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, 115 portfolio companies (72 active · 43 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
115 companiesFunds & portfolio
Every fund Serena Capital has raised, with its portfolio companies. Hand-checked from public filings.
EntourageVCActive2026 · 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 |
|---|---|---|---|
| TMT |  France | 2024 | |
| TMT | France | 2023 | |
| TMT | France | 2022 | |
| TMT | France | 2024 | |
| TMT | France | 2024 | |
| TMT | France | 2023 | |
| SaaS | France | 2022 | |
| TMT | France | 2020 | |
| Fintech | France | 2024 | |
| Deep Tech | France | 2024 | |
| HealthTech | France | 2019 | |
| Biotech | France | 2019 | |
| ClimateTech | France | 2020 | |
| TMT | France | 2022 | |
| TMT | France | 2024 | |
| HealthTech | France | 2018 | |
| Hospitality | France | 2019 | |
| TMT | France | 2022 | |
| Healthcare | France | 2024 | |
| TMT | France | 2024 | |
| TMT | France | 2024 | |
| TMT | France | 2024 | |
| Telecom | France | 2018 | |
| Healthcare | France | 2024 | |
| Software |  US | 2024 |
France· Entry 2024France· Entry 2023France· Entry 2022France· Entry 2024France· Entry 2024France· Entry 2023France· Entry 2022France· Entry 2020France· Entry 2024France· Entry 2024France· Entry 2019France· Entry 2019France· Entry 2020France· Entry 2022France· Entry 2024France· Entry 2018France· Entry 2019France· Entry 2022France· Entry 2024France· Entry 2024France· Entry 2024France· Entry 2024France· Entry 2018France· Entry 2024US· Entry 2024Serena IIIGrowth2018 · 8yr€250M43 active · 40 realized
Unrealized
43 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2021 | |
| TMT | France | 2019 | |
| Software | France | 2021 | |
| TMT | France | 2019 | |
| HR Tech | France | 2016 | |
| TMT | France | 2024 | |
| Gaming | France | 2022 | |
| TMT | France | 2017 | |
| TMT | US | 2015 | |
| TMT | France | 2023 | |
| InsurTech | France | 2019 | |
| TMT | France | 2021 | |
| TMT | France | 2023 | |
| TMT | France | 2023 | |
| TMT | France | 2024 | |
| Hospitality | France | 2015 | |
| Business Services | France | 2020 | |
| TMT | France | 2021 | |
| TMT | France | 2024 | |
| TMT | France | 2024 | |
| TMT | France | 2023 | |
| Data & Analytics | France | 2024 | |
| HR Tech | France | 2019 | |
| Fintech | France | 2017 | |
| TMT | France | 2024 | |
| TMT | France | 2018 | |
| Fintech | France | 2017 | |
| TMT | France | 2026 | |
| TMT | US | 2020 | |
| TMT | France | 2024 | |
| Gaming | France | 2015 | |
| TMT | France | 2019 | |
| Gaming | France | 2018 | |
| Fintech | France | 2017 | |
| TMT | France | 2024 | |
| TMT | France | 2024 | |
| TMT | France | 2022 | |
| TMT | France | 2024 | |
| TMT | France | 2022 | |
| Industrials | France | 2024 | |
| Healthcare | France | 2024 | |
| Telecom | Canada | 2017 | |
| Consumer | France | 2016 |
France· Entry 2021France· Entry 2019France· Entry 2021France· Entry 2019France· Entry 2016France· Entry 2024France· Entry 2022France· Entry 2017US· Entry 2015France· Entry 2023France· Entry 2019France· Entry 2021France· Entry 2023France· Entry 2023France· Entry 2024France· Entry 2015France· Entry 2020France· Entry 2021France· Entry 2024France· Entry 2024France· Entry 2023France· Entry 2024France· Entry 2019France· Entry 2017France· Entry 2024France· Entry 2018France· Entry 2017France· Entry 2026US· Entry 2020France· Entry 2024France· Entry 2015France· Entry 2019France· Entry 2018France· Entry 2017France· Entry 2024France· Entry 2024France· Entry 2022France· Entry 2024France· Entry 2022France· Entry 2024France· Entry 2024France· Entry 2016Realized
40 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT | France | 2011 | 2023 | Trade Sale | – | ||
| TMT | France | 2014 | 2015 | MBO | – | ||
| Consumer | France | 2001 | 2016 | Trade Sale | – | ||
| Consumer | France | 2015 | 2020 | MBO | – | ||
| TMT |  Switzerland | 2014 | 2020 | Trade Sale | – | ||
| TMT | France | 2014 | 2023 | Trade Sale | – | ||
| Consumer | France | 2015 | 2021 | Trade Sale | – | ||
| TMT | France | 2012 | 2016 | MBO | – | ||
| SaaS | France | 2013 | 2022 | Trade Sale | – | ||
| Gaming | France | 2020 | 2022 | Trade Sale | – | ||
| TMT | France | 2017 | – | MBO | – | ||
| TMT |  Austria | 2024 | 2026 | Trade Sale | – | ||
| TMT | France | 2007 | 2023 | Trade Sale | – | ||
| TMT | France | 2016 | 2022 | Trade Sale | – | ||
| TMT | France | 2013 | 2017 | Trade Sale | – | ||
| Fintech | France | 2013 | 2023 | Secondary | – | ||
| TMT | France | 2018 | 2021 | Trade Sale | – | ||
| Gaming | France | 2021 | 2024 | – | – | – | |
| Business Services | France | 2019 | 2022 | Trade Sale | – | ||
| TMT | France | 2022 | 2026 | Trade Sale | – | ||
| Hospitality | France | 2007 | 2014 | Trade Sale | – | ||
| TMT |  Spain | 2015 | 2017 | Trade Sale | – | ||
| E-commerce | France | 2014 | 2022 | Secondary | – | ||
| TMT | US | 2023 | 2025 | Trade Sale | – | ||
| TMT | France | 2014 | 2019 | Trade Sale | – | ||
| TMT | France | 2017 | 2022 | Trade Sale | – | ||
| E-commerce | France | 2007 | 2021 | Trade Sale | – | ||
| TMT | France | 2017 | 2018 | MBO | – | ||
| TMT | France | 2017 | 2020 | Trade Sale | – | ||
| Fintech | France | 2017 | 2022 | MBO | – | ||
| TMT | France | 2000 | 2014 | Trade Sale | – | ||
| TMT | France | 2024 | 2025 | Trade Sale | – | ||
| TMT | Switzerland | 2013 | 2016 | Trade Sale | – | ||
| Telecom | France | 2003 | 2023 | Trade Sale | – | ||
| Gaming | France | 2020 | 2024 | Trade Sale | – | ||
| TMT | France | 2022 | 2024 | Trade Sale | – | ||
| TMT | France | 2014 | 2018 | Trade Sale | – | ||
| TMT | France | 2009 | 2019 | Trade Sale | – | ||
| TMT | France | 2016 | 2022 | Trade Sale | – | ||
| TMT | France | 2016 | 2022 | – | – | – |
Serena Data VenturesVC2017 · 9yr€80M1 active · 1 realized
Serena IVC2008 · 18yr€70M2 active · 1 realized
Unrealized
2 held
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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.
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France·€6.5BGet the full picture on Serena Capital.
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