French VC daphni launches Time4, a $100 million fund to back French entrepreneurs with diverse backgrounds #Daphni, a prominent French #VC firm, has announced the launch of #Time4, a €100 million fund dedicated to empowering French entrepreneurs from diverse socio-economic backgrounds and rural areas. Aiming to address the disparities in France's startup ecosystem, Time4 seeks to fund and inspire founders who often lack access to traditional networks and early-stage resources. Co-promoted by Anita de Voisins and Moussa Camara, Time4 partners with organizations like HEC Paris, Les Déterminés, and Live for Good to go beyond the Paris-centric approach dominant in venture capital. This collaboration will enable Time4 to identify and support underrepresented founders while providing mentorship and hands-on assistance. Time4 also plans to invest in projects that enhance social impact, from financial inclusion to digital accessibility. By targeting a portfolio of around 100 projects, Time4 envisions fostering dozens of entrepreneurial success stories. Entrepreneurs with unconventional paths, from job seekers to those with disabilities or no formal diplomas, are at the heart of the fund's mission. Inspired by success stories like Paul Lê of La Belle Vie, the fund aims to prove the untapped economic potential of diverse founders. With its innovative dual strategy—investing in ambitious startups and projects improving social equity—Time4 hopes to reshape the French startup ecosystem. Deployment of the fund is expected to begin by mid-2025, with the team confident in discovering the next wave of transformative entrepreneurs. The article on TechCrunch in the first comment.
Thanks a lot Michele Mattei ! You can also mention Jean-Philippe Courtois and Inge Kerkloh-Devif who work with us on this exciting initiative !
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