# Top 50 Impact Startup Investors in France in October 2023

## Bpifrance
- Type: VC Fund
- Location: Maisons-alfort, Ile-de-France, France
- Relevant deals: 28
- Stages: Seed, Series A
- Focus: Software, Health Care, Information Technology

Bpifrance provides financial solutions for companies that are booting up the listing on the stock exchange and credit equity. It includes OSEO, CDC Entreprises, FSI, and FSI Regions to offer in your area of financial solutions at every stage of the life of your business.Bpifrance was founded in 2012 and is based in Maisons-alfort, Ile-de-France,France.

## Demeter Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 19
- Stages: Series A, Private Equity
- Focus: Manufacturing, Energy, Electronics

Demeter is a major player in venture capital and private equity for the ecological transition. We invest from €1m to €30m to support companies at all stages of their development: innovative startups, high growth SMEs and infrastructure projects.

## Aster
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 14
- Stages: Series A, Series B
- Focus: Software, Energy, Solar

Aster is a Venture Capital firm with offices in 4 major innovation hubs: Paris, London, Tel Aviv and San Francisco. Since 2000, they have partnered with more than 60 teams of entrepreneurs that are transforming markets with disruptive offers and technologies. They are always open to exploring new ideas related to mobility, energy and industrysectors that they have been covering until now. They invest in all stages, with a preference for the early phase.They are more than investors and they intend to act as an ally for entrepreneurs by connecting them to a valuable ecosystem of experts, influencers and business leaders. From marketing to executive talent, their commitment to the growth of their portfolio companies as well as the entire venture ecosystem also involves the commitment of their dedicated Operations team, their innovation strategy consulting firm (Aster Fab) and a crowdfunding branch to further expand opportunities (Aster Crowd).Some of their success stories include Solairedirect (acquired by Engie in 2015), Digital Lumens (acquired by Osram in 2017) and Avantium (IPOed in 2017).

## Demeter
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 13
- Stages: Seed, Series A
- Focus: Software, Manufacturing, Renewable Energy

Demeter is a major player in venture capital and private equity for the energy and ecological transition. They invest from 500 K€ to 30 M€ to support companies at all stages of their development: innovative startups, high growth SMEs and infrastructure projects.

## Paca Investissement
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 12
- Stages: Seed, Series A
- Focus: Software, Internet, Manufacturing

Paca Investissement is specializes in investing in startups and developmental stages. The fund invests in the Provence-Alpes-Côte d'Azur (PACA) region.

## Starquest Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 10
- Stages: Seed, Series A
- Focus: Software, Information Technology, Manufacturing

Starquest Capital is a venture capital firm based in France that helps accelerate the growth of entrepreneurs.

## MAIF Avenir
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 7
- Stages: Series A, Seed
- Focus: Software, Internet, FinTech

MAIF Avenir is a French VC firm investing in post-seed to series B startups founded by French entrepreneurs.

## GO CAPITAL
- Type: VC Fund
- Location: Rennes, Bretagne, France
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Biotechnology, Software, Health Care

GO CAPITAL is a management company approved by the AMF and a member of AFIC. It is based in Rennes, and manages more than 130 million of assets by investing primarily in western France in innovative companies with high growth potential.

## Banque des Territoires
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 5
- Stages: Series A, Seed
- Focus: Information Technology, Software, Cyber Security

Banque des Territoires is a Investment Firm.

## Xerys
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 5
- Stages: Series B, Series A
- Focus: Biotechnology, Consumer Electronics, Health Care

Xery is a portfolio management Company specializing in Venture Capital - Biotech, Medtech, Cleantech, Technology

## Elevation Capital Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 5
- Stages: Series A, Seed
- Focus: Information Technology, Software, Advertising

The management company of the Inter Invest Group.

## Inventures SA
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 5
- Stages: Series A, Seed
- Focus: Health Care, Manufacturing, Biotechnology

Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses.The firm has two funds: Inventures I & Inventures II.Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs.Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest.

## Sofimac Investment Managers
- Type: VC Fund
- Location: Clermont-ferrand, Auvergne, France
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Biotechnology, Health Care, Manufacturing

Acteur incontournable du capital risque de proximité, SOFIMAC PARTNERS accompagne depuis maintenant plus de 30 ans les PME régionales dans le financement de leur développement à moyen / long terme. Répondant à la problématique de sous capitalisation des PME françaises, SOFIMAC PARTNERS intervient en fonds propres aux côtés des chefsd’entreprises quelle que soit leur problématique : Création, Développement, Transmission. Gérant 200 M€ d’actifs au travers de 16 fonds (FCPR, FCPI, SCR, FIP,…), notre groupe réalise ses investissements sur une grande variété de secteurs, couvrant aussi bien les activités traditionnelles que technologiques (chimie verte, éolien, chaudronnerie aéronautique, e-commerce, édition de logiciel, médecine nucléaire etc…)

## WiSEED
- Type: VC Fund
- Location: Toulouse, Midi-Pyrenees, France
- Relevant deals: 4
- Stages: Seed, Equity Crowdfunding
- Focus: Software, Manufacturing, Biotechnology

Wiseed is a crowdfunding platform that enables its users to invest in SMEs and enterprises. The platform offers investments for startups, real-estate firms, social innovation and renewable energy projects, and agriculture firms. It was founded in 2008 by Nicolas Seres and Thomas Merquiol and is based in Toulouse.

## Rhone-Alpes Creation
- Type: VC Fund
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Environmental Engineering, Software, Biotechnology

Rhone-Alpes Creation is a venture capital firm that focuses on early-stage investments in software and biotechnology.

## IRIS
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Series B, Series C
- Focus: Software, E-Commerce, Mobile

Iris Capital is a European VC specialized in digital, fueling entrepreneurs from early stage to growth since 1986. From Paris, Berlin, San Francisco, Tel Aviv, Tokyo and Dubai, Iris Capital supports start-ups and scale-ups in their global expansion with the unique support on its multi corporate partners, including Orange, Publicis, Valeo andBRED.Iris Capital invests in various industries, from platforms to Saas, AdTech, IT infrastructure, cybersecurity, IoT, robotics and mobile services, and is always looking for ambitious industry disrupters led by unique entrepreneurs across the world.

## BTP Capital Investissement
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Series A, Seed
- Focus: Software, Construction, SaaS

BTP Capital Investissement

## Kima Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, SaaS

Kima Ventures is one of the world's most active early-stage investors, investing in 2 to 3 startups per week all over the world; providing founders with funding, network, and support for them to reach the next steps of their journey.The firm invests from seed to Series A, mostly as lead investor but also working alongside other investors;backing ambitious founders who work hard to build awesome things that more and more people use everyday. The company helps them to build a great team, to learn very quickly, to keep the right focus and execute towards growth.Kima takes pride of itself in working side-by-side with entrepreneurs. They claim to understand that fundraising is only one step in the company’s journey, that’s why they take quick decisions and make the fundraising process as smooth as possible so the founders can get back to the work of building their business. Kima considers itself not only an investor, but a network of founders and experts sharing a pay it forward mindset.Headquartered in Paris with an office in London, the company was founded and backed by Xavier Niel, founder of Iliad and supporter of entrepreneurs through such projects as 42, Station F and 101projets. Over the last 5 years Kima has invested in over 400 startups in 24 different countries.

## Amundi Private Equity Funds
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Private Equity, Series A
- Focus: Software, E-Commerce, Biotechnology

Amundi Private Equity Funds, an Amundi asset management subsidiary, specialises in private equity and unlisted infrastructure investments. Combining a wealth of expertise in all aspects of asset management built up over more than 10 years, Amundi provides both institutional and individual investors with a wide spectrum of investmentopportunities, ranging from direct fund investments in unlisted French and foreign companies to dedicated mandates and funds-of-funds for multi-management private equity and infrastructure investments. With more than 60 professionals based in Paris, Bucharest, Cairo, Casablanca, Tunis and Warsaw, Amundi Private Equity Funds assists companies at all stages of their development, the key objective being to offer fund subscribers yields in line with the best in the industry. At 31 December 2009, French and international subscribers had committed more than €3.7 billion to Amundi Private Equity Funds, making it a leading private equity player. The company owes its solid foundations to its positioning as part of a leading third-party asset management group of companies and to its membership of two international banking groups.

## AA Sons
- Type: VC Fund
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Financial Services, Health Care

From Studio, seed, series A to late stage, AA Sons will invest at your side.

## Région Sud Investissement
- Type: VC Fund
- Location: Marseille, Provence-Alpes-Cote d'Azur, France
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Information Technology, Machine Learning

Région Sud Investissement is an investment Firm.

## BNP Paribas
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Series A, Seed
- Focus: Software, Information Technology, Financial Services

BNP Paribas Private Equity brings together the third party private equity teams of BNP Paribas Investment Partners. As of September 2008, this activity has EUR 817 million of assets under management, spread out over five different types of vehicles: funds of funds and investment management mandates, innovation funds (FCPI), local investment funds(FIP ISF), unlisted small cap funds and feeder funds.The asset management activities are supported by:- A strategy and development arm dedicated to the creation of new activities both in and outside France using BNPP IP's global network.- A comprehensive fund administration service.

## Supernova Invest
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Health Care, Medical Device, Software

we believe that top scientists and ambitious entrepreneurs can build a world where cutting-edge technologies shape the next generation of industry leaders.

## ETF Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: Software, Renewable Energy, Information Technology

ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Its funds come from institutional investors, global corporations, and family offices. The firm creates value by investing in and supporting great European companies that deliver Sustainability Through Innovation.

## AQUITI Gestion
- Type: VC Fund
- Location: Bordeaux, Aquitaine, France
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Biotechnology, Software, Manufacturing

Acteur incontournable du capital-investissement en Nouvelle-Aquitaine

## Raise Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: FinTech, Information Technology, Financial Services

Raise Ventures is a Venture Capital structure dedicated to innovative startups in France and Europe.

## Galia Gestion
- Type: VC Fund
- Location: Bordeaux, Aquitaine, France
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Manufacturing, Software, Biotechnology

Galia Gestion is a private equity and venture capital firm. GALIA Gestion is a “management company” approved by the AMF, with majority shareholder Alliance Entreprendre.

## Omnes Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Software, Biotechnology, Health Care

Omnes, "Powering Entrepreneurs" is a Leading private equity firm dedicated to energy transition and innovation.

## M Capital Partners
- Type: VC Fund
- Location: Toulouse, Midi-Pyrenees, France
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Health Care, Food and Beverage, Software

M Capital is an independent investment company with +€500m AuM.
A unique hub where entrepreneurs can have an equity finance and quasi-equity as well as a permanent support to accelerate their growth.
In 2020, M Capital has funded over 200 French companies.

## ACG Management
- Type: VC Fund
- Location: Marseille, Provence-Alpes-Cote d'Azur, France
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Health Care, Biotechnology

Smalt Capital anciennement ACG Management, est un acteur majeur depuis plus de 20 ans

## Truffle Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Biotechnology, Financial Services, Health Care

Business Builders, Truffle

## Speedinvest
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Financial Services

Speedinvest is one of Europe’s most active early-stage investors, with more than €1bn AUM, 40 investors, and offices in Berlin, London, Munich, Paris, Vienna and San Francisco. Your success is our priority, so we don’t just send some money and "check in" at board meetings. Our mission is to empower you with game-changing support throughevery stage of your journey. Our focused investment teams know your industry inside and out. Their Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions experience, know-how and deep networks are yours from day one. You also have full access to our in-house Platform+ team of operational experts who can provide tailored growth marketing, people (HR), US business development, and networking support throughout every stage of your journey.

## Karista
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Software, Biotechnology, Health Care

Karista is an early-stage venture capital firm created in 2001 investing in Health, Digital, Tech, and NewSpace.

## Siparex Groupe
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Private Equity, Seed
- Focus: Manufacturing, Software, Information Technology

Siparex, France,s first multi-sectoral private equity investment company, is founded in Lyon.It was a start-up at a time when the spirit of enterprise was flagging. It emerged in one of France's regions, listed the shares of the original company one of its main vehicles on the stock market, grew internationally, and has become one of theindependent groups in its line of business in the space of 30 years.

## Pays de la Loire Participations
- Type: VC Fund
- Location: Nantes, Pays de la Loire, France
- Relevant deals: 3
- Stages: Private Equity, Seed
- Focus: Manufacturing, Software, Electronics

Pays de la Loire Participations provides finance innovation, productivity and development, especially in a banking context that is increasingly constrained by standards and regulations.The Pays de la Loire region has created the "Pays de la Loire Participations" co-investment fund (PLP) intended for small and medium-sized companieswishing to strengthen their equity. By investing alongside private professional investors, it facilitates risk taking and helps anchor long-term skills on the territory and promotes job creation and wealth.With 14 million euros in capital (20 million in the long term), entirely contributed by the Region, the "Pays de la Loire Participations" fund co-invested an average of around 2.5 million euros annually. average of € 180 K per company. Its intervention as a co-investor is crucial because it allows the VSE / SME beneficiaries to obtain from private financiers and banks, 4 times the funds contributed by Pays de la Loire participations.

## Newfund
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

Newfund is a $300M entrepreneurial VC firm dedicated to pre-seed and seed investments in France and North America, in companies driving global change. The company is always looking for founders who are driven to realize a vision that will significantly alter the world in which we live. In order to appreciate what entrepreneurs are creating andutilize their strengths, Newfund aims to comprehend entrepreneurs as unique individuals.

## BNP Paribas Développement
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Software, Information Technology, Health Care

BNP Paribas Développement is the investment arm of BNP Paribas that specializes in SME development. It specializes in second stage, mezzanine, bridge, acquisition, leveraged buyouts, management buyouts, recapitalization, special situations, and privatizations transactions.The firm considers investments in manufacturing, service industries,medicine, electronics, energy, chemistry, new materials, industrial automations, industrial goods and services, transportation, consumer goods, commerce and distribution, buildings and public works, wholesale retail, biotechnology, telecommunications, and information technology sectors.BNP Paribas Développement was established in 1988 and is based in Paris, France.

## MAIF Impact
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Retail, Apps, Manufacturing

MAIF Investissement Social et Solidaire finances projects that are innovative, committed, and civic. The MAIF group demonstrates its ambition to support its driving role with companies in the social and solidarity economy.
MAIF has supported the development of companies created to meet societal needs, and not simply to generate profits.

## Elaia
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Artificial Intelligence

Elaia is French venture capital firm focused on European digital and deep tech startups, from early stage to growth developpement. We back tech disruptors.

## Rand Hindi
- Type: Angel
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Cryptocurrency

Dr Rand Hindi is an entrepreneur and investor in 50+ deeptech and web3 companies. He is the CEO at Zama, a homomorphic encryption startup. Rand started coding at the age of 10, created a social network at 14, and started his PhD at 21. He then created Snips, the first private-by-design voice assistant, which was acquired by Sonos. He was electedan MIT TR35, a Forbes “30 under 30”, and was a lecturer at Sciences Po in Paris as well as a member of the French Digital Council.He holds a BSc in Computer Science and a PhD in Bioinformatics from University College London (UCL).

## Rhône Dauphiné Développement
- Type: VC Fund
- Location: Grenoble, Rhone-Alpes, France
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Manufacturing, Warehousing, Water

They have succeeded, without means or special support to become a player in the financing of companies each year, performs 700 operations, paying € 100 million credit, bought 1000 M € of bills by factoring. Join the 2500 member companies who work with us. Like them, take your destiny in hand financial. You will not be subject to thediscretion of your banker. Your interests will be defended and your voice heard.

## UI Investissement
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Private Equity, Seed
- Focus: Manufacturing, Health Care, Information Technology

Since 1967, the UI brand embodies a partnership with companies. Actor of the economy, UI has accompanied more than 120 SMEs over the last fifteen years, investing more than 550m € and giving substance to their development projects. Combining experience and corporate culture, UI has established itself as an involved and independent partner, able tocount on its shareholder leaders to favor, independently, the sustainable performance of the SMEs it accompanies.

## Conseil Plus Gestion
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed
- Focus: Software, Energy, Renewable Energy

Conseil Plus Gestion is an entrepreneurial investment management company based in Aix en Provence.

## Celeste Management
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Medical, Health Care, Hardware

Celeste Management is a Swiss family office.

## Spreds
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Health Care, Information Technology, Food and Beverage

We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels.

## IRDI
- Type: VC Fund
- Location: Toulouse, Midi-Pyrenees, France
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Health Care, Software, Biotechnology

IRDI Gestion is a private equity and venture capital institution.

## Emertec
- Type: VC Fund
- Location: Grenoble, Rhone-Alpes, France
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Biotechnology, Energy

EMERTEC’s experienced investment team has developed proven track record and has been able to develop close ties with major industrial players, many of them also being investors in their funds.These close ties are extremely valuable as to understand medium and long-term requirements of major order placers and high-level commercial opportunities.This brings visibility and confidence for entrepreneurs as well as for its investors.Their objective is to create value by turning ground-breaking technological innovations into commercial and financial successful companies.

## New Wave
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Finance, Payments

New Wave is a seed only fund, whose purpose is to back the next generation of successful European founders. New Wave was co-founded by two early-stage investors Pia d'Iribarne (ex-Accel, Stride) and Jean de La Rochebrochard (Kima), and is backed by a group of iconic founders (Free, Zenly, Voodoo, Sorare) and GPs from the best later-stage funds(Coatue, Benchmark, DST, Insight Partners).

## Caisse d’Epargne
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Debt Financing, Seed
- Focus: Health Care, Biotechnology, Manufacturing

Caisse d’Epargne is a cooperative bank that supports all economic players. It shares its values ​​of social responsibility and humanism with its member customers. It is committed to the heart of the regions, the 15 regional savings banks are involved on a daily basis in their clients' projects and provide them with tailor-made solutions.Ithas now had 4.8 million members and 20.6 million customers, managed by 4,182 bank branches and the My Online Banker branch.It was created in 1818 and is headquartered in Paris, France.

## Revent
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Venture Capital, Information Technology

Revent is a tech fund backing purpose-driven founders addressing the biggest challenges of our time.

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