Cleo Ventures Fund II

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

Antoine Veret

Co-founder & Managing Partner

thesis-drivenfast-moverex-founder

Maxime Le Dantec

Co-founder & Managing Partner

fast-moverhands-onthesis-driven

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Fund Overview

Fund Size€30M

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Website

Key People

Antoine Veret, Maxime Le Dantec

Antoine VeretCo-founder & Managing Partner

Maxime Le DantecCo-founder & Managing Partner