Daphni secures $215M for its third fund

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March 25, 2025, 5:00 AM

• •French VC firm Daphni has raised €200 million for its new fund, Daphni Blue.
• •The firm plans to invest in another 40 startups with the new capital.
• •Daphni wants to put an emphasis on science as the main factor for the next wave of innovation.

French VC firm Daphni is announcing the first closing of its new fund, Daphni Blue. The firm has raised €200 million (around $215 million at current exchange rates). It expects to raise as much as €250 million ($270 million) by the end of the year. Some of Daphni’s most remarkable past investments include Back Market, Swile, Hubcycle and Pasqal. Overall, the firm has invested in 70 European startups since 2015. With its latest fund, Daphni plans to invest in another 40 startups. Limited partners in Daphni Blue include Crédit Mutuel Arkéa, Bpifrance, the European Investment Fund, PRO BTP and Swen Capital Partners.

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