⚡️ Time4 is a new Daphni-backed fund dedicated to French entrepreneurs with diverse backgrounds France's startup ecosystem has expanded significantly over the past decade, fueled by public support and private investment. However, most venture-backed startups are concentrated in Paris, with founders predominantly from a few elite universities. To address this imbalance, venture capital firm Daphni has launched Time4, a €100 million fund aimed at investing in diverse French founders from rural areas and underrepresented backgrounds. Fundraising for Time4 began in September, driven by the belief that there is untapped economic potential among these entrepreneurs. Daphni has partnered with HEC Paris and two nonprofits, Les Déterminés and Live for Good, to provide more hands-on support and mentorship. The fund plans to invest in around 100 projects, offering larger initial investments to help founders who may lack financial backing. Time4 also aims to inspire individuals from various backgrounds to pursue ambitious entrepreneurial goals. It will consider funding entrepreneurs from modest socioeconomic backgrounds, remote areas, jobseekers, individuals with disabilities, and those with unconventional career paths. The fund is committed to supporting projects that enhance social ties and improve access to essential services. While Time4 has identified nearly 800 potential projects, it will not begin funding until mid-next year, targeting its first closing for that time. The initiative has been presented at Bpifrance’s Quartier Général event, coinciding with efforts by Bpifrance and other organizations to boost entrepreneurship in underserved neighborhoods. French Tech Tremplin, which supports underrepresented entrepreneurs, has recently appointed Paul Lê, whose successful grocery delivery startup La Belle Vie serves as an example of the potential for future successes in the French startup landscape. 💬 Source 📌 Powered by V3V Ventures