# Serena

Serena is a Private Equity based in Paris, France.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** serena.vc
- **LinkedIn:** https://www.linkedin.com/company/serenavc

## Regulatory record

- **Reports private funds:** No

## About

Serena is a private equity firm based in Paris, France. It pursues a Venture Capital strategy. The firm manages $800.12 million in assets, with $70.07 million in dry powder, and employs 22 staff, including 17 investment professionals.

## Sectors

- AI/ML
- Energy Transition & Renewables
- FinTech
- Enterprise Software
- ClimateTech
- Digital Health
- InsurTech
- Cybersecurity
- Mobility & Transportation
- AgriTech & FoodTech
- Industrial Tech
- Education

## People

- Marc Fournier — Managing Partner
- Xavier Lorphelin — Managing Partner
- Sébastien Le Roy — Partner
- Bertrand Diard — Venture Partner
- Guillaume Decugis — Investor
- Alix Trébaol — Associate, Racine² fund
- Jessica Ifker Delpirou — Investor
- Pierre Trémolières — Investor

## Questions

### Who runs investment decisions at Serena?

Managing Partners Marc Fournier and Xavier Lorphelin lead the firm, with a partnership that includes sector-focused investors like Sébastien Le Roy (CFO stack, enterprise) and venture partners such as Bertrand Diard, the founder of Talend. Investment committees draw on the firm's operator-heavy team, where roughly half of the professionals have founded or scaled companies themselves.

### How does Serena source proprietary deal flow?

The firm sources through its Serena Squad community and the PALM operating platform, which embeds former founders and functional experts inside the portfolio and the broader European tech ecosystem. This operator network, combined with targeted thematic funds like Data Ventures II and Racine², gives the firm early visibility into technical founders in AI, open-source, and climate before formal fundraises.

### What investment stages does Serena typically target?

The firm covers pre-seed through Series A, with first checks ranging from €100,000 to €15 million. Its growth-stage Serena IV fund extends into later rounds for applied AI and energy transition companies that the firm backed at earlier stages.

### Which sectors does Serena explicitly avoid?

The firm's public materials do not list explicit sector exclusions. The strategies are organized around positive theses — applied AI, energy transition, modern data infrastructure, blockchain, quantum, impact (environment, education, well-being), and consumer innovation — rather than prohibited categories.

### How is Serena related to Racine² or Data Ventures II?

Both are dedicated funds managed by Serena. Racine² is an €80 million impact vehicle launched with MGEN and makesense, targeting environment, education, and well-being (per firm website). Data Ventures II focuses on modern data stack, AI, open-source, blockchain, and quantum infrastructure. They operate under the same Serena partnership and share the firm's operating platform.

## Related profiles

- [SeraVerse](https://altss.com/profile/seraverse)
- [Serena Ventures](https://altss.com/profile/serena-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/serena

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