Daphni is a mission-driven venture capital firm based in Paris, France, specializing in early-stage investments in technology and digital startups across Europe. Founded in 2015, Daphni has amassed over €500 million in assets under management.
Daphni invests in European early-stage startups with strong international ambitions, focusing on sectors such as technology, digital transformation, sustainability, and impact. The firm is sector-agnostic, seeking innovative companies that are developing disruptive services or products around new usage for consumer or prosumer customers.
In March 2025, Daphni announced the first close of its third fund, Daphni Blue, securing €200 million. The fund aims to reach a final close of €250 million by the end of the year. Limited partners in this fund include Crédit Mutuel Arkéa, Bpifrance, the European Investment Fund, PRO BTP, and Swen Capital Partners.
Daphni plans to invest in 40 early-stage startups, particularly those dedicated to climate transition and sustainability in fields such as life sciences, biology, physics, chemistry, and mathematics.
Leadership
Daphni is managed by founding partner Pierre-Eric Leibovici.
Investment Strategy
Daphni's investment strategy is centered around supporting companies that contribute to making the world better for future generations. The firm focuses on new usage, investing in European DNA companies, and is sector, industry, and model agnostic. Daphni seeks singular projects with high potential, believing that innovation can improve the world we live in.
Notable Investments
Daphni has invested in several notable startups, including:
Notable Exits
Daphni has achieved several successful exits, including investments in companies like Back Market, Blablacar, Beendhi, Fretlink, and Ouicar, all of which contribute to making the world better for future generations.
