Daphni has been named social fund of the year (Europe) for its Time4 initiative, which is fundraising towards its €100 million ($114,700 million) target.

The "innovative" social impact venture capital vehicle, according to judges, will invest in 'underrepresented founders' from disadvantaged or non-traditional backgrounds in France and Europe.

Approximately 80% of its capital will be focused on investing in founder profile inclusivity, while the remaining 20% is being invested in impact business models, including mobility and access to underserved territories, financial and digital inclusion, access to education, employment, housing and healthcare and purchasing power and affordability for low-income households.

The initiative was launched in December 2024 as an alliance between Daphni, Les Déterminés, Live for Good, and European business school HEC Paris. It continues to fundraise.

The project is classified as Article 9 under the EU's Sustainable Finance Disclosure Regulation (SFDR).