Kalipso, based in Barcelona, has raised $3.2M to help financial institutions across Europe automate regulatory compliance. The company covers over 40 jurisdictions and handles more than 3,000 regulatory updates each day.
Varsity, a seed fund co-founded by Didier Valet, former deputy CEO of Société Générale, led the round. Valet points out that compliance at Europe’s largest banks remains largely manual, fragmented, and reactive.
Kalipso was started by CEO Pierre Ferran, who brought together legal and software engineering experience from Klarna, and COO Virginia Debernardi, who led legal operations at Productsup.
Didier Valet was deputy CEO of Société Générale, where he led corporate and investment banking for one of France’s top financial groups. After leaving in 2018, he became a leading angel investor in Europe, supporting fintech companies like Pennylane and Qonto. He also co-founded Varsity, a Paris-based seed fund aiming for €150M.
Now, he is backing Kalipso, a regulatory technology company founded in 2025 in Barcelona that raised $3.2M to help regulated organisations manage regulatory changes. Other investors in the round include Lanai, Plug and Play, Kima Ventures, and Vento.
