Skip to content
VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

Serena Capital

Also known as Serena, Serena VC, Serena Data Ventures

Paris VC founded 2008; pre-seed to Series A in European and US tech (applied AI, energy transition, data infrastructure, impact, consumer); first tickets €100K–€15M; Serena IV €200M (2025).

Paris venture capital firm (founded 2008, brand “Serena”), not the Madrid infrastructure manager Serena Industrial Partners

HEADQUARTERS
Paris, France
FOUNDED
2008
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
10 people

Focus

STAGES
Pre-SeedSeedSeries A
SECTORS
Artificial IntelligenceSoftware & SaaSClimate & EnergyFintechConsumer & E-commerceDeep TechHealthTechCrypto & Web3
ASSET MIX
Venture capitalImpact
GEOGRAPHY
EuropeUnited States

Overview

Serena is a Paris venture capital firm founded in 2008 by former entrepreneurs; its management company Serena Capital is AMF-authorised. It backs 15 to 20 teams a year from pre-seed to Series A, with first tickets of €100K to €15M and a preference for leading or co-leading. Its flagship Serena IV (€200M, 2025) targets applied AI and the energy transition, while Serena Data Ventures II, the impact fund Racine² and a consumer strategy cover pre-seed and seed. Past investments include Dataiku, Malt, Descartes Underwriting, Electra, LaFourchette and AramisAuto.

Investment thesis

Early-growth (Serena IV): applied AI and energy transition. Pre-seed and seed: infrastructure via Serena Data Ventures II (modern data stack and AI, open source, blockchain, quantum), impact via Racine² (environment, education, well-being) and consumer innovation. Europe-based (and US) founders building global category leaders.

PORTFOLIO (15)

  • DataikuNOTABLE
    Artificial Intelligence
  • MaltNOTABLE
    Software & SaaS
  • Descartes UnderwritingNOTABLE
    Fintech
  • LaFourchetteNOTABLE
    Consumer & E-commerce · acquired by TripAdvisor (2014)
  • AramisAutoNOTABLE
    Consumer & E-commerce · acquired by Peugeot (2016)
  • Waiv
    Artificial Intelligence · since 2026
  • Polaron
  • Probabl
    Artificial Intelligence
  • Formality
    Artificial Intelligence · since 2025
  • Bitstack
    Crypto & Web3
  • Electra
    Mobility & Logistics
  • Quandela
    Deep Tech
  • Memo Bank
    Fintech
  • Pelico
    Software & SaaS
  • iBanFirst
    Fintech

People

  • Xavier Lorphelin
    Managing Partner · source
  • Philippe Hayat
    Managing Partner · source
  • Marc Fournier
    CEO & Co-founder · source
  • Matthieu Lavergne
    Partner · source
  • Sébastien Le Roy
    Partner · source
  • Olivier Martret
    Partner · source
  • Paul Moriou
    Partner · source
  • Margaux Gregoir
    Partner · source
  • Eric Gossart
    Partner - Racine² · source
  • Charles Rousset
    General Secretary · source

Links

Frequently asked questions

Serena Capital is a VC fund based in Paris, France, founded in 2008.

Yes. Serena Capital invests its own capital in private companies.

Serena Capital invests at Pre-Seed, Seed and Series A stages in Artificial Intelligence, Software & SaaS, Climate & Energy, Fintech, Consumer & E-commerce, Deep Tech, HealthTech and Crypto & Web3.

Serena Capital's stated ticket size is €100K–€15M.

Key people at Serena Capital include Xavier Lorphelin (Managing Partner), Philippe Hayat (Managing Partner), Marc Fournier (CEO & Co-founder) and Matthieu Lavergne (Partner).

Serena Capital's investments include Dataiku, Malt, Descartes Underwriting, LaFourchette, AramisAuto, Waiv, Polaron and Probabl, among others.

The most recent publicly reported investment by Serena Capital is Waiv (Seed ($33M, led by OTB Ventures and Alpha Intelligence Capital; participant via Serena Data Ventures)), announced in Mar 2026.

Yes. Serena Capital manages capital from outside investors.