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The Venture Codex

Overview

Leading European venture capital fund supporting innovative startups.

Founded

2008

Deals · 12mo

5

Stage focus

Seed
Series A
Series B

Geographic focus

France
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

93rounds
NAMEDATESIZE
Voltaback
Oct 2026Participated
$3 MSeed
OpsMill
May 2026Participated
$14 MSeries A
DeepIP
Mar 2026Led
$25 MSeries B
Bitstack
Dec 2025Participated
$15 MSeries A
Probabl
Oct 2025Led
$15 MSeed
Goodvest
Sep 2025Led
$14 MSeries B
Pelico
Jun 2025Participated
$40 MOther Equity
Emmi AI
Apr 2025Led
$18 MSeed
pyannoteAI
Apr 2025Led
$10 MSeed
DeepIP
Mar 2025Participated
$15 MSeries A
Kleio
Mar 2025Led
$4 MSeed
Pixeltable
Dec 2024Participated
$6 MSeed
Voltaback
Oct 2026Participated
$3 MSeed
OpsMill
May 2026Participated
$14 MSeries A
DeepIP
Mar 2026Led
$25 MSeries B
Bitstack
Dec 2025Participated
$15 MSeries A
Probabl
Oct 2025Led
$15 MSeed
Goodvest
Sep 2025Led
$14 MSeries B
Pelico
Jun 2025Participated
$40 MOther Equity
Emmi AI
Apr 2025Led
$18 MSeed
pyannoteAI
Apr 2025Led
$10 MSeed
DeepIP
Mar 2025Participated
$15 MSeries A
Kleio
Mar 2025Led
$4 MSeed
Pixeltable
Dec 2024Participated
$6 MSeed
93
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Insights

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Deal Distribution

Serena Capital: 93 funding rounds are recorded in the selected participation categories.All available history.
Serena Capital: 93 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed77
Series A412
Series B68
Series C+17
Other Equity1922

Monthly Deal Activity

Serena Capital: 93 deals are recorded across 190 months.All available history.
Serena Capital: 93 deals are recorded across 190 months. All available history
MonthDeals
Jan '111
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '111
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '123
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '131
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '141
Apr '141
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '151
Feb '150
Mar '151
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '151
Oct '150
Nov '151
Dec '151
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '161
Jul '160
Aug '160
Sep '163
Oct '161
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '171
May '170
Jun '171
Jul '170
Aug '171
Sep '172
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '182
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '181
Nov '181
Dec '182
Jan '190
Feb '192
Mar '191
Apr '190
May '190
Jun '191
Jul '190
Aug '191
Sep '191
Oct '192
Nov '191
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '202
Jul '200
Aug '200
Sep '201
Oct '201
Nov '200
Dec '200
Jan '211
Feb '212
Mar '213
Apr '210
May '210
Jun '211
Jul '213
Aug '210
Sep '210
Oct '211
Nov '211
Dec '210
Jan '222
Feb '221
Mar '220
Apr '221
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '221
Dec '221
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '231
Nov '232
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '242
Jul '240
Aug '240
Sep '241
Oct '242
Nov '240
Dec '241
Jan '250
Feb '250
Mar '252
Apr '252
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '261
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Serena Capital: Enterprise Software is the largest displayed sector by deal count (39 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Serena Capital: Enterprise Software is the largest displayed sector by deal count (39 deals). All available history
SectorDeals
Enterprise Software39
AI & Machine Learning28
Networks, Cloud & Communication24
Data, Analytics & IT19
E-Commerce & Retail15
Transportation & Logistics13
Fintech12
Professional Services12
Social & Community Platforms8
Travel & Hospitality7
Health & Life Sciences7
Developer Tools7
Cybersecurity & Privacy6
Real Estate & Construction6
Media & Entertainment6
Food & Agriculture6
Consumer & Lifestyle5
Marketing & Advertising5
Hardware & Robotics5
Crypto & Blockchain4
Clean Energy & Sustainability3
Space & Frontier Tech3
Education & Workforce2
Manufacturing2
Gaming & eSports2

Deal Size Distribution

Serena Capital: 93 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Serena Capital: 93 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M16
$5M-$10M15
$10M-$25M43
$25M-$50M12
$50M-$100M4
$100M-$250M2
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Serena Capital: Europe has the largest recorded deal count among the displayed regions (74 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Serena Capital: Europe has the largest recorded deal count among the displayed regions (74 deals). All available history
RegionDeals
Europe74
United States17
E1 6db1
750021
Serena Capital: 20 co-investors are shown, with Partech sharing 14 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Serena Capital: Led accounts for 40% and participating for 60% of round participation.All available history.
Serena Capital: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led3740%
Participating5660%
Serena Capital: Single-lead accounts for 51% and co-led for 49% of lead dynamics.All available history.
Serena Capital: Single-lead accounts for 51% and co-led for 49% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1951%
Co-led1849%

Team

Bertrand Diard

Venture Partner

David Bitton

Operating Partner & Head of Operating Team

Emilie Benayad

Operating Partner

Jessica Ifker Delpirou

Operating Partner

Marc Fournier

Co-founder & Managing Partner

Philippe Hayat

Co-founder & Managing Partner

Stéphanie Nizard

Investors Relations Director

Xavier Lorphelin

Co-founder & Managing Partner