Multi-stage VC, Paris
Daphni
Venture capital firm · Paris · Founded May 2015
Quick read
Daphni is a multi-stage VC firm founded in 2015, headquartered in Paris, France. It backs tech startups from seed to Series A with a European DNA, focusing on new usages and deeptech with a strong science angle—biology, chemistry, physics, and life sciences. A B Corp-certified, mission-driven firm, it closed its latest fund, Daphni Blue, at €260 million in early 2026.
Key facts
- Founded
- May 2015
- Founders
- Pierre-Eric Leibovici, Michael Amar, Pierre-Yves Meerschman
- Employees
- 29
- Sectors
- generalist, consumer, ai, climate
- Website
- www.daphni.com/
Investment thesis
Daphni backs European tech startups from seed to Series A that drive new usages or deeptech breakthroughs—particularly in biology, chemistry, physics, and life sciences—with a measurable positive social or environmental impact. The firm is sector-agnostic but prioritises companies with strong international ambition and a science-forward angle.
Recent activity
- Jan 2026fundraiseDaphni closed its Daphni Blue fund at €260 million (second and final close), targeting science-driven startups from major European research institutions across techbio, physics, chemistry, mathematics, and life sciences. eu-startups.com
- Mar 2025fundraiseDaphni announced the first close of Daphni Blue at €200 million, its third flagship fund focused on fundamental research and deep science. everythingstartups.com
- May 2026investmentDaphni led a $4 million seed round in Certo, a beautytech startup automating regulatory compliance for beauty and CPG brands, alongside Transpose Platform and Motier. tracxn.com
- Apr 2026investmentDaphni co-led a €20 million Series A in Generare alongside Alven to accelerate molecule discovery. tracxn.com
- May 2026investmentDaphni led a $4M seed round in Certo, a Paris-based AI startup automating regulatory compliance for beauty and CPG brands. Entrepreneurs First, Motier Ventures, and Transpose Platform co-invested. techfundingnews.com
- Mar 2026investmentTerraSpark closed over €5M in pre-seed funding with Daphni participating, targeting space-based solar energy systems. tracxn.com
- Mar 2026investmentParis-based baCta raised €7M with Daphni participating alongside OVNI and LocalGlobe. baCta uses microorganisms as programmable molecular factories for industrial ingredients. tracxn.com
- Feb 2026investmentLondon-based Alpa raised $3.5M in a pre-seed round led by Daphni, with Firedrop and four other investors participating. tracxn.com
- Feb 2026fundraiseDaphni closed its Daphni Blue fund at €260M, focused on science-based startups in biology, chemistry, physics, mathematics, and life sciences. Bpifrance, CM Arkea, and the European Investment Fund backed the vehicle. cbinsights.com
- Jan 2026investmentDaphni's most recent tracked investment was in WISH ONE, recorded as an unattributed VC round on 31 January 2026. cbinsights.com
- Mar 2026investmentLed pre-seed round for TerraSpark, which raised over €5M for space-based solar energy systems. tracxn.com
- Mar 2026investmentParticipated in baCta's €7M raise; baCta uses microorganisms as programmable molecular factories for industrial ingredients. tracxn.com
Notable investments
- CertoSeedMay 2026tracxn.com
- GenerareSeries AApr 2026tracxn.com
- Ternary TherapeuticsSeedMar 2026startupintros.com
- TerraSparkPre-SeedMar 2026tracxn.com
- baCtaSeedMar 2026tracxn.com
- AlpaPre-SeedFeb 2026tracxn.com
- WISH ONEUnattributedJan 2026cbinsights.com
- Back Marketlinkedin.com
- Pasqallinkedin.com
- Geevlinkedin.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Pierre-Eric Leibovici · Co-Founder
- Michael Amar · Co-Founder
- Pierre-Yves Meerschman · Co-Founder & Managing Partner
- Marie Ekeland · Co-founder (founder, 2050)
- Mathieu Daix · Partner
- Pia d'Iribarne · Co-founder & Partner
Sources
- daphni – Venture Capital, done our way.
- About daphni
- Daphni – Crunchbase Company Profile & Funding
- Daphni Portfolio Investments, Funds & Exits – CB Insights
- Daphni – 2026 Investor Profile – Tracxn
- daphni – LinkedIn
- Daphni – Investor Profile – OpenVC
- https://techfundingnews.com/certo-4m-seed-ai-compliance-cpg/
- https://www.eu-startups.com/2026/01/from-lab-coats-to-unicorns-french-vc-daphni-blue-closes-e260-million-fund-to-turn-science-into-startups/
- https://www.everythingstartups.com/vc-funds/daphni
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Frequently asked
What is Daphni?+
Daphni is a multi-stage VC firm founded in 2015, headquartered in Paris, France. It backs tech startups from seed to Series A with a European DNA, focusing on new usages and deeptech with a strong science angle—biology, chemistry, physics, and life sciences.
Where is Daphni headquartered?+
Daphni is headquartered in Paris, France.
When was Daphni founded?+
Daphni was founded in May 2015 by Pierre-Eric Leibovici, Michael Amar, Pierre-Yves Meerschman.
What sectors does Daphni invest in?+
Daphni focuses on generalist, consumer, ai, climate. They primarily invest in these sectors.
How do I prepare for a meeting with Daphni?+
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