LVMH Luxury Ventures

Julie Bercovy leads the vehicle as head of LVMH Luxury Ventures. She joined the group from a senior M&A role inside LVMH, giving her direct access to the conglomerate's strategic leadership and brand integration teams. Investment decisions ultimately sit within LVMH's broader corporate development framework, with oversight from the group's executive committee.

The fund participates in Series A through Series C rounds, occasionally entering at seed-stage when the brand already has commercial traction. Cheque sizes range from approximately €2 million to €15 million per investment. The vehicle can lead rounds, co-lead alongside traditional venture firms, or join syndicates as a strategic partner.

Capital is supplied directly from LVMH Moët Hennessy Louis Vuitton's corporate balance sheet. The vehicle does not raise external third-party funds and operates as a proprietary investment division, not a fund-of-funds or independent venture firm. The Arnault family, as LVMH's controlling shareholder, ultimately stands behind the deployment.

LVMH Luxury Ventures functions inside the LVMH corporate structure, distinct from the Arnault family's personal investment vehicles. Groupe Arnault, the family holding company, pursues separate private equity, venture, and technology investments — notably through its Aglaé Ventures arm — which can sometimes overlap in consumer-tech themes but operate with independent decision-making and mandate boundaries.