Convivialité Ventures
Convivialité Ventures is a company.
Active
Updated: ·
Financial History
Total Raised
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Valuation
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Leadership Team
Key people at Convivialité Ventures.
Convivialité Ventures is a company.
Key people at Convivialité Ventures.
Convivialité Ventures is the corporate venture capital arm of Pernod Ricard, a French multinational alcoholic beverages company, based in San Francisco.[1][3][4] Its mission centers on investing in early-stage technology companies that redefine socialization, entertainment, and shared experiences—termed "convivialité"—particularly in food and beverage, hospitality, and tech sectors.[1][3] The firm targets Series A to C startups with check sizes from $250K to $10M, emphasizing innovative experiences powered by technology, and supports entrepreneurs through growth phases.[1][3]
With peak activity in 2019, Convivialité typically joins rounds with 5-6 participants, investing in 2-6 deals annually at valuations of $5-10M (average startup age 2-3 years), and focuses geographically on the US while open to Europe and select global markets.[2][3] Notable portfolio companies include ResortPass and AvantStay in tourism and marketplace verticals, contributing to the startup ecosystem by bridging corporate resources with emerging convivial tech innovators.[2]
Convivialité Ventures emerged as the venture arm of Pernod Ricard, leveraging the parent company's expertise in alcoholic beverages to scout tech-driven disruptions in related spaces.[1][4] Established in North America with its leading office in San Francisco (580 Howard, CA 94105), the firm aligns its foundation country with primary US investments.[2][3]
While specific founding year and key partners are not detailed in available data, its high activity peaked in 2019, evolving to prioritize early-revenue through scaling stages in conviviality-focused tech.[2][3] This corporate VC structure has positioned it alongside co-investors like Tamarisc Ventures, Presidio Bay Ventures, Abstract Ventures, Maveron, and Zeno Ventures, often followed by RXR Realty and Corigin in later rounds.[2]
Convivialité Ventures rides the wave of experiential tech—AI, platforms, and marketplaces transforming socialization post-pandemic, especially in hospitality and food/bev where Pernod Ricard's domain expertise amplifies bets.[1][3] Timing aligns with rising demand for innovative consumer experiences, as startups like ResortPass (vacation rentals) and AvantStay (hospitality) capitalize on tourism recovery and hybrid leisure trends.[2]
Market forces favoring it include corporate VC resurgence for strategic innovation, with its $250K-$10M checks filling gaps in early-growth funding amid tighter VC markets.[1][3] It influences the ecosystem by injecting beverage giant resources into tech disruptors, fostering cross-sector hybrids (e.g., tech-enabled bars/events) and bridging Europe-US investments in a fragmented conviviality space.[2][3]
Convivialité Ventures is poised to expand amid AI-driven personalization in hospitality and social tech, potentially doubling down on Europe/Asia per its target countries while scaling Pernod Ricard synergies.[3] Trends like immersive experiences (AR/VR events) and sustainable foodtech will shape its path, with follow-on co-investors signaling sustained momentum.[2]
Its influence may evolve toward deeper operating roles, mentoring "convivialité" unicorns that blend tech with real-world indulgence—reinforcing its core as Pernod Ricard's innovation engine in a socializing world.[1][3]
Key people at Convivialité Ventures.