Le Studio VC

Roxanne Varza and Jean de La Rochebrochard form the core investment committee. Varza concurrently directs Station F, the world's largest startup campus. This dual role concentrates sourcing and decision-making authority in a small partnership where both principals are directly involved in company origination.

As a venture studio, Le Studio VC originates most of its portfolio internally. Companies are built from scratch within the studio framework, often incubated physically at Station F. External deal flow is secondary; the firm's model relies on recruiting entrepreneurial teams and providing shared operational resources rather than competing in traditional funding rounds.

Le Studio VC operates as a venture studio. It co-founds companies, provides shared services — engineering, design, go-to-market support — and deploys seed capital into those internally originated startups. This differs from a traditional fund structure, which evaluates and backs external founding teams. The studio likely raises project-linked capital rather than large blind-pool funds.

While headquartered in Paris, the firm's reach extends across Europe through the Station F pipeline and its principals' networks. Portfolio companies and teams have been drawn from London, Berlin, and other European tech hubs. The studio model itself is not geographically constrained, though physical incubation remains concentrated at the Paris campus.

Le Studio VC and Station F share leadership through Roxanne Varza, who directs both entities. Station F is a 34,000-square-meter startup campus housing over 1,000 companies, while Le Studio VC is a private investment vehicle. The overlap creates a proprietary deal-flow engine: startups emerging from the campus ecosystem can feed directly into the studio's incubation and funding pipeline.

The firm focuses exclusively on pre-seed and seed stages. Because it originates companies internally, its first check frequently represents the earliest institutional capital a startup receives — before product-market fit is proven. Follow-on participation beyond seed is not a stated part of the firm's public strategy.

No. The firm has not publicly disclosed AUM or per-fund sizes, which is consistent with many European venture studios that deploy project-linked capital rather than raising traditional blind-pool venture funds. Absent disclosure, deployment is estimated at well under $50 million per cycle.