Breega is a founder-led European and African venture capital firm headquartered in Paris that backs companies from pre-seed to Series A and above in digital, climate and deep tech. It runs a multi-geography structure: Paris and a London office opened around 2018, a Barcelona office opened alongside its EUR 250 million fund in 2022, and an Africa practice launched in 2024 with Breega Africa Seed I and offices in Lagos and Cape Town covering Nigeria, Egypt, South Africa, Kenya, Morocco, Senegal, Ivory Coast and Cameroon. The firm says it only hires people who have built or scaled a company, and it staffs an in-house operational team (talent, marketing, finance, legal) that works with portfolio companies. Its limited partners have included Bpifrance, the European Investment Fund, Isomer Capital, banks and insurers, and the African Development Bank in the Africa fund.
EUR 700M (under management, stated on breega.com) AUM69/100 Power Score™2015 FoundedParis, France
Breega launches its first fund, a EUR 45 million seed and Series A vehicle backed by around 100 entrepreneurs and Bpifrance. The firm's own site dates its founding to 2015; Maddyness dates the creation of the company to 2013.
2021
March: close of Breega Capital Venture 3 at USD 130 million (EUR 110 million), with Bpifrance, the European Investment Fund and Isomer Capital among LPs.
2022
June: EUR 250 million fund closed, the firm's fourth and largest at the time, taking AUM to about EUR 500 million; Barcelona office opened.
2023
October: first close of EUR 75 million on a third-generation European seed fund targeting EUR 150 million, with roughly a third earmarked for the UK.
2024
June: launch of Breega Africa Seed I (EUR 75 million, reported as USD 75 million in some headlines) with new offices in Lagos and Cape Town; the African Development Bank later committed EUR 7.5 million.