daphni Blue completes €260M final close for science-driven European investments
European venture capital firm daphni has successfully closed its Blue fund at €260 million, exceeding its initial target. This significant capital infusion underscores investor confidence in a strategy focused on transforming European scientific research into innovative entrepreneurial ventures. The fund aims to address pressing societal and environmental challenges through deeptech innovations. Despite a broader downturn in the venture capital market, daphni achieved its final close within nine months and has already committed capital to nine deeptech companies. These startups originate from prestigious French research institutions like INRIA and Institut Curie. The fund's focus on science-driven projects, at the intersection of digital technologies, AI, and the physical world, highlights a growing demand for long-term, impactful innovation rooted in Europe's robust research base. The daphni Blue fund plans to support approximately 40 European companies, including early investments in areas like advanced microscopy for fertility research (Owlo), sustainable textile dyeing (EverDye), brain-computer interfaces (Karavela), and novel immunotherapies for age-related diseases (Neotis). This approach aims to bridge the gap between laboratory discoveries and commercial viability, fostering European digital sovereignty by nurturing homegrown technological advancements.
Curated and translated by Europe Digital for our multilingual European audience.
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