Time4

Time4 is a fund created by Daphni, a venture capital firm. The fund is newsworthy because it recently raised 50 million euros. This funding is specifically earmarked for entrepreneurs from diverse backgrounds and for innovations originating from research laboratories. Pierre-Eric Leibovici, co-founder and managing partner of Daphni, discussed the fund and its focus on financing innovation from underrepresented groups on BFM Business's 'French Tech' program. The fund's creation and successful fundraising are significant because they address the current disparity in venture capital funding, where only a small percentage is allocated to diverse entrepreneurs, despite their untapped potential. This initiative aims to support and unlock the potential of these entrepreneurs and innovations.