# Kerala Ventures

Kerala Ventures is a Venture Capital based in Paris, France.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.kerala.vc
- **LinkedIn:** https://www.linkedin.com/company/kerala-ventures

## Regulatory record

- **Reports private funds:** No

## About

Kerala is a private holding dedicated to the launch and scale of new ventures. It partners with bold founders for the very long term and acts as a founding investor. It focuses on a limited number of new businesses and mainly builds tech startups in healthcare, people & work organizations and energy. Its number-one expertise is hiring A-player teams.

## Sectors

- Enterprise Software
- Digital Health
- FinTech
- Mobility & Transportation

## People

- Antoine Freysz — Co-founder & Managing Partner
- Olivier Martret — Co-founder & Partner

## Questions

### Does Kerala Ventures participate in fund-of-funds commitments or only direct deals?

Kerala invests directly in operating companies, not in other venture funds. The firm's model is built on principal-to-founder relationships and board-level governance, which is fundamentally incompatible with a fund-of-funds approach. There is no public record of Kerala making LP commitments to external managers.

### Who runs investment decisions at Kerala Ventures?

Co-founders Antoine Freysz and Olivier Martret are the firm's managing partners and the primary decision-makers on investments. Freysz brings founder-operator experience from building and exiting RegionsJob, while Martret's background spans venture investing and operational roles. The small team size means investment committee decisions are concentrated in the founding partners.

### What sectors does Kerala Ventures explicitly avoid?

Kerala has not publicly stated exclusionary sectors, but its portfolio concentration means the firm naturally avoids areas outside its core competence in digital-first businesses. Publicly confirmed investments cluster in enterprise software, digital health, fintech, and mobility. Hard-tech, deep science, and capital-intensive infrastructure plays sit outside Kerala's observable mandate.

## Related profiles

- [Kerala Startup Mission](https://altss.com/profile/kerala-startup-mission)
- [Kerem Capital](https://altss.com/profile/kerem-capital)

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Last updated: 2026-08-11T15:07:12.582Z

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