Serena Capital
Serena Capital is a Paris-based venture capital firm founded in 2008 that invests primarily in seed to series B technology-related companies across Europe and North America. It manages over €1 billion in assets and supports startups with operational expertise and a large C-level community.
Key facts
Recent exits
Coverage notes
6 funds tracked, 114 portfolio companies (71 active · 43 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Serena Capital has raised, with its portfolio companies. Hand-checked from public filings.
EntourageVC2026 · 0yr€75M0 active
No portfolio companies tracked yet.
Serena IVVC2025 · 1yr€200M1 active
Racine²VC2023 · 3yr€85M25 active · 1 realized
Unrealized
25 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 8Sec | TMT | France | 2024 |
| Accenta | TMT | France | 2023 |
| CarbonFarm | TMT | France | 2022 |
| Clevergy | TMT | France | 2024 |
| DESKi | TMT | France | 2024 |
| Edgee | TMT | France | 2023 |
| Educ-up | Software | France | 2022 |
| Electra | TMT | France | 2020 |
| Goodvest | Financials | France | 2024 |
| H Company | Deep Tech | France | 2024 |
| Implicity | Healthcare | France | 2019 |
| Inato | Healthcare | France | 2019 |
| Jimmy | Energy | France | 2020 |
| kelvin | TMT | France | 2022 |
| Kotcha | TMT | France | 2024 |
| Lifen | Healthcare | France | 2018 |
| Lokki | Consumer | France | 2019 |
| May | TMT | France | 2022 |
| Norbert Health | Healthcare | France | 2024 |
| Opsmill | TMT | France | 2024 |
| Polaron | TMT | France | 2024 |
| Poppins | TMT | France | 2024 |
| Rainbow | TMT | France | 2018 |
| Santé Académie | Healthcare | France | 2024 |
| Switstack | Software | US | 2024 |
Serena IIIGrowth2018 · 8yr€250M43 active · 40 realized
Unrealized
43 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Acheel | TMT | France | 2021 |
| Acinq | TMT | France | 2019 |
| Bitstack | Software | France | 2021 |
| Boxy (ex-Storelift) | TMT | France | 2019 |
| Brigad | Business Services | France | 2016 |
| Cloud Ex Machina | TMT | France | 2024 |
| Cometh | TMT | France | 2022 |
| CybelAngel | TMT | France | 2017 |
| Dataiku | TMT | US | 2015 |
| DeepIP | TMT | France | 2023 |
| Descartes Underwriting | Financials | France | 2019 |
| Dotfile | TMT | France | 2021 |
| Fipto | TMT | France | 2023 |
| Formality | TMT | France | 2023 |
| Full Speed Automation | TMT | France | 2024 |
| Joy (ex-Privateaser) | Consumer | France | 2015 |
| Kardinal | Business Services | France | 2020 |
| Kili Technology | TMT | France | 2021 |
| Klarys | TMT | France | 2024 |
| Kleio | TMT | France | 2024 |
| Kotzilla | TMT | France | 2023 |
| Luxurynsight | Software | France | 2024 |
| Malt | Business Services | France | 2019 |
| Memo Bank | Financials | France | 2017 |
| Metrobloks | TMT | France | 2024 |
| Mindee | TMT | France | 2018 |
| MONI (Ex-Monisnap) | Financials | France | 2017 |
| Naftiko | TMT | France | 2026 |
| Odaseva | TMT | US | 2020 |
| Onibi | TMT | France | 2024 |
| PandaScore | TMT | France | 2015 |
| Pelico | TMT | France | 2019 |
| Powder | TMT | France | 2018 |
| Pretto | Financials | France | 2017 |
| Probabl | TMT | France | 2024 |
| PyannoteAI | TMT | France | 2024 |
| Quandela | TMT | France | 2022 |
| Roofline | TMT | France | 2024 |
| Sarus | TMT | France | 2022 |
| Underdog | Industrials | France | 2024 |
| Waiv | Healthcare | France | 2024 |
| Wazo | TMT | Canada | 2017 |
| Wecasa | Consumer | France | 2016 |
Realized
40 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Alkemics | TMT | France | 2011 | 2023 | Trade Sale | – | |
| Allo-Media | TMT | France | 2014 | 2015 | – | – | – |
| AramisAuto | Consumer | France | 2001 | 2016 | Trade Sale | – | |
| Arlettie | Consumer | France | 2015 | 2020 | – | – | – |
| Bestmile | TMT | Switzerland | 2014 | 2020 | Trade Sale | – | |
| Bonitasoft | TMT | France | 2014 | 2023 | Trade Sale | – | |
| Cheerz | Consumer | France | 2015 | 2021 | Trade Sale | – | |
| Coachclub | TMT | France | 2012 | 2016 | – | – | – |
| Coorpacademy | Software | France | 2013 | 2022 | Trade Sale | – | |
| Darewise | TMT | France | 2020 | 2022 | Trade Sale | – | |
| Elium | TMT | France | 2017 | – | – | – | – |
| Emmi AI | TMT | Austria | 2024 | 2026 | Trade Sale | – | |
| Finalcad | TMT | France | 2007 | 2023 | Trade Sale | – | |
| Habiteo | TMT | France | 2016 | 2022 | Trade Sale | – | |
| Hull | TMT | France | 2013 | 2017 | Trade Sale | – | |
| iBanFirst | Financials | France | 2013 | 2023 | Secondary | – | |
| iContainers | TMT | France | 2018 | 2021 | Trade Sale | – | |
| Jam.gg | TMT | France | 2021 | 2024 | – | – | – |
| Kiute | Business Services | France | 2019 | 2022 | Trade Sale | – | |
| Koyeb | TMT | France | 2022 | 2026 | Trade Sale | – | |
| LaFourchette | Consumer | France | 2007 | 2014 | Trade Sale | – | |
| Launchmetrics | TMT | Spain | 2015 | 2017 | Trade Sale | – | |
| Lengow | TMT | France | 2014 | 2022 | Secondary | – | |
| Leonardo.ai | TMT | US | 2023 | 2025 | Trade Sale | – | |
| Melty | TMT | France | 2014 | 2019 | Trade Sale | – | |
| PixelMe | TMT | France | 2017 | 2022 | Trade Sale | – | |
| Prestashop | TMT | France | 2007 | 2021 | Trade Sale | – | |
| Prixtel | TMT | France | 2017 | 2018 | MBO | – | – |
| Qualtera | TMT | France | 2017 | 2020 | Trade Sale | – | |
| Quantilia | Financials | France | 2017 | 2022 | – | – | – |
| RSI Video Technologies | TMT | France | 2000 | 2014 | Trade Sale | – | |
| Seiza | TMT | France | 2024 | 2025 | Trade Sale | – | |
| Selectron | TMT | Switzerland | 2013 | 2016 | Trade Sale | – | |
| Sequans | TMT | France | 2003 | 2023 | Trade Sale | – | |
| Shadow | TMT | France | 2020 | 2024 | Trade Sale | – | |
| Silvr | TMT | France | 2022 | 2024 | Trade Sale | – | |
| TextMaster | TMT | France | 2014 | 2018 | Trade Sale | – | |
| TVTY | TMT | France | 2009 | 2019 | Trade Sale | – | |
| Uptime | TMT | France | 2016 | 2022 | – | – | – |
| Vekia | TMT | France | 2016 | 2022 | – | – | – |
Serena Data VenturesVC2017 · 9yr€80M0 active · 1 realized
Serena IVC2008 · 18yr€70M2 active · 1 realized
Unrealized
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About Serena Capital
Serena Capital is a Paris-based European venture capital firm with over €1 billion of assets under management as of December 2024, founded in 2008. The firm invests primarily in seed to Series B technology-related companies across Europe and selectively North America, with a multi-vintage track record supporting European tech innovation across multiple sub-verticals from enterprise software through climate technology to creative AI platforms.
Investment thesis
Serena Capital targets European and selectively North American technology companies at seed and Series A-B stages, deploying equity tickets typically ranging from €1 million to €15 million per investment depending on stage and sub-vertical. Sector focus spans enterprise software, AI/ML, fintech, climate technology and creative tools, with the platform's multi-decade experience enabling pattern recognition across multiple technology cycles. Selective follow-on investments support portfolio companies through Series C and beyond.
Recent activity
Recent realised exits include Koyeb (TMT, 2026), Leonardo.ai (TMT, 2025), Pelico (TMT, 2025) and Seiza (TMT, 2025), reflecting strong 2025-2026 distribution momentum across the technology venture portfolio. The platform tracks 4 funds, 68 active portfolio companies and 44 realised exits across the multi-vintage European VC track record. 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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