About Serena
Serena is a venture capital firm founded in 2008. It is primarily based out of Paris, France. As of May 2026, Serena is an active investor, having invested in 100 companies, with 5 new investments in the last 12 months. It primarily invests in Series A round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of OpsMill Overall, Serena portfolio has seen 2 unicorns and 29 acquisitions including key companies like The Fork, Uniphore and Launchmetrics. A lot of funds co-invest with Serena, with names like Bpifrance sharing a substantial percentage of its portfolio. Serena has team of 22 people including 9 partners.Key Metrics
Serena's List of Top Investments
Serena has a portfolio of 100 companies, including 2 unicorns. Their most notable investments are in Pelico and Memo Bank.Their portfolio spans across France, United States, United Kingdom and 8 more locations. They have invested in Enterprise Applications, High Tech, Retail and 27 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by Serena:1. The Fork
Online restaurant booking platform. The platform allows customers to book tables at nearby restaurants.
Key facts about The Fork
- Founded Year: 2007
- Location: Paris (France)
- Annual Revenue: €50M - €100M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $14.3M
- Employee Count: 501 - 1,000 as on Jul 01, 2024
- Investors: Partech Partners, Otium Capital and 2 Others
- Latest Funding Round: Series B, May 02, 2012, $*****
- Highlight: Acquired
2. Uniphore
Provider of a business artificial intelligence platform with agentic and model layers. Business AI company that unlocks the agentic enterprise with a complete, composable AI platform spanning agents, models, knowledge, and data. Its platform, the Business AI Cloud, bridges the AI divide between consumer AI and enterprise AI combining the simplicity of consumer AI with the rigor, security and scalability required for the enterprise. It allows business users to effortlessly harness AI and deliver results immediately, while providing CIOs the foundation to deliver powerful AI applications that are embedded into workflows, trained on enterprise data. It delivers on the promise of AI as a transformative force for business. Customers include leaders across industries, like Skechers, LastPass, Atlassian, HP, Allstate, Sony, and more. Through strategic collaborations with industry leaders like KPMG, Cognizant, Rackspace, Databricks and Snowflake, it helps organizations move beyond experimental AI pilots to production-grade deployment operationalizing AI agents across internal and client-facing workflows at scale. Sectors includes Native AI, High Tech, Artificial Intelligence, Agentic AI, MarketingTech, Cloud Infrastructure, Generative AI.
Key facts about Uniphore
- Founded Year: 2008
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $961M
- Employee Count: 874 as on May 31, 2026
- Investors: Cisco Investments, Next Round Capital and 135 Others
- Latest Funding Round: Series F, Oct 22, 2025, $*****
- Highlight: Editors' Pick
3. Lifen
Online platform facilitating digital exchange of medical documents. The company has developed an online communication solution that facilitates the digital exchange of medical documents among healthcare practitioners and establishments. Features include Multichannel e-mail, returns management, automatic retrieval of patient information, access management, and others.
Key facts about Lifen
- Founded Year: 2015
- Location: Paris (France)
- Annual Revenue: €0 - €1M as on Dec 31, 2016
- Stage: Series C
- Total Funding till date: $89.9M
- Employee Count: 175 as on May 31, 2026
- Investors: Partech Partners, Serena and 13 Others
- Latest Funding Round: Series C, Nov 16, 2021, $*****
- Highlight: Editors' Pick
Launchmetrics is a marketing platform and analytics solution to help fashion, luxury, and cosmetics professionals discover, activate, and measure the voices that matter.
Key facts about Launchmetrics
- Founded Year: 2006
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $54.8M
- Employee Count: 366 as on May 31, 2026
- Investors: TempoCap, Cipio Partners and 8 Others
- Latest Funding Round: Series B, Sep 05, 2018, $*****
- Highlight: Acquired
5. iBanFirst
Provider of cross-border payment and currency risk management solutions. The company offers a platform for holding, collecting, and sending funds. It facilitates currency transactions, international payment tracking, and currency risk mitigation. The platform enables users to open currency accounts and manage cross-border transactions.
Key facts about iBanFirst
Serena's Year-on-Year Investment Trends
Serena has invested in 100 companies over the last 18 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of May 2026, it has made 3 investments in this year. Its most recent first time investment was in OpsMill and most recent follow-on round was in DeepIP.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 6 | 2 | 8 |
2024 | 4 | 3 | 7 |
2023 | 5 | 1 | 6 |
2022 | 7 | 5 | 12 |
2021 | 12 | 6 | 18 |
2020 | 4 | 4 | 8 |
2019 | 10 | 6 | 16 |
2018 | 6 | 5 | 11 |
2017 | 9 | 2 | 11 |
Serena's Investments by Stage
Serena has made 34 investments in Series A stage with an average round size of $10.4M, 31 investments in Seed stage with an average round size of $5.59M and 20 investments in Series B stage with an average round size of $16.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 34 |
Seed | 31 |
Series B | 20 |
Series C | 4 |
PE | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Serena's Investments by Sector
Serena has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, High Tech and Vertical SaaS. Notably, it has invested in 88 Tech companies, 65 Enterprise (B2B) companies, 65 Software companies and at least 42 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 49 |
Consumer | 16 |
FinTech | 16 |
High Tech | 16 |
Vertical SaaS | 16 |
Others | 107 |
Note: We have considered here, only first round of investments
Serena's Investments by Geography
Serena has made most investments in France (65), followed by United States where it has made 18 investments.Country | No. of Investments |
|---|---|
France | 65 |
United States | 18 |
Switzerland | 2 |
United Kingdom | 2 |
Austria | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Serena's recent investments
Serena has made 3 investments in 2026 so far. OpsMill and Waiv are the latest among them.Here are the most recent investments by Serena:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 07, 2026 | France | Series A | 2973 | [+2] | |
Mar 12, 2026 | France | Series A | 5700 | [+3] | |
Mar 03, 2026 | United States | Series B | 4830 | [+2] | |
Dec 10, 2025 | United States | Seed | 9732 | [+2] | |
Dec 02, 2025 | France | Series A | 5161 | [+4] |
Unicorns in Serena's Portfolio
Serena has 2 unicorns in its portfolio - Uniphore and Dataiku. The most recent unicorn in their portfolio is Uniphore. It became a unicorn in 2022.Here is a list of unicorns in Serena's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of a business artificial intelligence platform with agentic and model layers | 2008 | Palo Alto | Series F | mqonlqg | ||
65 | Provider of a platform for end-to-end enterprise AI and analytics | 2013 | New York | Series F | apmriaz |
Acquired companies in Serena's Portfolio
29 companies from Serena's portfolio have been acquired. The most recent acquisition was Cometh in May 2026 by Kaiko for $*****.Here are Serena's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 20, 2026 | May 05, 2022 | Seed | 7774 | |
May 19, 2026 | Apr 25, 2025 | Seed | 3961 | |
Feb 18, 2026 | Sep 13, 2011 | Series A | 3079 | |
Feb 17, 2026 | Nov 02, 2023 | Seed | 7473 | |
Dec 02, 2024 | Jan 17, 2017 | Seed | 2248 |
Team profile of Serena
Serena has a team of 22 members including 9 Partners and 6 Principals located in France and United States. Serena's team sits on the board of 1 company.Here is a list of top team members in Serena:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | France | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | - | |||
Principal | Paris | - |
Co-investors of Serena
Over the past 18 years, 572 investors have co-invested in Serena's portfolio companies. This includes funds and angels.
- Invested before Serena: Alven, Bpifrance and 243 others have invested in rounds before Serena. There are 5 companies where Alven has invested before Serena and 5 companies where Bpifrance has invested before Serena.
- Top Co-investors of Serena: 202 investors entered a company along with Serena. These include investors like Bpifrance (7 companies).
- Invested after Serena: A total of 125 investors have invested in Serena's portfolio after their investments. Top Investors include Bpifrance (8 companies), Eurazeo (5 companies) and Europa (5 companies).
Recent News related to Serena
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Ex-Roblox Engineer's OpsMill Raises $14M from BGV, Partech for Network Automation Data LayerTech Funding News•May 07, 2026•OpsMill, IRIS, Serena, Partech Partners and 4 others
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OpsMill Secures €11.9M Series A Funding for AI Infrastructure Data SolutionsStartup Rise EU•May 07, 2026•OpsMill, IRIS, Serena, Partech Partners and 1 other
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Owkin creates new spin-off Waiv, formerly Owkin Dx, with $33 million in fundingBusiness Wire•Mar 13, 2026•Owkin, OTB Ventures, AIC, SISTAFUND and 4 others
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DeepIP secures $25M Series B to embed AI across the patent lifecycleTech.eu•Mar 03, 2026•DeepIP, Korelya Capital, Serena, Balderton Capital and 1 other
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France’s Bitstack lands $15M to make Bitcoin savings mainstream in EuropeTech Funding News•Dec 02, 2025•13books Capital, Serena, AG2R LA MONDIALE, Y Combinator and 3 others
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Kotcha Secures €3.5M to Expand AI Coaching Platform for RunnersStartup Rise EU•Oct 24, 2025•Lamaison, TRUGlobal, Serena, Kotcha and 2 others
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Clevergy closes a €3.2 million round led by Racine² and Axon Partners Group to accelerate international expansionEl Referente•Oct 06, 2025•Clevergy, Wayra, Serena, Axon Partners Group and 6 others
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Electra backer Serena closes €200M fund to back AI and climate tech startupsTech Funding News•Oct 01, 2025•Serena
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Riverse Raises €5M in Seed FundingFinSMEs•May 19, 2025•Alven, Racine², Serena, MakeSense.AI and 3 others
