# Serena: portfolio, investments and team

> Serena is a vc firm based in France. 129 investments on record, 14 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/serena (Millionrounds; every figure on the page links to its filing or article)

France · [Investor](https://millionrounds.com/investors)

# Serena

Last cheque observed Oct 2026; 129 cheques on record.

Email

Deploying now VC firm

Seed Series A Series B Environmental Climate Play

Follow Serena and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fserena)

Deploying now

**61%** of best year **14** **cheques in 12 months**, 129 on record

Since the last cheque **18** days **00** hrs **00** min **00** sec

Median round **$10M** Cheque size, as they say **$200K – $15M** Rounds led **1 of 129** Sole investor **11 rounds** Mostly in **France, 47%**

Pitch Serena

## Serena highlights

- 01 14 cheques in the last 12 months
- 02 Mostly Seed and Series A: 57% of its rounds
- 03 Sole investor in 11 rounds, median $2.1M

## What they do

> Serena was founded in 2008 upon a resolute eagerness to be the VC our team dreamed of as entrepreneurs. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $200K – $15M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Environmental Climate Play
- **Based in:** Paris, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **129 appearances**

- **2026** 11 rounds
- **Oct** **[CarbonFarm](https://millionrounds.com/company/carbonfarm)** Series A · FR · ElectriFI **$7.8M** With 10 others
- **Aug** **[Ours Privacy](https://millionrounds.com/company/ours-privacy)** Series A · US **$15M** With 2 others
- **Aug** **[Teal Health](https://millionrounds.com/company/teal-health)** Series A · US **$18M** With 3 others
- **Aug** **[Unrivaled](https://millionrounds.com/company/unrivaled)** Series C · US **$106M** With 1 other
- **Jul** **[Pelico](https://millionrounds.com/company/pelico)** Venture · FR **$40M** With 3 others
- **May** **[OpsMill](https://millionrounds.com/company/opsmill)** Series A · FR · Ventureburn **$14M** With 4 others
- **May** **[Khloud](https://millionrounds.com/company/khloud)** Venture · US **$15M** With 2 others
- **Mar** **[DeepIP](https://millionrounds.com/company/deepip)** Series B · US · Ventureburn **$25M** *Led*
- **Mar** **[Jimmy](https://millionrounds.com/company/jimmy)** Grant · FR **$47M** With 3 others
- **Feb** **[Midi Health](https://millionrounds.com/company/midi-health)** Series D · US **$100M** With 4 others
- **Jan** **[Formulary Financial](https://millionrounds.com/company/formulary-financial)** Seed · US **$4.6M** With 4 others
- **2025** 16 rounds
- **Dec** **[Bitstack](https://millionrounds.com/company/bitstack)** Series A · 13books Capital **$15M** With 7 others
- **Dec** **[Naftiko](https://millionrounds.com/company/naftiko)** Seed · FR **$1.6M** Sole investor
- **Nov** **[Rebels](https://millionrounds.com/company/rebels)** Series B · US **$25M** With 3 others
- **Oct** **[Probabl](https://millionrounds.com/company/probabl)** Seed · FR **$15M** With 1 other
- **Oct** **[amuseapp](https://millionrounds.com/company/amuseapp)** Pre-seed · IT **$409K** Sole investor
- **Sept** **[Unrivaled](https://millionrounds.com/company/unrivaled)** Venture · US **Undisclosed** With 1 other
- **Sept** **[Goodvest](https://millionrounds.com/company/goodvest)** Series B · FR **$14M** With 3 others
- **Sept** **[Stickerbox](https://millionrounds.com/company/stickerbox)** Seed · US **$7.0M** With 1 other
- **Jun** **[Pelico](https://millionrounds.com/company/pelico)** FR · Silicon Canals **$40M** With 3 others
- **Jun** **[Drimer Creators](https://millionrounds.com/company/drimer-creators)** Seed · ES **$1.5M** Sole investor
- **Apr** **[Khloud](https://millionrounds.com/company/khloud)** Venture · US **$12M** With 2 others
- **Apr** **[Pyannote AI](https://millionrounds.com/company/pyannote-ai)** Seed · FR **$8.8M** With 4 others
- **Apr** **[Emmi AI](https://millionrounds.com/company/emmi-ai)** Seed · AT **$17M** With 1 other
- **Apr** **[Mayvenn](https://millionrounds.com/company/mayvenn)** Venture · US **Undisclosed** With 4 others
- **Mar** **[Kleio](https://millionrounds.com/company/kleio)** Seed · FR **$3.1M** With 1 other
- **Mar** **[underdog](https://millionrounds.com/company/underdog)** Series A · FR **$7.6M** With 3 others
- **2024** 23 rounds
- **Dec** **[Pixeltable](https://millionrounds.com/company/pixeltable)** Seed · US **$5.5M** With 2 others
- **Dec** **[Kloutit](https://millionrounds.com/company/kloutit)** Pre-seed · ES **$560K** Sole investor
- **Dec** **[Wecasa](https://millionrounds.com/company/wecasa)** Series B · FR **$19M** With 1 other
- **Oct** **[Formality](https://millionrounds.com/company/formality)** Seed · FR **$6.2M** With 2 others
- **Oct** **[Edgee](https://millionrounds.com/company/edgee)** Pre-seed · US **$2.9M** With 1 other
- **Oct** **[Pretto](https://millionrounds.com/company/pretto)** Venture · FR **$15M** With 4 others
- **Sept** **[May](https://millionrounds.com/company/may)** Venture · FR **$7.8M** With 2 others
- **Sept** **[Dotfile](https://millionrounds.com/company/dotfile)** Series A · FR **$6.7M** With 2 others
- **Aug** **[Propel](https://millionrounds.com/company/propel)** Grant · DE **$3.5M** With 6 others
- **Jul** **[Implicity](https://millionrounds.com/company/implicity)** Venture · FR **Undisclosed** With 4 others
- **Jul** **[Lokki](https://millionrounds.com/company/lokki)** Series A · FR **$6.8M** With 2 others
- **Jun** **[Odaseva](https://millionrounds.com/company/odaseva)** Series C · US **$54M** With 4 others
- **Jun** **[BirthFund](https://millionrounds.com/company/birthfund)** Seed **$1.2M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **33** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**15+** funds on file numbered funds in its name

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Racine²

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$10M** the round, not its cheque Alone, median **$2.1M**

Led 1 of 129 rounds **1%**

- **Said size:** $200K – $15M
- **Sole investor:** 11 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *38*
- Series A said *27*
- Venture *20*
- Series B said *13*
- Pre-seed *8*
- Series C *8*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Kima Ventures](https://millionrounds.com/fund/kima-ventures) 14
- [Bpifrance](https://millionrounds.com/fund/bpifrance) 13
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 8
- [Partech Ventures](https://millionrounds.com/fund/partech) 7
- [Eurazeo](https://millionrounds.com/fund/eurazeo) 6
- [Daphni](https://millionrounds.com/fund/daphni) 5

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## Who they invest alongside

The investors most often in the same rounds as Serena. A count of rooms they were both in, not a relationship either has claimed.

[**Kima Ventures** VC firm **14** rounds together](https://millionrounds.com/fund/kima-ventures)[**Bpifrance** Government **13** rounds together](https://millionrounds.com/fund/bpifrance)[**Y Combinator** Accelerator **8** rounds together](https://millionrounds.com/fund/y-combinator)[**Partech Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/partech)[**Eurazeo** Private equity **6** rounds together](https://millionrounds.com/fund/eurazeo)[**Daphni** VC firm **5** rounds together](https://millionrounds.com/fund/daphni)[**Isai** VC firm **5** rounds together](https://millionrounds.com/fund/isai)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**CapHorn Invest** VC firm **4** rounds together](https://millionrounds.com/fund/cap-horn)[**FJ Labs** VC firm **4** rounds together](https://millionrounds.com/fund/fj-labs)[**Goodwater Capital** VC firm **4** rounds together](https://millionrounds.com/fund/goodwater-capital)[**Idinvest Partners** Private equity **4** rounds together](https://millionrounds.com/fund/idinvest-partners)

## Recently backed

The latest companies Serena put money into.

[**CarbonFarm** $7.8M · Oct 2026](https://millionrounds.com/company/carbonfarm)[**Ours Privacy** $15M · Aug 2026](https://millionrounds.com/company/ours-privacy)[**Teal Health** $18M · Aug 2026](https://millionrounds.com/company/teal-health)[**Pelico** $40M · Jul 2026](https://millionrounds.com/company/pelico)[**OpsMill** $14M · May 2026](https://millionrounds.com/company/opsmill)[**Khloud** $15M · May 2026](https://millionrounds.com/company/khloud)

## On podcasts

6 episodes naming Serena in the title, and 4 more that mention it.

- [The Deal](https://millionrounds.com/podcasts/the-deal) 3 Sept 2026 · 48 min Re-Run: Serena Williams Wants to Conquer Wall Street Mentions [Serena](https://millionrounds.com/fund/serena)[Serena Williams](https://millionrounds.com/fund/serena-williams)[Serena Ventures](https://millionrounds.com/fund/serena-ventures) Apple PodcastsShow page
- [How I Built This](https://millionrounds.com/podcasts/how-i-built-this) 3 Aug 2026 · 1h 19m Serena & Lily: Serena Dugan and Lily Kanter. They Built a $20M Brand, Then One Investor Almost Destroyed It Mentions [Serena](https://millionrounds.com/fund/serena) Apple Podcasts
- [Masters of Scale](https://millionrounds.com/podcasts/masters-of-scale) 28 Jul 2026 · 26 min Serena Williams on winning in business Mentions [Serena](https://millionrounds.com/fund/serena)[Serena Williams](https://millionrounds.com/fund/serena-williams)[Serena Ventures](https://millionrounds.com/fund/serena-ventures) Apple Podcasts
- [TBPN](https://millionrounds.com/podcasts/tbpn) 13 Oct 2025 · 3h 1m J.P. Morgan Goes Patriot Mode, Dutch Seize Nexperia, 𝕏 Timeline Reactions | Alexis Ohanian, Ryan Petersen, Serena Ge Mentions [Alexis Ohanian](https://millionrounds.com/fund/alexis-ohanian)[Ryan Petersen](https://millionrounds.com/fund/ryan-petersen)[Serena](https://millionrounds.com/fund/serena) *+1* Apple PodcastsShow page
- [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 10 Sept 2024 · 33 min Serena Lam: Vietnam Refugee Inspiration, IBM to SaaS Founder & Sales Automation Consequences - E471 Mentions [Serena](https://millionrounds.com/fund/serena) Apple PodcastsShow page
- [The Deal](https://millionrounds.com/podcasts/the-deal) 2 May 2024 · 50 min Serena Williams Wants to Conquer Wall Street Mentions [Serena](https://millionrounds.com/fund/serena)[Serena Williams](https://millionrounds.com/fund/serena-williams)[Serena Ventures](https://millionrounds.com/fund/serena-ventures) Apple PodcastsShow page

### Mentioned in

- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 9 Mar 2026 · 1h 11m [REPLAY] Alexis Ohanian – From Reddit to 776, a Technology Company that Deploys Venture Capital (EP.388) Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 27 May 2024 · 1h 11m Alexis Ohanian – From Reddit to 776, a Technology Company that Deploys Venture Capital (EP.388) Apple PodcastsShow page
- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 11 Apr 2024 · 28 min E58: Claude Grunitzky on Democratizing Access to Venture Capital Apple PodcastsShow page
- [The Deal](https://millionrounds.com/podcasts/the-deal) 29 Feb 2024 · 53 min Maria Sharapova on the Secret to Winning Apple PodcastsShow page

## Quick answers about Serena

### What does Serena invest in?

Serena invests most often at Seed and Series A (57% of the rounds on record), in sectors such as Environmental, Climate and Play.

### How active is Serena?

129 investments on record, 14 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has Serena invested in recently?

Its most recent investments on record: CarbonFarm (Series A, Oct 2026), Ours Privacy (Series A, Aug 2026) and Teal Health (Series A, Aug 2026).

### How big are Serena's cheques?

The median round it joins is $10M. It says it writes cheques of $200K to $15M.

### Does Serena lead rounds?

Sometimes: it led 1 of its 129 investments on record (1%).

### Where does Serena invest?

Most of the companies it backs are in France (47%), the United States (39%) and Spain (5%).

### Is Serena investing now?

Yes: it is actively investing, with 14 investments in the last 12 months.

### Who does Serena invest alongside?

Most often Kima Ventures (14 rounds together), Bpifrance (13 rounds together) and Y Combinator (8 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=serena) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=serena)