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The Venture Codex

Overview

Seed fund selecting and propelling startups into top VC portfolios.

Founded

2023

Deals · 12mo

4

Stage focus

Seed
Series A

Geographic focus

France
United Kingdom

Sector focus

—

Investment portfolio

8rounds
NAMEDATESIZE
Cleavr
Oct 2026Led
$9 MSeed
AlloBrain
Oct 2026Led
$7 MSeed
Bohr Énergie
Jul 2026Participated
$11 MSeries A
Kalipso
Jun 2026Participated
$3 MSeed
Tamtam
May 2025Led
$4 MSeed
RockFi
Mar 2025Participated
$21 MSeries A
C12 Quantum Electronics
Jun 2024Participated
$19 MOther Equity
RockFi
Apr 2024Led
$3 MOther Equity
Cleavr
Oct 2026Led
$9 MSeed
AlloBrain
Oct 2026Led
$7 MSeed
Bohr Énergie
Jul 2026Participated
$11 MSeries A
Kalipso
Jun 2026Participated
$3 MSeed
Tamtam
May 2025Led
$4 MSeed
RockFi
Mar 2025Participated
$21 MSeries A
C12 Quantum Electronics
Jun 2024Participated
$19 MOther Equity
RockFi
Apr 2024Led
$3 MOther Equity
8
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Insights

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Deal Distribution

Varsity Capital: 8 funding rounds are recorded in the selected participation categories.All available history.
Varsity Capital: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed31
Series A02
Other Equity11

Monthly Deal Activity

Varsity Capital: 8 deals are recorded across 31 months.All available history.
Varsity Capital: 8 deals are recorded across 31 months. All available history
MonthDeals
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '262

Sector Breakdown

Varsity Capital: AI & Machine Learning is the largest displayed sector by deal count (4 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.

Varsity Capital: AI & Machine Learning is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
AI & Machine Learning4
Fintech3
Professional Services2
Enterprise Software1
Clean Energy & Sustainability1
Data, Analytics & IT1
Space & Frontier Tech1
Consumer & Lifestyle1

Deal Size Distribution

Varsity Capital: 8 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.

Varsity Capital: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M2
$10M-$25M3
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Varsity Capital: Europe has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Varsity Capital: Europe has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Europe8
Varsity Capital: 20 co-investors are shown, with Kima Ventures sharing 3 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

Varsity Capital: Led accounts for 50% and participating for 50% of round participation.All available history.
Varsity Capital: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led450%
Participating450%
Varsity Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Varsity Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Didier Valet

General Partner

Eloi Verspieren

Investment Manager

Florent Thomas

General Partner

Kamel Zeroual

General Partner