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Time4 is a new Daphni-backed fund dedicated to French entrepreneurs with diverse backgrounds
France’s startup ecosystem has grown significantly over the last decade, thanks to public support and private investment. However, capital isn’t evenly
This is what VC firm Daphni is hoping to change with Time4, a fund with a target of €100 million and a mandate to invest in French founders from diverse backgrounds and rural areas — fundraising started in September. It isn’t doing that out of charity — one motivation is “the certainty that there is an economic potential that is under-exploited at this stage,” Daphni venture partner Anita de Voisins told TechCrunch. In addition to potential founders coming from a socio-economic background, Time4 will also consider backing entrepreneurs from remote or underprivileged areas, jobseekers, as well as individuals with disabilities, few or no diplomas, or unusual career paths.
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