White Star Capital

About White Star Capital

White Star Capital is a global multi-stage technology venture capital platform with a London presence and a transatlantic identity reflected in its name (a reference to the original White Star Line). The firm was founded in 2014 by Eric Martineau-Fortin, Christian Hernandez and Jean-François Marcoux. Headquarters operate on a hub-and-spoke model with offices in New York, London, Paris, Tokyo, Montreal, Toronto and Hong Kong. The fund-management structure includes a Guernsey-domiciled platform alongside operating advisory entities in key hubs. Across its fund families White Star Capital manages over USD 1 billion in committed capital (approximately €950 million as of December 2024). The firm operates four primary fund vehicles: Venture Fund I (early-stage Series A/B), Fund II (USD 180 million), Fund III (USD 360 million final close), the Digital Asset Fund (USD 50 million target for web3 and crypto-native) and a North American Seed Fund (USD 50 million first close completed in 2025). White Star Capital has completed 210-plus investments and 23 portfolio exits since inception, with two unicorns in its current portfolio (MUBI achieved unicorn status in 2025 and TIER Mobility).

Investment thesis

White Star Capital invests in mission-driven technology founders building category-defining global companies. The core thesis is Series A and B early-growth entry in firms with proven product-market fit, with the firm transatlantic and Asia-Pacific footprint marketed as a competitive advantage for portfolio companies seeking cross-border expansion. Sectors of focus include consumer technology, fintech and embedded finance, marketplace and e-commerce platforms, SaaS and vertical software, gaming and entertainment-tech, mobility, web3 and digital assets (via the dedicated vehicle), and applied artificial intelligence. Cheque sizes typically range from USD 5 to 15 million for the venture fund leading or co-leading Series A and B rounds, with the seed fund writing USD 500,000 to 2 million tickets. Geography is multi-region: North America (US and Canada), Western Europe (UK, France, DACH, Nordics), Japan and the Asia-Pacific corridor. The limited partner base is institutional and global, anchored historically by CDPQ (La Caisse) of Quebec alongside European pension funds, Japanese strategic LPs, family offices and entrepreneurs. Value creation centres on a structured cross-border platform: dedicated portfolio support helping companies open new geographic markets, talent introductions across hubs, follow-on financing coordination and operational playbooks for go-to-market expansion.

Recent activity

Recent investments include Alfred in technology (Series A, 2026), Veesion in computer vision and retail-tech (Series B, 2025), OatFi in fintech and embedded finance (Series A, 2024) and Flare in technology and SaaS (Series B, 2024). Recent exits include DICE in consumer tech and live entertainment (2025), Freshly in food-tech and consumer (2020), Meero in creator economy and SaaS (partial realisation) and Dollar Shave Club in consumer and e-commerce. The platform continues to deploy across North America, Western Europe, Japan and Asia-Pacific at the seed through Series B stages. Detailed buyer names and multiple data available on Pro at €29/month.