Overview
France-based Daphni has successfully closed its Blue Fund at €260 million, exceeding its initial target. The fund aims to transform European scientific research into entrepreneurial ventures addressing societal and environmental challenges. Despite a downturn in the venture capital market, Daphni invested in nine deeptech startups from leading French research institutions. The fund seeks to support around 40 European companies, highlighting the potential for impactful innovation through science-driven ventures.
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France-based Daphni has successfully closed its Blue Fund at €260 million, exceeding its initial target. The fund aims to transform European scientific research into entrepreneurial ventures addressing societal and environmental challenges. Despite a downturn in the venture capital market, Daphni invested in nine deeptech startups from leading French research institutions. The fund seeks to support around 40 European companies, highlighting the potential for impactful innovation through science-driven ventures.
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