What investment strategy does Varsity Capital focus on?

Varsity Capital focuses on VC strategies in the private equity space.

How many portfolio companies does Varsity Capital have?

Varsity Capital has 18 active portfolio companies and 1 fund tracked on GP Intel.

Where is Varsity Capital headquartered?

Varsity Capital is headquartered in Paris, France.

What is Varsity Capital's assets under management?

Varsity Capital manages approximately €75M in assets under management.

When was Varsity Capital founded?

Varsity Capital was founded in 2023.

What sectors does Varsity Capital invest in?

Varsity Capital invests across Software, Financials, Energy, Healthcare, TMT.

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Varsity Capital

Paris, France·Founded 2023·

Venture Capital

·varsity.vc

Varsity Capital is a Paris-based seed-stage venture capital firm founded in 2023 by Didier Valet (former Deputy CEO of Societe Generale) alongside Kamel Zeroual and Florent Thomas (both former Serena Capital operators). Authorised by AMF in December 2023 under code GP-202312 (SIREN 952801744 SAS capital EUR 500k HQ 24 rue de Caumartin 75009 Paris). The firm closed a first EUR 75M on its inaugural fund Varsity I in February 2024 with a EUR 150M final target. Varsity Capital writes EUR 500k to 6M tickets in roughly thirty European startups across fintech healthtech climate tech and enterprise software, with two-thirds of fund capital reserved for Series A and B follow-ons. Institutional LPs include Bpifrance MACSF Sogecap Credit Agricole Assurances and Elevation Capital Partners. Notable early investments include Rockfi C12 Quantum Electronics Bohr Energie Quiet Tamtam Kalipso and Equos.

AUM

€75M

Funds

vintages 2024

Portfolio

Exits

Varsity Capital is a Paris venture capital firm with €75M AUM and 18 active companies.

SectorsSoftware Financials Energy Healthcare TMT

Sector breakdown

18 companies

Software

8 · 44%

ClimateTech

2 · 11%

Financials

1 · 6%

TMT

1 · 6%

LegalTech

1 · 6%

Business Services

1 · 6%

Fintech

1 · 6%

Geography breakdown

4 geographies

France

15 · 83%

Spain

1 · 6%

Key facts

HQParis, France

Founded2023

Websitevarsity.vc

Recent exits

No exits recorded yet.

Coverage notes

1 fund tracked, 18 portfolio companies (18 active · 0 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Varsity Capital has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Varsity I LP

VC2024€75M18 assets

2024 · 2yr

€75M

–

Unrealized

18 held

Company	Entry
Akka Financials · Spain	2025
AlloBrain France	–
Bageera France	–
Bohr Energie ClimateTech · France	2024
C12 Quantum Electronics TMT · France	2024
Equos Software · France	2025
Hoora Games France	–
Iteration X Software · France	2025
Kalipso LegalTech · UK	2025
Kog Software · France	2024
MeltingSpot Business Services · France	2026
Mizou Software · France	2024
Pharaday Software · France	2024
Quiet Software · France	2024
Revo Software · US	2025
Rockfi Fintech · France	2024
Sensinov ClimateTech · France	2024
Tamtam Software · France	2025

About Varsity Capital

Varsity Capital is a venture capital platform based in Paris with €70 million of assets under management as of December 2024 and a founding year of 2023. The firm targets European and selectively global technology companies across financials, healthcare and software, with capital deployed across early-stage and Series A/B rounds alongside institutional limited partners.

Investment thesis

The platform deploys venture capital into financials, healthcare and software 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

Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 2 fund vehicles, 26 active portfolio companies and 0 realised exits across the strategy's history.

Frequently asked questions

What investment strategy does Varsity Capital focus on?: Varsity Capital focuses on VC strategies in the private equity space.
How many portfolio companies does Varsity Capital have?: Varsity Capital has 18 active portfolio companies and 1 fund tracked on GP Intel.
Where is Varsity Capital headquartered?: Varsity Capital is headquartered in Paris, France.
What is Varsity Capital's assets under management?: Varsity Capital manages approximately €75M in assets under management.
When was Varsity Capital founded?: Varsity Capital was founded in 2023.
What sectors does Varsity Capital invest in?: Varsity Capital invests across Software, Financials, Energy, Healthcare, TMT.