OneRagtime
OneRagtime 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).
Key facts
Recent exits
Coverage notes
4 funds tracked, 44 portfolio companies (34 active · 10 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
44 companiesFunds & 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 |
|---|---|---|---|
| TMT |  France | 2024 | |
| Software | France | 2022 | |
| Industrials | France | 2018 | |
| TMT | France | 2023 | |
| Industrials | France | 2022 | |
| Software | France | 2025 |
France· Entry 2024France· Entry 2022France· Entry 2018France· Entry 2023France· Entry 2022France· Entry 2025OneRagtime Rhapsody IIVC2021 · 5yr€40M13 active · 2 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software | France | 2022 | |
| Consumer | France | 2020 | |
| Healthcare | France | 2019 | |
| Software | France | 2022 | |
| Software | France | 2020 | |
| TMT |  US | 2021 | |
| AI/ML | France | 2021 | |
| Consumer | France | 2024 | |
| Software | France | 2021 | |
| Software | France | 2024 | |
| Consumer | France | 2022 | |
| Industrials | France | 2023 | |
| Software | France | 2019 |
France· Entry 2022France· Entry 2020France· Entry 2019France· Entry 2022France· Entry 2020US· Entry 2021France· Entry 2021France· Entry 2024France· Entry 2021France· Entry 2024France· Entry 2022France· Entry 2023France· Entry 2019OneRagtime Fund IVCRealized2019 · 7yr€30M13 active · 1 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2019 | |
| Software | France | 2022 | |
| Software | France | 2022 | |
| Financials | France | 2022 | |
| Financials | France | 2024 | |
| Financials | France | 2022 | |
| Software | France | 2021 | |
| TMT | France | 2018 | |
| Telecom | France | 2018 | |
| Software | France | 2018 | |
| Consumer | France | 2022 | |
| EdTech | France | 2019 | |
| Software | France | 2019 |
France· Entry 2019France· Entry 2022France· Entry 2022France· Entry 2022France· Entry 2024France· Entry 2022France· Entry 2021France· Entry 2018France· Entry 2018France· Entry 2018France· Entry 2022France· Entry 2019France· Entry 2019OneRagtime Rhapsody IVCRealized2017 · 9yr€30M2 active · 7 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2017 | |
| TMT | France | 2017 |
France· Entry 2017France· Entry 2017Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| InsurTech | France | 2017 | 2022 | Secondary | – | ||
| Software | France | 2021 | 2024 | Trade Sale | – | ||
| AI/ML | France | 2017 | 2023 | Trade Sale | – | ||
| TMT |  UK | 2019 | 2023 | Trade Sale | – | ||
| Fintech | France | 2019 | – | Trade Sale | – | ||
| Fintech |  Spain | 2019 | 2023 | Trade Sale | – | ||
| TMT | France | 2015 | 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.
Similar firms
Other private equity firms tracked on GP Intel.
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