Cleo Ventures Fund II

France
Pre Seed
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About Cleo Ventures Fund II

Paris-based AI-native specialist writing €300K–€1M first cheques at pre-seed and seed. Backed by Otium Capital and a 40+ operator Trailblazers Club with carry. Successor to Resonance fund.

Investment Focus

Location / RegionFrance
Funding StagePre Seed
Industry Focus
Ai Ml
Deep Tech

Investor Signals Profile

active

Sweet Spot

European AI-native founder, pre-product, wanting operator-depth support

AI-native only
pre-seed/seed
European founders
operator-aligned
infra + application + deeptech

Bullish Signals

€30M fund II closed, deploying nowblog
Otium Capital anchor — strong LP validationblog
Fintool exited to Microsoft alreadyblog
40+ carry-holding AI operators on benchblog

Contrarian Signals

AI-only thesis — single sector cycle riskblog
€30M fund limits follow-on firepowerblog
Two-GP structure, key-man concentrationblog

Founder Do's

Come pre-product or pre-team stage
Be AI-native, not AI-adjacent
Expect lead or co-lead, not passive
Want operator access at board depth
Based in Europe primarily

Founder Don'ts

Don't seek passive small-cheque syndicate participation
Don't pitch non-AI or traditional SaaS
Don't want arms-length investor relationship

Key GPs & Partners

AV
Antoine Veret
Co-founder & Managing Partner
thesis-drivenfast-moverex-founder
ML
Maxime Le Dantec
Co-founder & Managing Partner
fast-moverhands-onthesis-driven

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Fund Overview

Fund Size€30M
Saves0

Key People

Antoine Veret, Maxime Le Dantec

Antoine VeretCo-founder & Managing Partner
Maxime Le DantecCo-founder & Managing Partner

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