Fund profile / France

Cleo Ventures Fund II

Geography: France
Stage: Pre-Seed
Fund size: €30M
Focus: AI/ML and Deep Tech
Signals: Published

N°01 / About

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.

N°02 / Thesis

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

17 signals on Cleo Ventures Fund II

4 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€30M

Saves0

Website

People

Key People

Antoine Veret, Maxime Le Dantec

Antoine VeretCo-founder & Managing Partner

Maxime Le DantecCo-founder & Managing Partner

Backers

Known LPs

Lucie BuissonIndividual / Angel

Olivier PailhesIndividual / Angel

Otium CapitalFamily office / Holding

+1 more LP in LP Radar

N°04 / See also

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