Serena launches a €100 million fund

Thursday, November 9, 2023

The French investment company's new fund focuses on blockchain, artificial intelligence and quantum technology.

Even if the markets are not at their best, some, like Serena Capital, are still betting on the crypto industry. The French investment firm is launching a €100 million fund this Thursday called Serena Data Ventures II.

This new fund joins others already present in the crypto ecosystem in Europe, such as those from Fabric Ventures, Cathay Ledger, XAnge or Greenfield Capital (there are plenty of others).

Serena's new fund, however, has a double distinctive feature: it is a seed fund, i.e. a fund for projects that have just been launched, and its theme concerns blockchain, artificial intelligence and quantum at the same time. And that's not all!

"These three technologies are very important and, above all, very complementary", explains Serena, to justify the decision to create a joint thematic fund.

Tickets between €500,000 and €3.5 million

The Serena fund is supported in particular by Bpifrance via the Fonds national d'amorçage 2 (FNA 2) and the European Investment Fund (EIF). Investments can range from €500,000 to €3.5 million.

The fund has already participated in the €15 million round of financing completed in September of Fipto, which specialises in crypto payments.

In 2017, Serena Capital had already launched a similar fund, Serena Data Ventures, with €80 million dedicated to big data and artificial intelligence.

This analysis is not investment advice. It has been prepared without taking into account your personal situation, particularly your financial situation, risk profile, and investment objectives.

Before investing in any product, investors should fully understand the risks involved and consult their own legal, tax, financial, and accounting advisors.

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