French venture capital firm Serena Capital has launched Data Ventures, which is, according to the company, the first European venture capital fund focused on big data and artificial intelligence.
Serena Capital has raised some €80m from French institutional investors that include large financial groups such as Allianz, BNP Paribas, Bpifrance, insurance groups and family offices.
The Data Ventures fund will look at companies involved in big data, artificial intelligence, internet of things, machine learning.
It is the company’s belief that in the coming years, all the business sectors will be disrupted by this innovation (big data) with no equivalent since the birth of internet.
Three entrepreneurs will help selecting and supporting start-ups: Bertrand Diard, founder of Talend, Jamal Labed and Sylvain Gautier, founders of Easyvista.
Serena Capital was founded in 2008.