France’s Time4 VC fund hits €50M first close to back diverse, rural founders

Tech Funding News reports that Time4, a fund launched with HEC Paris alongside Daphni and several partners, has reached a €50 million first close to back underrepresented entrepreneurs across France. Targeting pre-seed and seed stages, the initiative aims to invest in around 60 startups while addressing structural biases in venture capital and fostering a more diverse pipeline of founders.