Simile Venture Partners

Simile Venture Partners is a Luxembourg-based venture capital firm founded in 2012 that provides hatch-, early-, and seed-stage funding to internet startups worldwide. Led by Founder and President Pascal Clement and General Partner Tatiana Kim, the firm operates with a global mandate that disproportionately allocates to emerging markets — India, Turkey, Latin America, and Southeast Asia — wherever the firm sees an opportunity to build a sizeable business within a five-year period. The investment focus spans consumer internet, digital media, mobile, and B2B2C business models. Simile has made 22 or more investments with standout outcomes including two unicorns and one IPO, plus four acquisitions. The most prominent exits are Spinny — the Indian used-car marketplace where Simile participated in a $13.2 million Series A alongside Accel in May 2019, now a unicorn — Slice (Indian fintech, $2.25 million seed alongside Blume Ventures in October 2017, now a unicorn), and AUTO1 Group, the German used-car platform that went public. Fleksy (keyboard app) received a $1.6 million Series A alongside Inveready in October 2021. The most recent documented investment is Futwork, a Series A of approximately $2.5 million closed September 2024. Simile's edge is its ability to identify category-defining consumer and marketplace businesses in emerging markets before they attract mainstream venture attention. Average participation in Series A rounds has been $4.43 million across seven deals and $2.32 million at seed across four deals. Fund size and AUM are not publicly disclosed.