Venture Capital

Serena

Serena is a Paris-based European venture capital firm founded in 2008 by Xavier Lorphelin, Marc Fournier and Philippe Hayat, investing in Europe-based founders from pre-seed through Series A with initial tickets ranging from EUR 100K to EUR 15M. The firm closed its EUR 200M Fund IV in 2026, bringing total assets under management to over EUR 1 billion, and concentrates on applied AI, the modern data stack and AI infrastructure, SaaS, climate tech and the energy transition, commercial open source, blockchain, quantum, consumer innovation and impact. Serena describes itself as "by entrepreneurs for entrepreneurs" and pairs capital with an in-house operating team (Capital Boost), a dedicated data-focused arm in Serena Data Ventures, and the Racine squared impact and deep-tech vehicle. Its published portfolio of 113 companies includes Dataiku, Memo Bank, Descartes Underwriting, Mindee, Probabl, ACINQ, Brigad and Evaneos, alongside exits such as LaFourchette/The Fork to TripAdvisor, AramisAuto to PSA, PrestaShop to MBE Worldwide, iBanFirst to Marlin Equity Partners, Alkemics to Salsify, Hull to MessageBird, Koyeb and Emmi AI to Mistral, Leonardo.ai to Canva, Shadow to OVH, and the NYSE IPO of Sequans. The firm also publishes an unusually deep public research library, including the French AI Report, the Serena European SaaS Benchmark and the Commercial Open Source Software (COSS) Report. This profile tracks Serena's identity and its portfolio graph across the API Evangelist network.

113 portfolio companies 113 publish APIs here 15 properties
Venture CapitalPre-SeedSeedSeries AEarly StageArtificial IntelligenceDataSoftware-as-a-ServiceClimate TechOpen-SourceFintechInfrastructureImpactEuropeFranceParis
Portfolio Strength across 113 profiled portfolio companies on the network
11 top-rated API companies 0 exemplar · 11 strong
29 agent-ready companies 3 agent-native · 26 agent-ready
Average quality of the book:
Composite emerging 28.9
Agent-Readiness agent-aware 15.8

Firms are ranked by cumulative portfolio strength — how many highly-rated API companies they've backed, weighted by tier across composite quality and agent-readiness. The averages below are a secondary read on the typical company in the book.

Serena has 113 portfolio companies tracked on the APIs.io network, of which 113 (100%) publish APIs indexed here.

Its highest-rated API providers on the network are Memo Bank, Bonitasoft, PyannoteAI, Leonardo.ai, Lengow.

Portfolio on the Network

Portfolio companies that publish APIs indexed on APIs.io, grouped by their API Evangelist rating. Exemplar and Strong are expanded by default.

Strong 11 Solid coverage with minor gaps
Developing 29 Usable, with meaningful gaps to close
Thin 17 Limited public surface area
Emerging 33 Early or largely undocumented
Minimal 23 Almost no public developer surface

Properties

Portfolio

Where the firm publishes its investments

Team

Partners and investing staff

Content

Blog, podcast, newsletter, and research

Firm

The firm itself

Other

Everything else declared in apis.yml

Cohort brief

Auto-generated

The 113 portfolio companies with APIs in the catalog, backed by Serena, scored on the Kin Score. Every figure below is computed from the catalog — nothing here is written.

Providers
113
all scored
Mean Kin Score
29.5
+8.8 vs catalog 20.7
Mean Agent Readiness
16.1
+6.4 vs catalog 9.7
Spread
4.6–67
median 27.2 · σ 18.1
How the 113 split by band
Exemplar 1Strong 12Developing 25Thin 20Emerging 32Minimal 23
Facet averages, against the whole catalog
FacetThis cohortCatalogDifferenceScored
Access Clarity 37.2 22.3 +14.9 113
Developer Ergonomics 30 17.9 +12.1 113
Contract Governance 12.9 6.4 +6.5 113
Discoverability 66.1 60.4 +5.7 113
Operational Transparency 15.9 11.3 +4.6 113
Contract Quality 21.1 17.5 +3.6 113

A facet is averaged over the members that carry it, not over the whole cohort — the “Scored” column is that count. Averaging an absent facet as zero would score our own coverage gaps as the providers’ posture.

What this cohort publishes
ArtifactThis cohortCatalogDifference
MCP server (any) 27% 16% +11
MCP server (first-party) 19% 7% +12
Agent Skills 0% 0% 0
OAuth scopes 14% 9% +5
Security 96% 88% +8
Arazzo workflows 4% 2% +2
Governance rules 4% 13% -9

mcp_pct counts any mcp/ artifact including ones API Evangelist derived from the provider OpenAPI; mcp_first_party_pct counts only servers the provider publishes. Prefer the latter.

Top by Kin Score
  1. 1 Memo Bank 67
  2. 2 Bonitasoft 64.1
  3. 3 iBanFirst 62.6
  4. 4 Lengow 62.4
  5. 5 PyannoteAI 61.4
  6. 6 Koyeb 60.5
  7. 7 Malt 59.5
  8. 8 Edgee 59.4
  9. 9 Leonardo.AI 59.4
  10. 10 Lifen 59.4
Top by Agent Readiness
  1. 1 Heuritech 54.4
  2. 2 iBanFirst 50.4
  3. 3 LaFourchette 47.2
  4. 4 CybelAngel 44.4
  5. 5 H Company 43.3
  6. 6 PyannoteAI 40.9
  7. 7 Memo Bank 40.3
  8. 8 Allo-Media 39.9
  9. 9 Lifen 39.4
  10. 10 CarbonFarm 39.4
All 113 members of this roster resolve to a scored provider in the catalog.Generated from the catalog build of 25 August 2026, across 26891 providers, using the same computation served by the APIs.io cohort API. Briefs are published for rosters of 5 or more scored providers; below that a distribution is not meaningful.

Source (apis.yml)

apis.yml Raw ↑
aid: serena
name: Serena
description: >-
  Serena is a Paris-based European venture capital firm founded in 2008 by
  Xavier Lorphelin, Marc Fournier and Philippe Hayat, investing in Europe-based
  founders from pre-seed through Series A with initial tickets ranging from
  EUR 100K to EUR 15M. The firm closed its EUR 200M Fund IV in 2026, bringing
  total assets under management to over EUR 1 billion, and concentrates on
  applied AI, the modern data stack and AI infrastructure, SaaS, climate tech
  and the energy transition, commercial open source, blockchain, quantum,
  consumer innovation and impact. Serena describes itself as "by entrepreneurs
  for entrepreneurs" and pairs capital with an in-house operating team (Capital
  Boost), a dedicated data-focused arm in Serena Data Ventures, and the Racine
  squared impact and deep-tech vehicle. Its published portfolio of 113 companies
  includes Dataiku, Memo Bank, Descartes Underwriting, Mindee, Probabl, ACINQ,
  Brigad and Evaneos, alongside exits such as LaFourchette/The Fork to
  TripAdvisor, AramisAuto to PSA, PrestaShop to MBE Worldwide, iBanFirst to
  Marlin Equity Partners, Alkemics to Salsify, Hull to MessageBird, Koyeb and
  Emmi AI to Mistral, Leonardo.ai to Canva, Shadow to OVH, and the NYSE IPO of
  Sequans. The firm also publishes an unusually
  deep public research library, including the French AI Report, the Serena
  European SaaS Benchmark and the Commercial Open Source Software (COSS) Report.
  This profile tracks Serena's identity and its portfolio graph across the API
  Evangelist network.
x-type: venture-capital
x-category: Venture Capital
deliveryModel:
  model: unknown
  open_source: false
  commercial: false
  callable_host: false
  label: Delivery model not determined — needs a product licence on record
  confidence: low
  source:
  - none
  generated: '2026-08-28'
  method: derived
accessModel:
  pricing: unknown
  onboarding: unknown
  trial: false
  try_now: false
  public: false
  label: Unknown
  confidence: low
  source: []
  generated: '2026-08-17'
  method: derived
image: https://kinlane-images.s3.amazonaws.com/shared/apis-json/icons/serena.png
tags:
  - Venture Capital
  - Pre-Seed
  - Seed
  - Series A
  - Early Stage
  - Artificial Intelligence
  - Data
  - Software-as-a-Service
  - Climate Tech
  - Open-Source
  - Fintech
  - Infrastructure
  - Impact
  - Europe
  - France
  - Paris
tags_raw:
  - Venture Capital
  - Pre-Seed
  - Seed
  - Series A
  - Early Stage
  - Artificial Intelligence
  - Data
  - SaaS
  - Climate Tech
  - Open Source
  - Fintech
  - Infrastructure
  - Impact
  - Europe
  - France
  - Paris
url: >-
  https://raw.githubusercontent.com/api-evangelist/serena/refs/heads/main/apis.yml
created: '2026-08-17'
modified: '2026-08-17'
specificationVersion: '0.23'
apis: []
common:
  - type: Website
    url: https://www.serena.vc/
  - type: Portfolio
    url: https://www.serena.vc/our-portfolio/
  - type: Portfolio
    url: portfolio/serena-portfolio.yml
  - type: Team
    url: https://www.serena.vc/our-team/
  - type: Team
    url: team/serena-team.yml
  - type: Reports
    url: https://www.serena.vc/templates-and-reports/
  - type: Research
    url: https://www.serena.vc/templates-and-reports/
  - type: News
    url: https://www.serena.vc/serena-in-the-press/
  - type: Sustainability
    url: https://www.serena.vc/serena-sustainability/
  - type: Jobs
    url: https://careers.serena.vc/jobs
  - type: Jobs
    url: https://www.serena.vc/talent-club/
  - type: LinkedIn
    url: https://www.linkedin.com/company/serenaVC
  - type: Twitter
    url: https://twitter.com/serenaVC
  - type: Crunchbase
    url: https://www.crunchbase.com/organization/serena-capital
  - type: Legal
    url: https://www.serena.vc/legal/
  - type: Features
    data:
      - 'Stage: pre-seed to Series A'
      - 'Typical check: EUR 100K to EUR 15M initial ticket'
      - 'AUM: over EUR 1 billion (self-reported, 2026)'
      - 'Current fund: Serena IV, EUR 200M (closed 2026)'
      - 'Prior fund: Serena III, EUR 300M'
      - >-
        Sectors: applied AI, modern data stack, AI infrastructure, SaaS, climate
        tech and energy transition, commercial open source, blockchain, quantum,
        consumer, impact
      - 'Geography: Europe-based founders, with US expansion support'
      - 'Founded: 2008'
      - 'Founders: Xavier Lorphelin, Marc Fournier, Philippe Hayat'
      - 'HQ: 21 rue Auber, 75009 Paris, France'
      - 'Positioning: "Allies to global outliers" / "by entrepreneurs for entrepreneurs"'
      - 'Operating platform: Capital Boost in-house operating team'
      - 'Affiliated vehicles: Serena Data Ventures, Racine2 (racine2.vc), makesense Fund'
      - 'Portfolio: 113 companies published on the public portfolio page'
      - >-
        Notable portfolio and exits: Dataiku, Memo Bank, Descartes Underwriting,
        Mindee, Probabl, ACINQ, Leonardo.ai, Brigad, Evaneos, The
        Fork/LaFourchette, Aramis Auto, Cheerz, iBanFirst, Alkemics, Sequans
      - >-
        Public research: The French AI Report, Serena European SaaS Benchmark,
        Commercial Open Source Software (COSS) Report, Nature Tech VC funding
        report
      - 'Contact: +33 1 77 37 30 30'
    sources:
      - https://www.serena.vc/
      - https://www.serena.vc/our-portfolio/
      - https://www.serena.vc/templates-and-reports/
      - https://www.vestbee.com/insights/articles/serena-closes-200-m-fund-iv
    updated: '2026-08-17'
maintainers:
  - FN: Kin Lane
    email: kin@apievangelist.com
  - FN: APIs.json
    url: http://apisjson.org
  - FN: Serena
    url: https://www.serena.vc/

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Tools for venture capital

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  • find_vcsBrowse and filter every firm in the catalog.
  • vc_portfolioThe firm's portfolio, each company network-matched and rated.
  • find_investorsThe reverse edge — which firms back a given provider.
  • cohort_statsPRO — the portfolio as a scored cohort.
  • apis_io_searchSTART HERE — APIs, providers and tags for one query, each with its total.
  • resolveTurn a domain, URL or GitHub org into the provider it belongs to.
  • find_cohortsEvery scored population of providers in the catalog.
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