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Gallic VC firmDaphniis announcing the first close of its newfangled investment firm , Daphni Blue . The firm has put forward € 200 million ( around $ 215 million at current interchange rates ) . It expects to raise as much as € 250 million ( $ 270 million ) by the close of the year .
Some of Daphni ’s most remarkable past investments admit Back Market , Swile , Hubcycle , and Pasqal . Overall , the firm has invested in 70 European startup since 2015 .
With its late fund , Daphni plans to invest in another 40 startups . Limited partners in Daphni Blue include Crédit Mutuel Arkéa , Bpifrance , the European Investment Fund , PRO BTP , and Swen Capital Partners .
“ We require to ask ourselves how we can both differentiate ourselves , and support engineering or armed service that are sustainable when we commit in raw undertaking , ” launch mate Pierre - Eric Leibovici told me .
“ Because at the end of the daytime , there are Hz , and we can see that at a given moment , either the grocery consolidates , or it is dominated by American role player , or in the end , there was n’t enough of a breakthrough to commence with . ”
While most VC firms cite unreal intelligence in every other sentence , Daphni desire to put an emphasis on science ( at bombastic ) as the main divisor for the next wave of innovation : life science , biological science , physics , chemistry , and mathematics .
“ When you babble out about quantum computing , well , quantum computation is fundamental physics combined with hardware and software program , ” Leibovici said . He also said that large language model are math breakthroughs first and foremost .
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As a answer , Daphni is recruiting different profiles to join the team . For example , a Ph.D. graduate and a PhD bookman are on the investment funds team .
“ There ’s another element that is a Modern trend . The new generation of researchers are much more overt to commercializing their fundamental and applied inquiry , because they see all their friends around them starting companies , ” Leibovici said .
While French university aresetting asidea portion of their budget to draw in American researchers , Daphni says that it did n’t prefer to refocus on fundamental science because of that .
“ It ’s a coincidence . We launched this long before there was this movement , ” Leibovici said . Of course , Daphni is open to investing in American researchers who are starting a startup in Europe .
Up next , Daphni will have to deploy this new raised Washington and prove that it has find an effective investment strategy . “ Raising is not an end in itself . What is an end in itself is pass around returns , and therefore exits , ” Leibovici suppose .
