Varsity
Also known as Varsity Capital
Paris seed-stage VC founded by Didier Valet, Kamel Zeroual and Florent Thomas; first fund targets €150M (first close of €80M announced March 2024).
- HEADQUARTERS
- Paris, France
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 4 people
Focus
- STAGES
- SeedSeries A
- SECTORS
- FintechSoftware & SaaSArtificial IntelligenceClimate & EnergyDeep TechConsumer & E-commerceHealthTech
- ASSET MIX
- Venture capital
- GEOGRAPHY
- EuropeFrance
Overview
Varsity Capital is an AMF-authorised management company (GP-20230012) based in Paris. It was founded by Didier Valet, former deputy CEO of Société Générale, with Kamel Zeroual, a former Serena Capital partner, and Florent Thomas, former Serena operations manager. Its first fund announced a first close of €80M toward a €150M target in March 2024. It backs European seed-stage startups in fintech, healthtech, climate tech and enterprise SaaS; the site lists 15 named portfolio companies plus stealth deals.
Investment thesis
European seed fund backing fintech, healthtech, climate tech and enterprise SaaS startups; invests early and stays close through board-level support from the founding partners.
PORTFOLIO (15)
- C12 Quantum ElectronicsNOTABLEDeep Tech
- Fintech
- Software & SaaS
- Climate & Energy
- Fintech
- Artificial Intelligence
- Fintech · since 2026
- Artificial Intelligence
- Software & SaaS
- Software & SaaS
- Consumer & E-commerce
- Artificial Intelligence
- Fintech
- Climate & Energy
- Software & SaaS
People
Links
Frequently asked questions
Varsity is a VC fund based in Paris, France.
Yes. Varsity invests its own capital in private companies.
Varsity invests at Seed and Series A stages in Fintech, Software & SaaS, Artificial Intelligence, Climate & Energy, Deep Tech, Consumer & E-commerce and HealthTech.
Key people at Varsity include Didier Valet (Founder and General Partner), Kamel Zeroual (Founder and General Partner), Florent Thomas (Founder and General Partner) and Eloi Verspieren (Principal).
Varsity's investments include C12 Quantum Electronics, Akka, AlloBrain, Bohr Energie, Cleavr, Equos, Kalipso and Kog, among others.
The most recent publicly reported investment by Varsity is Bohr Energie (€10M Series A (led by Suma Capital via SC Net Zero Ventures; Varsity renewed support as existing shareholder)), announced in Jul 2026.
Yes. Varsity manages capital from outside investors.