Fund profile / France

Serena Fund IV

Geography
France
Stage
Seed
Fund size
€200M
Focus
AI/ML, Climate & Sustainability and Energy Tech
Signals
Published
Share
N°01 / About

About Serena Fund IV

Paris-based fourth flagship fund at €200M (target €250M). Makes €3-15M investments in early-stage AI and energy-transition startups. 70% French companies.

N°02 / Thesis

Investment Focus

Location / RegionFrance
Funding StageSeed
Industry Focus
AI/ML
Climate & Sustainability
Energy Tech

Investor Signals Profile

active

Sweet Spot

Early-stage founder needing operator support, France/EU

operator-led
early AI
France-based
entrepreneurial DNA
future transitions

Bullish Signals

50%+ team are operators/founderswebsite
One of France's first AI fundswebsite
Founded 2008, deep track recordexternal
PALM platform: active portfolio supportwebsite
First-mover in market transitionswebsite
By entrepreneurs, for entrepreneurs ethoswebsite
Agile teams, sharp business acumenwebsite
Proven playbooks across all sectorswebsite
Intrapreneurship platform drives portfolio scalingwebsite

Contrarian Signals

France-centric, limited global reachexternal
Playbook-driven, less contrarian betsexternal

Founder Do's

Leverage fund's operator network
Tap into PALM platform resources
Expect fast, agile decision-making
Reuse proven scaling playbooks
Engage with ex-founder partners

Founder Don'ts

Avoid late-stage pitches
Don't expect passive capital only
Skip if non-European focus

19 signals on Serena Fund IV

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

Facts

Fund Overview

Fund Size€200M
Saves0
People

Key People

Xavier Lorphelin, Marc Fournier, Philippe Hayat

N°04 / See also

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