Paris-based venture capital firm Daphni is making bold moves to drive sustainability-focused innovation.

With the initial closing of its third fund, named Blue, the firm has secured €200 million in commitments, positioning itself as a key player in funding startups that blend science and technology to tackle global sustainability challenges.

Who’s Backing the Fund?

Daphni has attracted a diverse group of Limited Partners (LPs), including well-known financial institutions and private investors.

Some of the major contributors include Bpifrance, Crédit Mutuel Arkéa, the European Investment Fund (EIF), MGEN, PRO BTP Groupe, SWEN Capital Partners, family offices, and tech entrepreneurs.

This strong backing highlights the confidence in Daphni’s mission to drive meaningful change through venture funding.

Supporting Game-Changing Startups

With its latest fund, Daphni plans to invest in approximately 40 startups that are pioneering solutions for sustainability.

The firm has already built a strong track record in this sector, with companies like Pasqal, Airthium, Moonwatt, Epigene Labs, and Pruna AI in its portfolio.

These startups are innovating in areas such as energy efficiency, biotechnology, and artificial intelligence, all contributing to a more sustainable future.

Fundraising Target and Future Plans

Daphni isn’t stopping at €200 million—the firm aims to reach €250 million by the end of the year.

This additional capital will allow for further investments in breakthrough technologies and scalable solutions that address pressing environmental and societal challenges.

The Team Driving the Mission

A dedicated team of experienced investors is leading this ambitious initiative. The investment team includes:

Shabir Vasram
Pierre-Yves Meerschman
Eric Leibovici
Stanislas Lot
Paul Bazin
Pierre-Eric Leibovici

What’s Next?

As the fund continues to grow, Daphni is expected to expand its influence in the sustainability sector, supporting cutting-edge startups that blend science, technology, and impact-driven solutions.

With the final closing on the horizon, all eyes are on the firm’s next investments and the innovative breakthroughs they will help bring to life.