | France | 2017 |
| Make.org | TMT | France | 2017 |
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| +Simple | Financials | France | 2017 | 2022 | Secondary | – | |
| Aster | Software | France | 2021 | 2024 | Trade Sale | – | |
| Gestoos | AI/ML | France | 2017 | 2023 | Trade Sale | – | |
| Loopsider | TMT | United Kingdom | 2019 | 2023 | Trade Sale | – | |
| Woleet | Fintech | France | 2019 | – | – | – | – |
| Woonivers | Fintech | Spain | 2019 | 2023 | Trade Sale | – | |
| Zenly | TMT | France | – | 2017 | Trade Sale | – |
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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. Detailed buyer names and multiple data available on Pro at €29/month.
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