Varsity Capital
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.
Key facts
Recent exits
No exits recorded yet.
Coverage notes
1 fund tracked, 14 portfolio companies (14 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.
Varsity I LPVC2024 · 2yr€75M14 active
Unrealized
14 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Akka | Financials | Spain | 2025 |
| Bohr Energie | Energy | France | 2024 |
| C12 Quantum Electronics | TMT | France | 2024 |
| Equos | Software | France | 2025 |
| Iteration X | Software | France | 2025 |
| Kalipso | Software | UK | 2025 |
| Kog | Software | France | 2024 |
| Mizou | Software | France | 2024 |
| Pharaday | Software | France | 2024 |
| Quiet | Software | France | 2024 |
| Revo | Software | US | 2025 |
| Rockfi | Financials | France | 2024 |
| Sensinov | Energy | France | 2024 |
| Tamtam | Software | France | 2025 |
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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. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
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France·€196.0BFrance·€13.2BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0BFrance·€3.0BFrance·€2.8BFrance·€2.6BFrance·€2.5BFrance·€2.1BFrance·€2.0B