Daphni aims to support around 40 early-stage startups in Europe, focusing on sustainability, impact, and digital transformation, by combining science, software, and hardware.

On March 25, 2025, Daphni, a Paris-based venture capital firm, announced the launch of its new €250 million climate tech fund, Daphni Blue, aimed at investing in early-stage science and climate technology startups.

The fund has initially raised €200 million, with plans to secure an additional €50 million by the end of the year, ultimately targeting a total of €270 million.

The fund specifically targets investments in startups dedicated to climate transition and sustainability, particularly in sectors like life sciences, biology, physics, chemistry, and mathematics.

Key contributors to Daphni's fund include PRO BTP, the European Investment Fund, Bpifrance, and Crédit Mutuel Arkéa, with intentions to invest in approximately 40 more startups.

Investments will primarily be made in seed and Series A rounds, offering initial funding between €1 million and €8 million per startup, with follow-on investments of up to €15 million.

Daphni aims to strengthen Europe's innovation ecosystem by backing entrepreneurs who address societal challenges and promote a sustainable future through technology.

The firm intends to broaden its focus beyond artificial intelligence to encompass various fields of science, including biology, physics, mathematics, and life sciences.

To enhance its investment approach, Daphni employs a digital community-driven model through its proprietary platform, Daphni Purple, which connects over 300 experts and corporate partners to provide insights to portfolio companies.

The firm adopts a founder-centric approach and utilizes a network of over 400 experts to assist startups in scaling their operations.

Since its inception in 2015, Daphni has invested in 70 European startups, including notable companies like Swile, Pasqal, Hubcycle, and Back Market.

Additionally, Daphni is launching a parallel €100 million fund called 'Time4' to support underrepresented founders in France, led by venture partner Anita de Voisins.