LVMH CEO Bernard Arnault’s family office, Aglaé Ventures, has been actively investing in AI startups this year.
As the founder and CEO of LVMH, Arnault, who is also the fourth richest person globally with a net worth of $184 billion, has focused on artificial intelligence through his tech-focused family office.
In 2024, Aglaé Ventures made five AI-related investments, with total funding rounds exceeding $300 million. The most significant investment was in H, formerly Holistic AI, a French startup aiming for full artificial general intelligence.
This $220 million funding round in May valued H at $370 million. Other notable investments include a $25 million seed round for Lamini, a California-based enterprise AI startup, and a $12 million Series A round for Proxima, a New York AI-powered digital marketing firm.
Aglaé also participated in a $27 million seed round for Toronto-based Borderless AI, a human resource management platform, and invested $43 million in Photoroom, a French AI image editor.
While recent AI investments stand out, Aglaé has a history of tech investments dating back to 2017, including early backing for companies like Netflix, Spotify, and Airbnb.
Although the Arnault family is heavily invested in LVMH, they continue to explore technology and innovation, reflecting Arnault’s longstanding interest in tech startups.
