Paris VC firm Daphni launches $165m fund to boost European tech

Paris-based VC firm Daphni has announced the launch of its inaugural $165m fund to invest in technology startups across Europe.

Founded in 2015, Daphni’s first fund will focus on Seed and Series A investment rounds.

According to a post, the firm’s investment strategy focuses on spotting future European tech champions.

“Even if we invest internationally, our main focus is to spot future European champions. We think European startups can leverage on the emergence of a new framework, driven by what we call the European DNA, to success globally.

“Yet, we do not only rely on current and/or prospective economic matters. We also look for societal trends and changes. We believe that eventually, people are driven by usage and desire, more than technology. And these usages are to be considered in a global way. Companies need to launch in several countries as soon as they found their product-market fit,” concludes the post.