(Pre-)Seed Fund Investing in Consumer-centric Software

• In November 9, 2023 Paris-based VC Serena has launched a €100m early-stage fund to invest in startups developing consumer-centric software.
• The fund will back over 20 pre-seed and seed startups with investments ranging from €500k to €3.5m.
• The fund will support startups focusing on AI models, data management, blockchain technologies, and quantum computing software.
• The VC was founded by Xavier Lorphelin, Marc Fournier, and Philippe Hayat in 2008 and focuses on investing in early-stage tech companies.
• Serena focuses on investing primarily in European companies that have ambitions for global expansion.
• Serena will invest 75% of this fund in European companies and 25% in U.S. startups.
• European companies must demonstrate plans for international expansion to secure investment.

Source: Sifted

B.O