Newfund Capital

Quick read

Newfund Capital is an early-stage VC firm founded in 2008, headquartered in Paris with a presence in Silicon Valley. It manages $300M AUM across pre-seed and seed investments in France and the US, writing first checks of $250K–$2M into 194 companies to date. Its LP base is unusually founder-heavy — entrepreneurs and family offices make up the bulk of its capital, and the firm itself is a major LP in each fund.

Key facts

Founded

2008

Founders

François Véron

Employees

4

Sectors

generalist, saas, ai, healthcare, fintech

Website

newfundcap.com

Investment thesis

Newfund backs pre-seed and seed founders in France and the US who have significant skin in the game and an international mindset from day one, writing first checks of $250K–$2M. The firm is generalist but runs dedicated vehicles in BrainTech (Heka fund) and regional French markets, with LPs drawn predominantly from the entrepreneur community.

Recent activity

• Apr 2026fundraise
  Newfund closed HEKA, a €60M specialist BrainTech fund writing €250K–€2M checks into pre-seed and seed European brain science startups, with US scale-up support from its Palo Alto office. fundmomentum.vc
• Apr 2026press
  Pulse 2.0 covered the HEKA fund close, detailing Newfund's BrainTech thesis and its US expansion plans for European portfolio companies. crunchbase.com
• Apr 2026investment
  Newfund backed Fermeate in a $2M seed round alongside Ki Tua Fund and PLUG & PLAY, funding the startup's optogenetics fermentation control technology. tracxn.com
• Apr 2026product
  Newfund Heka posted an open role for a Venture Capital Operating Associate in Palo Alto, targeting a French PhD-level candidate to support BrainTech portfolio companies entering the US market. linkedin.com
• 2026investment
  Newfund co-invested in Tin Can's $12M round led by Greylock Partners, alongside Lateralus Holdings and Pioneer Square Labs. fr.linkedin.com
• Jul 2025investment
  Newfund participated in Rwazi's $12M Series A alongside Bonfire Ventures and Santa Barbara Venture Partners. Rwazi provides AI-powered consumer insight data across African markets. tracxn.com
• Apr 2026investment
  Comeen, a Newfund portfolio company, was acquired by LumApps. tracxn.com
• Apr 2026investment
  Fermeate closed a $2M seed round with Newfund participating alongside Ki Tua Fund and PLUG & PLAY, among others. Fermeate is developing optogenetics fermentation control. tracxn.com
• 2026investment
  Newfund backed hosted·ai, an AI cloud infrastructure company addressing GPU underutilization — described internally as the "Operating System" of the AI Cloud. linkedin.com
• 2026press
  François Veron and John Propst (Nexus NeuroTech Ventures) co-hosted a BrainTech event drawing nearly 100 attendees, half holding PhDs, spotlighting Newfund's HEKA fund focus on neuroscience and brain technologies. linkedin.com
• Aug 2025investment
  Rwazi, an African-founded AI market intelligence startup in Newfund's portfolio, raised $12M in a Series A round with Alumni Ventures and Santa Barbara Venture Partners also participating. tracxn.com
• Sep 2025investment
  Tin Can, a landline-inspired phone startup backed by Newfund and Pioneer Square Labs, raised $3.5M. tracxn.com

Notable investments

• FermeateSeedApr 2026tracxn.com
• Tin CanSeries A2026fr.linkedin.com
• hosted.aiSeed2026linkedin.com
• RwaziSeries AJul 2025tracxn.com
• hosted·aiUndisclosed2026linkedin.com
• Tin CanSeedSep 2025tracxn.com
• RaidiumUndisclosed2025linkedin.com
• One ZymeUndisclosed2025linkedin.com
• Provect.AIUndisclosed2025linkedin.com
• LogomixUndisclosed2025linkedin.com
• Nucleon SecuritySeedSep 2025tracxn.com
• Red Luxuryundisclosed2024blog.newfundcap.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• François Véron · General Partner & Founder
  LinkedIn
• Henri Deshays · Partner
  LinkedIn
• Garin Pitzini · Chief Finance and Sustainability Officer
• Marjolaine Catil · Investment Director
• Patrick Malka · Partner

Sources

• Newfund Capital – Official Website
• Newfund – Wikipedia
• Newfund – Tracxn Investor Profile
• Newfund Team Page
• Newfund – EU-Startups
• Newfund – LinkedIn
• Henri Deshays – LinkedIn
• https://www.crunchbase.com/organization/newfund-management/signals_and_news
• https://blog.newfundcap.com/
• https://fundmomentum.vc/blog
• https://fr.linkedin.com/in/thomas-bodin/en

Other VCs in France

• Partech Partners · Multi-stage VC, Paris·
• Eurazeo · Private equity + VC, Paris·
• Serena Capital · Multi-stage VC, Paris·
• Kima Ventures · Seed VC, Paris·
• Alven Capital · Multi-stage VC, Paris·
• Iris Capital · Multi-stage VC, Paris

Explore VCs by sector

• Generalist in France
• SaaS in France

Globally

• Generalist worldwide
• SaaS worldwide

Frequently asked