French impact firm Daphni agrees on defence tech policy following ‘productive’ team meeting

The team at VC firm Daphni pose for a picture. Supplied
24 feb. 2026
13:28
A few weeks back, Impact Loop learned that French climate and deep tech investor Daphni was having an internal debate amongst its team about how far it is willing to wade into defence tech investments.

After a “productive” internal meeting, the firm has arrived on a way forward, managing partner Pierre-Eric Leibovici tells Impact Loop.

Here's where they draw the line.

Defence tech funding in Europe reached record levels in 2025, partly a consequence of the ongoing war in Ukraine and geopolitical tensions with the US under Donald Trump.

“There are a ton of opportunities in that space right now,” Pierre-Eric Leibovici, managing partner at Daphni, tells Impact Loop.

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