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Top 50 Medical Device Startup Investors in France (May 2026)

The most active venture capital funds and angel investors investing in France Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in France Medical Device startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Bpifrance
VC Fund
14 France, United States, Switzerland Seed, Series A Software, Health Care, Information Technology $643k–$29M
Karista
VC Fund
11 France, United States, Norway Seed, Series A, Series B Software, Biotechnology, Health Care $321k–$32M
Sofimac Investment Managers
VC Fund
10 France, Italy, Austria Seed, Series A Biotechnology, Health Care, Manufacturing $268k–$14M
Seventure Partners
VC Fund
10 France, United States, Germany Series A, Series B Biotechnology, Health Care, Software $2.4M–$35M
GO CAPITAL
VC Fund
9 France, Canada, Israel Seed, Series A Biotechnology, Software, Health Care $504k–$6.4M
Kurma Partners
VC Fund
8 France, Spain, Switzerland Series A, Seed, Series B Health Care, Biotechnology, Medical $2.1M–$80M
Sofinnova Partners
VC Fund
7 France, United States, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $4.4M–$57M
Omnes Capital
VC Fund
6 France, United States, Belgium Series A, Series B Software, Biotechnology, Health Care $3.2M–$37M
Crédit Agricole
VC Fund
6 France, United States, Italy Seed, Debt Financing Software, Health Care, Internet $536k–$1.2B
Idinvest Partners
VC Fund
6 France, United States, Spain Series B, Series A Biotechnology, Software, Health Care $3.2M–$53M
IRDI
VC Fund
6 France Series A, Series B Health Care, Software, Biotechnology $1.6M–$21M
M Capital Partners
VC Fund
6 France, United States, Canada Seed, Series A Health Care, Food and Beverage, Software $643k–$27M
WiSEED
VC Fund
5 France Seed, Equity Crowdfunding Software, Manufacturing, Biotechnology $321k–$2.9M
Angels Santé
VC Fund
5 France, India, United States Seed, Angel Health Care, Medical Device, Biotechnology $482k–$2.6M
Elaia
VC Fund
5 France, United States, Spain Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $857k–$27M
Finovam Gestion
VC Fund
5 France, United States Seed, Series A Software, Information Technology, Medical Device $493k–$3.9M
Galia Gestion
VC Fund
4 France, United States Series A, Seed Manufacturing, Software, Biotechnology $536k–$7M
Nord France Amorcage
VC Fund
4 France Seed, Series A Software, Information Technology, 3D Technology $321k–$2.5M
Inserm Transfert Initiative
VC Fund
4 France, Switzerland, United States Series A, Series B, Seed Biotechnology, Medical, Health Care $1.1M–$35M
Crédit Mutuel Innovation
VC Fund
4 France, United States, Canada Series A, Series B Software, Health Care, Biotechnology $3.2M–$32M
BNP Paribas Développement
VC Fund
4 France, Germany Series A, Series B Software, Information Technology, Health Care $2.7M–$60M
Auriga Partners
VC Fund
4 France, United States, Switzerland Series B, Series A Biotechnology, Health Care, Medical $2.1M–$31M
Pontifax
VC Fund
3 United States, Israel, France Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $3.8M–$100M
Supernova Invest
VC Fund
3 France, Switzerland Series A, Seed Health Care, Medical Device, Software $1.5M–$18M
ACG Management
VC Fund
3 France, Madagascar Seed, Series A Software, Health Care, Biotechnology $857k–$7.1M
AQUITI Gestion
VC Fund
3 France, United States Seed, Series A Biotechnology, Software, Manufacturing $170k–$12M
Sham Innovation Santé
VC Fund
3 France Series B, Series A Biotechnology, Medical Device, Medical $5.6M–$80M
iBionext
VC Fund
3 France Series A, Seed Medical Device, Artificial Intelligence, Biotechnology $7.5M–$15M
Newfund
VC Fund
3 France, United States, Canada Seed, Series A Software, Information Technology, SaaS $857k–$10M
Cap Innov'Est
VC Fund
3 France Seed, Series A Biotechnology, Pharmaceutical, Health Care $536k–$7.5M
Partech
VC Fund
2 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, Financial Services $1M–$54M
Sodero Gestion
VC Fund
2 France Seed, Series A Software, Information Technology, Telecommunications $214k–$2.1M
Medevice
VC Fund
2 France Seed, Series A Medical Device, Health Care, Medical
Mérieux Equity Partners
VC Fund
2 France, Sweden, Belgium Series A, Private Equity Biotechnology, Medical, Health Care $10M–$18M
Pays de la Loire Participations
VC Fund
2 France Private Equity, Seed Manufacturing, Software, Electronics $161k–$2.1M
UI Investissement
VC Fund
2 France, Canada, United States Private Equity, Seed Manufacturing, Health Care, Information Technology $2.1M–$48M
A Plus Finance
VC Fund
2 France, United States Series A, Series B Software, E-Commerce, Telecommunications $2.1M–$13M
Happy Capital
VC Fund
2 France, China Seed Music, Sensor, Internet $394k–$536k
Altur Investissement
VC Fund
2 France Seed Manufacturing, Medical Device, Hardware $268k–$268k
BNP Paribas
VC Fund
2 France, United Kingdom, India Debt Financing, Post-IPO Debt Financial Services, Information Technology, Software $7M–$3.8B
European Investment Bank
VC Fund
2 France, Germany, Ireland Debt Financing, Post-IPO Debt Biotechnology, Health Care, Software $6.4M–$536M
Norgine Ventures
VC Fund
2 France, United Kingdom, United States Debt Financing, Series A Health Care, Medical Device, Biotechnology $2.5M–$16M
IXO Private Equity
VC Fund
2 France, United States Private Equity, Series A Manufacturing, Software, Biotechnology $2.1M–$30M
Fly Ventures
VC Fund
2 United Kingdom, Germany, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, Internet $1.2M–$16M
Siparex Groupe
VC Fund
2 France, United States, Italy Private Equity, Seed Manufacturing, Software, Information Technology $643k–$31M
Karot Capital
VC Fund
2 France Seed, Series A Robotics, Cosmetics, E-Commerce $804k–$8.6M
IT-Translation
VC Fund
2 France Seed, Series A Software, SaaS, Artificial Intelligence $321k–$5.4M
NBGI Ventures
VC Fund
2 France, Denmark, United States Series B, Series A Health Care, Biotechnology, Medical Device $11M–$33M
Ace Capital Partners
VC Fund
2 France, Germany, Belgium Series A, Series B Software, Manufacturing, Cyber Security $1.5M–$16M
TRAIL SOLUTIONS PATRIMOINE
VC Fund
2 France Seed, Series B Manufacturing, Medical Device, Electronics $268k–$268k
Access all 317 investors in France Medical Device startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Bpifrance
VC Fund · Maisons-alfort, Ile-de-France, France · 14 investments in France Medical Device startups, 117 in the past 12 months

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: France, United States, Switzerland

Investor stats

  • Total investments: 667
  • Round size: Seed $643k–$5.4M; Series A $2M–$29M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Nonna Lab — Make the Most. Le laboratoire qui vous rend la vie meilleure.
  • Altior — Altior is an IT company that offers cloud industrial management software and ERP solution.
  • Umiami — Umiami Technologies is a leader in plant-based meat. Our proprietary technology allows us to create clean-label and incredibly tasty foods.
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Karista
VC Fund · Paris, Ile-de-France, France · 11 investments in France Medical Device startups

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

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Norway

Investor stats

  • Total investments: 129
  • Round size: Seed $321k–$2.8M; Series A $1.1M–$4.3M; Series B $2.5M–$32M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Bfore.AI — Starting from patented technology developed in years of research, BforeAi is the prediction service that looks for newly registered or morphed domains, and score their maliciousness looking at metadata and links to other bad guys.
  • Exotrail — Exotrail is an end-to-end space mobility operator. Our mission is to enable small satellites to move in space, optimise their deployment, increase their service performance, and reduce space pollution.
  • Look Up Space — Lookup space is the next global leader for space safety, security and sustainability
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Sofimac Investment Managers
VC Fund · Clermont-ferrand, Auvergne, France · 10 investments in France Medical Device startups

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…)

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Investment focus

  • Industry: Biotechnology, Health Care, Manufacturing
  • Stage:Seed, Series A
  • Geography: France, Italy, Austria

Investor stats

  • Total investments: 72
  • Round size: Seed $268k–$1.9M; Series A $1.6M–$14M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Blue Valet — Blue Valet is a provider of valet parking-parking at airports and train stations.
  • Mob-Energy — Mob-Energy is a privately held company specializing in the development of mobile and innovative charging solutions. It designs autonomous charging robots capable of moving energy where it is needed, optimizing the site's existing infrastructure. The company was founded in 2018 and is headquartered in Villeurbanne, Auvergne-Rhône-Alpes.
  • Snowleader — Votre boutique en ligne (qui sent bon le reblochon) spécialiste des sports d’hiver, outdoor et street.
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Seventure Partners
VC Fund · Paris, Ile-de-France, France · 10 investments in France Medical Device startups, 7 in the past 12 months

Seventure Partners is a French venture capital firm targeting in information and communication technology, and life sciences companies. It funds innovation and participates in the entrepreneurial adventure, alongside entrepreneurs and sharing their passion.Founded in 1997, Seventure Partners is one of the European leaders in venture capital, with€ 660 million under management as of December 31, 2016. It is an active partner of innovative companies that, according to the management team, show strong growth potential and evolving in two fields of activity: Digital Technologies and Life Sciences. With more than 20 employees, including some 15 investors, Seventure Partners has a proven track record and in-depth expertise in technology, entrepreneurship, and various private equity operations.Seventure's goal is to identify and support the development of tomorrow's European leaders in order to accelerate their growth. To do this, the firm provides entrepreneurs with the expertise, networks, and know-how of its internal team of investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 175
  • Round size: Series A $2.4M–$18M; Series B $3M–$35M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sinay — Use the full potential of your data with intelligent solutions. Become more efficient on a daily basis and reduce your environmental impact.
  • Allozymes — Allozymes, Pte. Ltd. is a leading deep technology company applying innovative ultrahigh-throughput microfluidics technology to accelerate enzyme evolution and development. We developed sensitive, accurate, and generic assays for the detection of enzymatic reactions, proprietary microfluidic chips and proteomics technologies to take enzymedevelopment to the next level.
  • Vedanta Biosciences — Vedanta Biosciences is a developer of immunotherapies designed to treat immune-mediated and infectious diseases. The company's immunotherapies include a suite of proprietary assays to select pharmacologically potent strains, vast proprietary datasets from human interventional studies, and facilities for cGMP-compliant manufacturing ofrationally-defined bacterial consortia in powder form, enabling physicians to access live bacteria drug to treat autoimmune and inflammatory diseases easily.It was founded in 2010 and is headquartered in Cambridge, Massachusetts.
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GO CAPITAL
VC Fund · Rennes, Bretagne, France · 9 investments in France Medical Device startups, 8 in the past 12 months

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.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Seed, Series A
  • Geography: France, Canada, Israel

Investor stats

  • Total investments: 104
  • Round size: Seed $504k–$4.2M; Series A $1.7M–$6.4M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Abcely — Abcely is a biotech firm that is working on a novel anti-cancer medication.
  • Episto — Episto helps you collect ultra-authentic insights from your targets, anywhere in the world, simply and instantly
  • Kanta — Kanta provides an anti-money laundering technology that automates data gathering and processing operations while maintaining standard compliance. Kanta automates time-consuming activities and manages AML regulatory monitoring.
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Kurma Partners
VC Fund · Paris, Ile-de-France, France · 8 investments in France Medical Device startups

Kurma Partners is a management company based in Paris, specializing in the financing of innovation in healthcare and biotechnology, from pre-creation to development capital. Kurma Partners, which manages the Kurma Biofund I, II funds and the Kurma Diagnostics fund, is one of the main players in the financing of therapeutic and medical innovationsin Europe, particularly through links with many institutes. research and prestigious hospitals.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Seed, Series B
  • Geography: France, Spain, Switzerland

Investor stats

  • Total investments: 95
  • Round size: Seed $2.1M–$7.5M; Series A $2.1M–$50M; Series B $4.1M–$80M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $89M in 2020

Portfolio highlights

  • Xeltis — Xeltis is pioneering a restorative approach in cardiovascular therapy.
  • Axithra — Saving lives and improving health economics through significant advancement of therapeutic drug monitoring (TDM).
  • Kiro — Kiro is an IT company that offers artificial intelligence, ergonomic design, and software development solutions for medical biology.
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Sofinnova Partners
VC Fund · Paris, Ile-de-France, France · 7 investments in France Medical Device startups, 21 in the past 12 months

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 232
  • Round size: Series A $4.4M–$53M; Series B $7M–$57M; Series C $10M–$54M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Crescendo Biologics — Crescendo Biologics is a new Cambridge-based company whose vision is to deliver next-generation antibody therapeutics based on novel class-leading platforms.The focus of the company is on developing platforms that will address key issues in generating high-affinity, soluble, human VH antibody fragments. These are the smallest fragments thatretain antibody binding, and have many desirable properties as potential therapeutics. Crescendo will then utilise these platforms for product development of in-house targets or in partnership with other companies.
  • Sitryx Therapeutics — Sitryx is a biopharmaceutical company focused on regulating cell metabolism to develop first-in-class disease modifying therapeutics in immuno-oncology and immuno-inflammation. The company was co-founded by a team of world-leading scientists from the United States and Europe who have contributed significantly to the field of immunometabolism.Sitryx was founded in 2018 with seed funding from SV Health Investors and raised $30 million Series A funding from an international syndicate of specialist investors including SV Health Investors, Sofinnova Partners, Longwood Fund and GSK. The company has a pipeline of projects at multiple stages of drug discovery. Sitryx is headquartered in Oxford, UK.
  • Tenpoint Therapeutics — Tenpoint Therapeutics is a biotechnology company pursuing vision-restoring engineered cell-based therapeutics.
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Omnes Capital
VC Fund · Paris, Ile-de-France, France · 6 investments in France Medical Device startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series A, Series B
  • Geography: France, United States, Belgium

Investor stats

  • Total investments: 152
  • Round size: Series A $3.2M–$21M; Series B $4M–$37M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $407M in 2020

Portfolio highlights

  • Iktos — Iktos is the only company to offer generative modeling with built-in synthetic accessibility for successful drug discovery
  • DiogenX — We incorporated DiogenX with the objective to provide new therapeutic solutions for diabetic patients. With Patrick Collombat and the team, we are focused on developing a first-in-class regenerative treatment for type 1 diabetes. Benjamin Charles CEO See the team News See more Our Work OUR APPROACH ABOUT DIABETES
  • The Exploration Company — For Space & Non-Space Industries.
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Crédit Agricole
VC Fund · Paris, Ile-de-France, France · 6 investments in France Medical Device startups, 13 in the past 12 months

Credit Agricole is a banking corporation with focuses on corporate and investment banking, retail banking, and savings management. Crédit Agricole Group is a responsible, helpful bank serving 49 million customers, 7.4 million mutual shareholders, and 1.2 million shareholders. Crédit Agricole Group supports its customers in their plans and projectsin France and around the world, through its operations in all segments of the market including insurance, real estate, payment systems, asset management, leasing and factoring, consumer finance, and corporate and investment banking. Crédit Agricole also stands out for its dynamic, innovative corporate social responsibility policy serving the economy. This policy is based on a pragmatic approach that permeates throughout the entire Group and engages all its employees. Its recent inclusion in the Vigeo-NYSE Euronext extra-financial indices is recognition of this engagement.

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Investment focus

  • Industry: Software, Health Care, Internet
  • Stage:Seed, Debt Financing
  • Geography: France, United States, Italy

Investor stats

  • Total investments: 108
  • Round size: Seed $536k–$4.3M; Debt Financing $1.6M–$1.2B
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • 4.71 — 4.71 is a system that allows to connect all of the technologies used in business financial management. Collections, purchases, overheads, payroll, pre-accounting, and even the accounting production tool can all be automated.
  • Muule — Muule, an ethical outdoor equipment distributor, examines companies before distributing them. Each brand sold on the site is subject to an eco-responsibility barometer that considers three important indicators: product eco-design, manufacturing chain, and corporate social responsibility (CSR).
  • Mob-Energy — Mob-Energy is a privately held company specializing in the development of mobile and innovative charging solutions. It designs autonomous charging robots capable of moving energy where it is needed, optimizing the site's existing infrastructure. The company was founded in 2018 and is headquartered in Villeurbanne, Auvergne-Rhône-Alpes.
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Idinvest Partners
VC Fund · Paris, Ile-de-France, France · 6 investments in France Medical Device startups

Idinvest Partners is a pan-European private equity manager focused on the low and middle-market segments. With over 6 billion euros under management, the company has developed several complementary areas of expertise, including equity investments in buyout deals focusing on both mid-size as well as young innovative European companies; primaryinvestments in European private equity funds focusing primarily on the middle market segment; secondary investments; mezzanine investments in Europe; and private equity consulting.Idinvest Partners’ recent success stories include Criteo, Clear2Pay, Meetic, Prosensa, Converteam, Kwik Fit, Lastminute.com, Dailymotion, Deezer, Talend, Synthesio, Menlook, Vestiaire Collective, Pretty Simple, Curse.com, Withings, Kantox, Secret Escapes, Happn, Peakon, Dayuse, Botify, Financefox, Azalead and many more.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Series B, Series A
  • Geography: France, United States, Spain

Investor stats

  • Total investments: 217
  • Round size: Series A $3.2M–$15M; Series B $7.4M–$53M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $86M in 2021

Portfolio highlights

  • Corti — Corti offers a digital assistant, augmenting medics in improving patient outcomes and internal performance.
  • Coave Therapeutics — Coave Therapeutics is active in the field of gene therapies in rare ocular and CNS (Central Nervous System) diseases.
  • BreezoMeter — BreezoMeter offers personalized air quality & pollen data as well as active fire alerts with worldwide coverage & accuracy down to the street level.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
IRDI
VC Fund · Toulouse, Midi-Pyrenees, France · 6 investments in France Medical Device startups

IRDI Gestion is a private equity and venture capital institution.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Series B
  • Geography: France

Investor stats

  • Total investments: 36
  • Round size: Series A $1.6M–$21M; Series B $3.1M–$6.5M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • REEV — REEV motorizes medical orthoses to help millions of people affected by gait disorders to walk, stand, sit and climb stairs with greater ease every day.
  • Mon Chasseur Immo — Mon Chasseur Immo is a Real Estate, based in Languedoc Roussillon.
  • Micropep Technologies — Micropep Technologies developes a non-GMO new generation of bioherbicides and biostimulants. Micropep, founded in 2016 in Toulouse, focuses on bioherbicides and biostimulants. The company uses plants’ natural molecules, called “micro-peptides”, to temporarily control expression of their genes and regulate plant growth but leaving their DNA intact.The company currently works on four development programs: germination, flowering, growth, and weed control.
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M Capital Partners
VC Fund · Toulouse, Midi-Pyrenees, France · 6 investments in France Medical Device startups

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.

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Investment focus

  • Industry: Health Care, Food and Beverage, Software
  • Stage:Seed, Series A
  • Geography: France, United States, Canada

Investor stats

  • Total investments: 97
  • Round size: Seed $643k–$5M; Series A $1.9M–$27M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Ellona — Ellona develops environmental intelligence solutions-based devices for outdoor and indoor spaces. Its solutions help decision-makers improve their environments through the use of sensors capable of analyzing and monitoring both air quality and nuisances.
  • Olino — Olino is the insurance for tomorrow's SME. A digital service, a turnkey solution tailored to VSBs and SMEs, meeting all insurance needs.
  • Therapixel — Therapixel is one of the leading French software companies specializing in artificial intelligence applied to medical imaging.
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WiSEED
VC Fund · Toulouse, Midi-Pyrenees, France · 5 investments in France Medical Device startups

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.

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Investment focus

  • Industry: Software, Manufacturing, Biotechnology
  • Stage:Seed, Equity Crowdfunding
  • Geography: France

Investor stats

  • Total investments: 27
  • Round size: Seed $321k–$2.9M; Equity Crowdfunding $455k–$2.7M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Dianosic — Dianosic was founded in 2017 and develops innovative solutions in the field of ENT (Ear, Nose & Throat), a $50 billion, double digit growth, and still largely underserved market. Our startup operates right at the frontier between Medtech and Biotech, as we see tremendous opportunities for drug-device combinations in this specialty. The projectoriginates from the ENT Department from the University Hospital of Strasbourg, where unmet clinical needs have been identified. Our main focus areas are Chronic Rhinitis, Chronic Sinusitis and intranasal bleeding (Epistaxis). Noteworthy, Dianosic has a strong French and German footprint in R&D and manufacturing.Dianosic’s strategic goal is to establish new standards of care in Chronic Rhinitis and Chronic Sinusitis with its drug-eluting Active Resorbable Scaffold (ARIS). This drug-device combination ARIS platform, developed with world renowned resorbable polymers experts, has the potential to establish new treatment paradigms. Moreover, our ARIS platform creates immense opportunities to create other verticals, especially in the field of chronic migraine and facial pain.Beside this, Dianosic commercialize an Asymmetric Intranasal inflatable solution (CAVI-T) for the treatment of intranasal bleeding, a widespread condition in ENT that affects 10% of the population. This CE marked and FDA registered technology addresses a clear unmet need and demonstrated our ability not only to develop a differentiated technology in record time, but also to successfully transition from R&D to Sales. We are currently present in relevant markets in EU and paving the way to launch in the U.S. in the mid term. Noteworthy, since our main call point is the ENT, CAVI-T prepares the ground for our upcoming ARIS platform.
  • VistaCare — "Making Difficult Wounds Easy" : VistaCare is a Breakthrough and non-invasive Medical Device designed for treatment during the critical phases of the wound.
  • BiPER Therapeutics — BiPER Therapeutics : First-In-Class Therapeutics to Treat Cancer. Biotech company founded in 2021 to develop and commercialize novel therapeutics.
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Angels Santé
VC Fund · Puteaux, Ile-de-France, France · 5 investments in France Medical Device startups

Angels Santé is a networking site for investors and companies in the health sector.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Angel
  • Geography: France, India, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $482k–$2.6M; Angel $643k–$1.3M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Abcely — Abcely is a biotech firm that is working on a novel anti-cancer medication.
  • Odimma — Empowering personalized immunotherapy to treat cancer
  • Ensweet — Ensweet is a telemedicine platform intended to offer telerehabilitation services to patients. They offer equipment so that everyone can exercise whenever possible, enabling patients to have accessible rehabilitation.
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Elaia
VC Fund · Paris, Ile-de-France, France · 5 investments in France Medical Device startups, 15 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Spain

Investor stats

  • Total investments: 151
  • Round size: Seed $857k–$5.4M; Series A $2M–$21M; Series B $3.5M–$27M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Aviwell — Aviwell’s mission is to develop healthy, native, natural, and sustainable solutions to improve animal health and growth to better nourish the planet ... At a fraction of the cost.
  • Hema.to — Hema.to provides fully automated, AI-powered blood cancer detection suggestions based on flow cytometry data.
  • Greenbids — Reducing digital advertising carbon emissions with machine learning.
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Finovam Gestion
VC Fund · Villeneuve, Provence-Alpes-Cote d'Azur, France · 5 investments in France Medical Device startups

Finovam Gestion is an investment company approved by the AMF which takes minority stakes in innovative SMEs with high growth potential.The company, which manages €50M, invests in companies that have developed innovative offers in the following target sectors: Information and Communication Technology, Health and Biotechnologies, Agro-resources andEcotechnologies.Finovam Gestion has built solid relationships with the ecosystem of entrepreneurship (Industrials, Poles of Competitiveness, Incubators, Accelerators, Universities, and Research Centers) in all the sectors that we target in order to be able to source and do emerge the best companies.Among our investors (LPs), we can count BPI France, manufacturers (ADEO, LESAFFRE, TEREOS), banks (BNP Paribas, Caisse d´Epargne, Crédit Agricole) and the Haut de France and Grand-Est regions.

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Investment focus

  • Industry: Software, Information Technology, Medical Device
  • Stage:Seed, Series A
  • Geography: France, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $493k–$3.9M; Series A $536k–$3.8M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Ensweet — Ensweet is a telemedicine platform intended to offer telerehabilitation services to patients. They offer equipment so that everyone can exercise whenever possible, enabling patients to have accessible rehabilitation.
  • OverSOC — OverSOC is a CAASM cybersecurity software that enables you to quickly aggregate and correlate data from your other cybersecurity tools: asset management, vulnerability management, endpoint detection and response, and more.
  • Miraxess — Discover how Miraxess's cutting-edge B2B solutions can revolutionize your business operations. Explore our lapdocks and docking station now!
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Galia Gestion
VC Fund · Bordeaux, Aquitaine, France · 4 investments in France Medical Device startups

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.

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Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Series A, Seed
  • Geography: France, United States

Investor stats

  • Total investments: 54
  • Round size: Seed $536k–$2.9M; Series A $536k–$7M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2013

Portfolio highlights

  • Wizaly — Optimize the ROI of your marketing mix based on our 100% data driven view of the performance of your marketing channels.Unlock the Power of Marketing Analytics at Wizaly.com: Optimize Your Marketing Campaigns, Maximize ROI, and Understand the Customer Journey. Discover actionable insights and data-driven strategies to drive your business forward. Start your journey to marketing success today!
  • Agenium — Agenium offers career perspectives in an international and tech environment. They offer this through the specific expertise of their business units. They offer solutions to the business and of the defense, industry, and space sectors.
  • Germitec SAS — Germitec is a healthcare company that designs, Commercialize UV-C disinfection systems for hospital hygiene system.
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Nord France Amorcage
VC Fund · Lille, Nord-Pas-de-Calais, France · 4 investments in France Medical Device startups

Nord France Amorçage is a regional co-investment fund, exclusively supported by the Hauts-de-France Region. This seed fund has been involved since 2013 in financing innovative businesses that create jobs and add value to the region. In 6 years, NFA has more than 50 participants spread across the region.

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Investment focus

  • Industry: Software, Information Technology, 3D Technology
  • Stage:Seed, Series A
  • Geography: France

Investor stats

  • Total investments: 22
  • Round size: Seed $321k–$2.5M; Series A $1.1M–$2.1M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Axorus — Axorus develops neuro electronic interfaces to enable everyone to enjoy long lives at full capacity (sensory, motor and cognitive).
  • Ensweet — Ensweet is a telemedicine platform intended to offer telerehabilitation services to patients. They offer equipment so that everyone can exercise whenever possible, enabling patients to have accessible rehabilitation.
  • PrivaMap — PrivaMap develops a Saas platform that guides drivers on private sites. It creates a cross-platform application that provides a geo-navigation service for professional vehicle rides in large-scale infrastructures. The company was founded in 2021 and is based in Lille, France.
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Inserm Transfert Initiative
VC Fund · Paris, Ile-de-France, France · 4 investments in France Medical Device startups

Inserm Transfert Initiative is a seed stage life science vehicle currently managing about €4.2M for the financing of new biotech companies. Inserm Transfert Initiative is the new investment vehicle of INSERM in France.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: France, Switzerland, United States

Investor stats

  • Total investments: 21
  • Round size: Seed $2.7M–$3.6M; Series A $1.1M–$35M; Series B $2.1M–$30M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Eyevensys — Eyevensys is a address critical unmet needs in ophthalmology by providing a much better way of delivering ophthalmic drugs that overcomes the limitations of current options, such as intravitreal injections, surgery, intravitreal implants and biodegradable formulations. All of these current options have their drawbacks, given they are invasiveprocedures. Eyevensys’ goal is not only to improve short and long term therapeutic outcomes, but also to enhance compliance, improve ocular bioavailability and tolerability.They plan to build a high value product pipeline by enabling sustained production of therapeutic proteins in the eye that will deliver improved clinical outcomes while reducing the burden of frequent intravitreal or systemic injections and other invasive procedures.
  • VectivBio — VectivBio is a clinical-stage biotechnology company bringing transformational medicines to patients with serious rare diseases. They are committed to pursuing rare diseases with well-defined biology that can be targeted with best-in-disease therapies that have the potential to meaningfully transform and improve the lives of patients and theirfamilies, not just provide an incremental improvement or benefit over the standard-of-care.It was founded as a spinout from Therachon, a biotechnology company acquired by Pfizer for its program in achondroplasia. VectivBio was incorporated in 2019 and is based in Basel, Switzerland.
  • Aelis Farma — Aelis Farma is a pioneer in the development of signaling specific therapeutics that target GPCRs (and more specifically the CB1 receptor which is one of the most expressed GPCRs in the brain). GPCRs are the target of most therapeutic drugs. This family of receptors has the characteristics to activate several and often opposing signaling pathways.Unfortunately, most of the drugs acting on GPCRs either block or stimulate the entire signaling activity of the receptor resulting in unwanted and sometimes unacceptable side effects.
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Crédit Mutuel Innovation
VC Fund · Paris, Ile-de-France, France · 4 investments in France Medical Device startups

Crédit Mutuel Innovation is the evergreen venture capital entity of Crédit Mutuel Equity (€3.5 billion in capital). We invest €1-20M in life science, digital and deeptech companies from seed to growth stages.We help bold and ambitious entrepreneurs to develop their strong growth potential with our worldwide enterprise ecosystem (our 350+portfolio companies, our abroad subsidiaries, 150+ largest global corporates and the best-in-class experts). Because it takes more than 5 years to build a Unicorn, we invest our own equity and ensure durable partnerships with visionary leaders.Today, the 350 companies in which we have invested generate a cumulative annual turnover of €50bn and create more than 250,000 jobs.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Series A, Series B
  • Geography: France, United States, Canada

Investor stats

  • Total investments: 77
  • Round size: Series A $3.2M–$21M; Series B $7.5M–$32M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Worldia — Worldia is an online travel agency.
  • Kenko — Kenko is an application that helps to provide corporate health insurance.
  • Glopal — Glopal provides advanced international Google shopping solutions for ecommerce retailers and brands seeking to grow their businesses' globally.
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BNP Paribas Développement
VC Fund · Paris, Ile-de-France, France · 4 investments in France Medical Device startups, 7 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series A, Series B
  • Geography: France, Germany

Investor stats

  • Total investments: 91
  • Round size: Series A $2.7M–$11M; Series B $8.6M–$60M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Agriodor — Agriodor is to provide concrete and effective alternatives to insecticides to help farmers produce more sustainably.
  • FHE Group — Focused on environmental issues, FHE develops intelligent energy management solutions. It is by taking control of household consumption that the energy balance improves. The advanced features of our solutions (thermostatic programming and domestic hot water (ECS)) facilitate the use of solar energy. With the self-consumption of the energy producedby solar panels, participating in the energy transition is no longer a utopia. The mission of FHE is to design and develop intelligent energy management solutions that are sustainable and controlled.
  • Beem Energy — Beem Energy is a manufacturer of home energy efficiency and energy management systems such as solar kits.
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Auriga Partners
VC Fund · Paris, Ile-de-France, France · 4 investments in France Medical Device startups

Since 1998, AURIGA PARTNERS, an independent Venture Capital firm, has been managing several early stage funds specializing in Information Technology and Life Sciences.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: France, United States, Switzerland

Investor stats

  • Total investments: 126
  • Round size: Series A $2.1M–$14M; Series B $3.8M–$31M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $45M in 2013

Portfolio highlights

  • Patrowl — Identify and harden your External Security Posture with the leader. Let us manage time-consuming tasks and focus on remediation
  • Exeliom — Exeliom is a clinical-stage biopharmaceutical company tackling the use of commensal bacteria as drugs. Their mission is to harness the therapeutic potential of gut microbiota to enable people to lead longer and healthier lives. They are committed to developing the next generation of probiotics: innovative microbial therapies.Exeliom develops anew class of medicines called Live Biotherapeutics based on their growing understanding of the central role of the microbiota in the immune system.The company was founded in 2016 and is headquartered in Dijon, France.
  • Vade Secure — Vade is a global leader in predictive email defense, protecting 1 billion inboxes worldwide. AI-based email security for Microsoft 365.
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Pontifax
VC Fund · Herzliya, Tel Aviv, Israel · 3 investments in France Medical Device startups

Pontifax is a healthcare-dedicated venture capital firm.The fund focuses on innovative bio-pharma opportunities.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, Israel, France

Investor stats

  • Total investments: 93
  • Round size: Series A $3.8M–$72M; Series B $16M–$100M; Series C $12M–$75M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Abcuro — Precision Targeting of Highly Cytotoxic T Cells in Autoimmune Disease.
  • Precirix — Developing radio-immunotherapeutic drugs for cancer patients.
  • ARMGO,Pharma,Inc. — ARMGO Pharma, Inc., a biopharmaceutical company, develops small-molecule therapeutics to treat debilitating cardiac, skeletal muscular, and neurological disorders. It offers rycals, which are calcium release channel stabilizers that act on ryanodine receptor/calcium release channel, a therapeutic target located on thesarcoplasmic/endoplasmic reticulum of the cell for treating chronic heart failure, cardiac arrythmias, and muscle disorders, as well as cognitive disorders, malignant hyperthermia, diabetes, chronic obstructive pulmonary disease, high blood pressure, and bladder dysfunction. The company was incorporated in 2004 and is based in Tarrytown, New York with an additional office in New York, New York.
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Supernova Invest
VC Fund · Paris, Ile-de-France, France · 3 investments in France Medical Device startups

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

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Investment focus

  • Industry: Health Care, Medical Device, Software
  • Stage:Series A, Seed
  • Geography: France, Switzerland

Investor stats

  • Total investments: 48
  • Round size: Seed $1.5M–$7.5M; Series A $3.8M–$18M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $155M in 2021

Portfolio highlights

  • Aniah — Aniah specializes in chip design closure and full-chip analysis at the transistor level.
  • Allotex — Allotex offers therapeutic solutions for the treatment of presbyopia and hyperopia.
  • ProovStation — Vehicle inspection gantry: save money and time by automating your vehicle inspection process and damages recognition to boost your productivity!
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ACG Management
VC Fund · Marseille, Provence-Alpes-Cote d'Azur, France · 3 investments in France Medical Device startups

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

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Series A
  • Geography: France, Madagascar

Investor stats

  • Total investments: 49
  • Round size: Seed $857k–$2.8M; Series A $1.5M–$7.1M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2013

Portfolio highlights

  • Kamp'n — Partenaire de croissance Facebook Ads & Google Ads
  • Little Cigogne — Little Cigogne is reinvents the shopping experience for children.
  • My Coach Football — My Coach Football allows you to manage and organize the daily operations of your football team, day after day, season after season. Designed to answer amateur and professional coaches’ needs, the platform centralizes all of your squad’s information and allows to gain time and efficiency. In a single click, you can manage players and their personalinformation, the preparation of training and games, but also individual and collective statistics. Season after season, you keep all those data and hence enjoy an optimum tracking of your team’s progression.
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AQUITI Gestion
VC Fund · Bordeaux, Aquitaine, France · 3 investments in France Medical Device startups

Acteur incontournable du capital-investissement en Nouvelle-Aquitaine

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Investment focus

  • Industry: Biotechnology, Software, Manufacturing
  • Stage:Seed, Series A
  • Geography: France, United States

Investor stats

  • Total investments: 42
  • Round size: Seed $170k–$5.9M; Series A $300k–$12M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $6.2M in 2010

Portfolio highlights

  • Emulseo — Emulseo is a startup company dedicated to the design and production of high-quality formulations for microfluidic applications. The company's service is based upon long-time know-how and expertise in the field of microfluidics for the pharmaceutical, biotech, and chemical industry.Emulseo was established in 2018 in Pessac,Nouvelle-Aquitaine.
  • Pony — Instant city bike hire
  • Germitec SAS — Germitec is a healthcare company that designs, Commercialize UV-C disinfection systems for hospital hygiene system.
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Sham Innovation Santé
VC Fund · Lyon, Rhone-Alpes, France · 3 investments in France Medical Device startups

Relyens is the leading European mutual group specialising in risk management services for health and social care professionals as well as for local authorities.

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Investment focus

  • Industry: Biotechnology, Medical Device, Medical
  • Stage:Series B, Series A
  • Geography: France

Investor stats

  • Total investments: 16
  • Round size: Series A $5.6M–$72M; Series B $9.6M–$80M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Cairdac — Cairdac is a manufacturer of autonomous leadless pacing transcatheter system capable of powering the device with no battery-life limitation.
  • Therapixel — Therapixel is one of the leading French software companies specializing in artificial intelligence applied to medical imaging.
  • Germitec SAS — Germitec is a healthcare company that designs, Commercialize UV-C disinfection systems for hospital hygiene system.
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iBionext
VC Fund · Paris, Ile-de-France, France · 3 investments in France Medical Device startups

iBionext is a unique healthcare fund created within a proven breakthrough innovation accelerator. Their companies are based in a single location named “Passage de l’innovation” in Paris, France. Over the past 4 years, we have created 7 companies that have raised over 250M € and created 103 highly qualified jobs.

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Investment focus

  • Industry: Medical Device, Artificial Intelligence, Biotechnology
  • Stage:Series A, Seed
  • Geography: France

Investor stats

  • Total investments: 11
  • Round size: Series A $7.5M–$15M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Prophesee — REVEAL THE INVISIBLE with the world's most advanced neuromorphic vision system, inspired by human vision and built on the foundation of neuromorphic engineering. PROPHESEE gives Metavision to machines, revealing what was previously invisible to them.
  • GrAI Matter Labs — GrAI Matter Labs has created the fastest edge AI processor for machine vision in robotics, AR/VR, drones and more. It achieves ultra-low latency at low power by leveraging sparsity.
  • Tilak Healthcare — Tilak is a unique videogame studio where like-minded & passionate people create fun mobile medical games to monitor patients with chronic diseases.
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Newfund
VC Fund · Paris, Ile-de-France, France · 3 investments in France Medical Device startups, 16 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: France, United States, Canada

Investor stats

  • Total investments: 141
  • Round size: Seed $857k–$4.2M; Series A $1.6M–$10M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • REEV — REEV motorizes medical orthoses to help millions of people affected by gait disorders to walk, stand, sit and climb stairs with greater ease every day.
  • Greenscope — Greenscope is a company and investor-focused ESG management solution. Greenscope has enabled us to implement a new process for collecting and analyzing ESG data.
  • Umiami — Umiami Technologies is a leader in plant-based meat. Our proprietary technology allows us to create clean-label and incredibly tasty foods.
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Cap Innov'Est
VC Fund · Illkirch-graffenstaden, Alsace, France · 3 investments in France Medical Device startups

Cap Innov’Est is a 36M€ tri-regional fund dedicated to investments in young innovative start-ups. Cap Innov’Est was launched in July 2014 and has already invested in 13 start-ups. Cap Innov’Est is supported by Fonds National d’Amorçage, the 3 Regions Alsace, Bourgogne and Franche-Comté, SAFIDI, caisses d’épargne d’Alsace etBourgogne/Franche-Comté, BNP Paribas et CIFC

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Investment focus

  • Industry: Biotechnology, Pharmaceutical, Health Care
  • Stage:Seed, Series A
  • Geography: France

Investor stats

  • Total investments: 17
  • Round size: Seed $536k–$2.7M; Series A $7.3M–$7.5M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $39M in 2014

Portfolio highlights

  • Defymed — Defymed is a worldwide leader in the development of innovative implantable medical devices that change the paradigm of therapeutics' administration. Defymed's innovations were developed to limit adverse events related to current standard of care based on site specific delivery of therapeutics. Our solutions aim for a preciseadministration of drugs, in a physiologic site, in order to improve disease's management and patients' quality of life. Up to date, two first in class technologies were developed by Defymed: MailPan®, a physiologic cell encapsulation device, and ExOlin®, a targeted drug delivery device (in clinics). Defymed owns an exclusive technology and know-how which positions its medical devices as a platform to meet several therapeutic applications, among which type 1 diabetes, hemophilia and cancer management. Defymed is certified ISO13485:2016. Defymed relies also on a strong and unique worldwide network gathering experts from the cell therapy and drug delivery fields. Defymed has been rewarded several times in Europe and in the USA, for its unique approaches to reinvent patients' journey.
  • VistaCare — "Making Difficult Wounds Easy" : VistaCare is a Breakthrough and non-invasive Medical Device designed for treatment during the critical phases of the wound.
  • Opencell Software — Opencell is an agile monetization platform that makes it easy for businesses to quickly launch, grow and manage recurring revenue businesses.
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Partech
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups, 29 in the past 12 months

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 432
  • Round size: Seed $1M–$5.6M; Series A $2.5M–$25M; Series B $8M–$54M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
  • UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
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Sodero Gestion
VC Fund · Nantes, Pays de la Loire, France · 2 investments in France Medical Device startups

Sodero Management has 70 million of capital it intends to finance for SMEs. These funds come from the Caisse d'Epargne and Caisse des Depots et Consignations, firstly, of Brittany and Pays de la Loire, on the other. But also individuals from which € 26m was raised in 5 years through FIP (Local Investment Fund sold each year by the SavingsBank from November). And local savings will directly feed the local economy while enjoying immediate tax benefits.

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Investment focus

  • Industry: Software, Information Technology, Telecommunications
  • Stage:Seed, Series A
  • Geography: France

Investor stats

  • Total investments: 17
  • Round size: Seed $214k–$2.1M; Series A $696k–$2.1M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • OBsam — OBsam offers technologic monitoring and obsolescence treatment services for all kinds of business sectors.
  • GenSensor — GenSensor is to become a game changer in the field of genomic-based in-line bioproduction monitoring.
  • BioMAdvanced Diagnostics — BioMAdvanced Diagnostics is a developer of molecular diagnostic and biomarker tests designed to follow up on the immune response of patients
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Medevice
VC Fund · 2 investments in France Medical Device startups

Medevice focuses on investing in Medtech and e-health innovation projects. Its team has extensive experience in the fields of medical technology and e-health. The firm is composed of entrepreneurs specialized in healthcare and who have created and/or worked in healthcare companies. This not only allows them to better understand the potentialof the projects presented but also to better support the companies when they face challenges.

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Investment focus

  • Industry: Medical Device, Health Care, Medical
  • Stage:Seed, Series A
  • Geography: France

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Dyameo — Dyameo develops single-use endoscopic probes for the instant detection of cancer cells.
  • IMACTIS — IMACTIS is specialized in computer assisted interventional radiology. IMACTIS develops and markets innovative solutions to assist interventional radiologists during minimally invasive needle procedures (biopsies, tumor ablations, vertebroplasties, infiltrations, drainages...). The objective is to increase accuracy and safety, facilitate complexprocedures, reduce the length of procedures, decrease the number of controls and improve patient treatment.
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Mérieux Equity Partners
VC Fund · Lyon, Rhone-Alpes, France · 2 investments in France Medical Device startups

Mérieux Equity Partners (“MxEP”) is a management company dedicated to venture, growth and LBO investments in the healthcare and nutrition sectors. MxEP actively supports entrepreneurs and industrial companies with differentiated products and services, by providing privileged access to its expertise and international network. MxEP currently managesmore than €600m AUM and has recently launched a new vehicle MP3 of €350m dedicated to growth/LBO.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Series A, Private Equity
  • Geography: France, Sweden, Belgium

Investor stats

  • Total investments: 11
  • Round size: Series A $10M–$18M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: May invest from a new fund soon — raised $404M in 2020

Portfolio highlights

  • AstriVax — AstriVax aims for initial clinical validation of the platform technology, to develop a broad vaccination pipeline.
  • Mablink Bioscience — Mablink Bioscience is a biotechnology company specialized in the development of a new class of cancer drugs, called Antibody Drug Conjugate (ADC).
  • Broken String Biosciences — Our platform accelerates the characterisation of novel gene editing technologies to unlock the next wave of cell & gene therapies.
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Pays de la Loire Participations
VC Fund · Nantes, Pays de la Loire, France · 2 investments in France Medical Device startups

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.

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Investment focus

  • Industry: Manufacturing, Software, Electronics
  • Stage:Private Equity, Seed
  • Geography: France

Investor stats

  • Total investments: 32
  • Round size: Seed $161k–$2.1M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Wiink — A loyalty and a referral platform combined with UGC and reviews that enables your customers to engage with your brands through over 30 ways. Enjoy a 15-day free trial
  • factoryz — Factoryz brings its technology and its expertise to businesses and territoires for the implementation of their resource reuse, sharing, mutualizing and pooling platform.
  • BioMAdvanced Diagnostics — BioMAdvanced Diagnostics is a developer of molecular diagnostic and biomarker tests designed to follow up on the immune response of patients
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UI Investissement
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups, 6 in the past 12 months

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.

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Investment focus

  • Industry: Manufacturing, Health Care, Information Technology
  • Stage:Private Equity, Seed
  • Geography: France, Canada, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $2.1M–$3.2M; Private Equity $3M–$48M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $35M in 2021

Portfolio highlights

  • 4.71 — 4.71 is a system that allows to connect all of the technologies used in business financial management. Collections, purchases, overheads, payroll, pre-accounting, and even the accounting production tool can all be automated.
  • Mob-Energy — Mob-Energy is a privately held company specializing in the development of mobile and innovative charging solutions. It designs autonomous charging robots capable of moving energy where it is needed, optimizing the site's existing infrastructure. The company was founded in 2018 and is headquartered in Villeurbanne, Auvergne-Rhône-Alpes.
  • Exeliom — Exeliom is a clinical-stage biopharmaceutical company tackling the use of commensal bacteria as drugs. Their mission is to harness the therapeutic potential of gut microbiota to enable people to lead longer and healthier lives. They are committed to developing the next generation of probiotics: innovative microbial therapies.Exeliom develops anew class of medicines called Live Biotherapeutics based on their growing understanding of the central role of the microbiota in the immune system.The company was founded in 2016 and is headquartered in Dijon, France.
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A Plus Finance
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

A Plus Finance, which is headquartered in Paris (France), is an independent trust company specialising in the management of Common Investment Fundsfor Innovation (FCPI) and Proximity Investment Funds (FIP). A Plus Finance is involved in all innovative sectors, particularly in the IT, media and security fields.The A Plus Finance team includesfinanciers and entrepreneurs, thus providing companies with both an awareness of the daily constraints of management and a long-term perspective on the development of their business. Managing funds amounting to nearly €220m, A Plus Finance invests between €1 million and €4 million per project.per

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Investment focus

  • Industry: Software, E-Commerce, Telecommunications
  • Stage:Series A, Series B
  • Geography: France, United States

Investor stats

  • Total investments: 54
  • Round size: Series A $2.1M–$5.9M; Series B $3.2M–$13M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • Futura gaia — Futura gaïa is a food production company.
  • Gaiago — Gaiago is an agtech company that produces soil improvement tools.
  • La Belle Vie — La Belle Vie is an online grocery based in Paris, France. It sells basic groceries, organic stuff, meat, fish and vegetables. It has developed all its tools from scratch, including its ERP, a warehouse management service and a delivery management service.
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Happy Capital
VC Fund · Bordeaux, Aquitaine, France · 2 investments in France Medical Device startups

Happy Capital is a crowdfunding platform that offers a variety of projects users can invest in.

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Investment focus

  • Industry: Music, Sensor, Internet
  • Stage:Seed
  • Geography: France, China

Investor stats

  • Total investments: 4
  • Round size: Seed $394k–$536k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Axorus — Axorus develops neuro electronic interfaces to enable everyone to enjoy long lives at full capacity (sensory, motor and cognitive).
  • Diafir — DIAFIR developps, manufactures and markets in situ and fast biological analytical tools based upon unique infra red fiber sensor technology. Major applications are POC medical diagnostic, food analysis and organic chemical reaction monitoring. DIAIFR systems allow to detect some chonic liver disease, infection or tumor within a 5 minutes process.
  • Zicplace — Zicplace is a B2C and B2B online Music eCommerce Marketplace to buy and sell new and used instruments.
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Altur Investissement
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

Founded in 2006, Altur Investissement is a development capital company that invests and disinvests directly or in co-investment. It is a partnership limited by shares governed by the provisions of article L. 226-1 et seq. Of the French Commercial Code, listed on the regulated market of Euronext in Paris.Altur Investissement has opted for thelegal and fiscal regime of SCR (Venture Capital Companies), which allows it to be exempt from corporate income tax on all current income and capital gains on the sale of its portfolio securities. , provided that 50% of its net book value consists of equity securities or equity securities or giving access to the capital of a company on a constant basis. As for the shareholders of the SCR, their tax system is also attractive: it allows individuals resident in France to benefit from a total exemption from the taxation of capital gains on the sale of shares held for at least 5 years ( except social levies, CSG / RDS) and a total exemption from the taxation of dividends.Altur Investissement's mission is to support, as the only investor or investor of reference, the fast-growing SMEs. Essentially unlisted, Altur Investissement accompanies these companies with significant potential and participates in their development so that they become leaders in their sectors. Altur Investissement is positioned in the following five sectors of specialization:Health Outsourced services Specialized distribution Industry Hotel

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Investment focus

  • Industry: Manufacturing, Medical Device, Hardware
  • Stage:Seed
  • Geography: France

Investor stats

  • Total investments: 4
  • Round size: Seed $268k–$268k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Sezame — Sezame is a real estate firm. They offer real estate property by leasing or renting with an option to buy, enabling customers to buy property in a hassle-free way and become owners in less than three years.
  • Aston Medical — Aston Medical, located in Saint-Etienne, has specialized since 1998 in the design, manufacture, and distribution of innovative orthopedic prostheses, adapted to the needs of surgeons. Aston Medical innovates in the prostheses of hips, elbows, knees, and shoulders to find the mobility and to cure the pains due to osteoarthritis or accidents.
  • Aston - SEM (Groupe Acropole) — Aston - SEM (Groupe Acropole) is a designer, manufacturer and marketer of orthopedic prostheses.
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BNP Paribas
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups, 37 in the past 12 months

BNP Paribas provides banking, financing, investment, savings, and protection solutions. Their investment services include businesses that provide savings, investment, and protection services. They provide financing and investment services to retail customers, associations, businesses, and corporations.

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Investment focus

  • Industry: Financial Services, Information Technology, Software
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, United Kingdom, India

Investor stats

  • Total investments: 111
  • Round size: Post-IPO Debt $38M–$3B; Debt Financing $7M–$3.8B
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Mirakl — Mirakl offers the industry’s advanced enterprise marketplace SaaS platform. With Mirakl, organizations across B2B and B2C industries can launch marketplaces faster, grow bigger, and operate with confidence as they exceed rising customer expectations. Platforms are the new competitive advantage in eCommerce, and the world’s most trusted brandschoose Mirakl for its comprehensive solution of technology, expertise, and the Mirakl Connect ecosystem to unlock the power of the platform business model for them. As a result, companies like ABB, Astore by AccorHotels, Best Buy Canada, Carrefour, Catch, Changi Airport, Darty, The Kroger Co., Leroy Merlin, Maisons du Monde, Metro, and Toyota Material Handling gain the speed, scale, and agility to win in the changing eCommerce landscape. For more information: www.mirakl.com.
  • Altior — Altior is an IT company that offers cloud industrial management software and ERP solution.
  • Shanghai Chemical Industry Park Industrial Gases — Shanghai Chemical Industry Park Industrial Gases is a professional land developer that offers integrated development, construction, operation, and support services, among other services.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in France Medical Device startups, 46 in the past 12 months

European Investment Bank (EIB) provides lending, borrowing, and treasury services primarily in the European Union.The company offers project loans for the public and private sectors; loans to banks and other intermediaries; structured finance products; guarantees and securitization instruments for senior and subordinated debts; project bonds;equity and fund investment products such as infrastructure equity and debt funds, and environmental funds; and venture capital funds and security packages for funds.The company also offers microfinance; risk sharing finance for research, development, and innovation projects; finance and technical expertise for sustainable energy projects; infrastructure project advisory services; support for urban development projects; guarantees for transport infrastructure; and funding for public-private partnerships and small- and medium-sized enterprises.EIB serves the transportation, global loans, energy, industry, health, education, water, sewerage, infrastructure, services, telecommunications, agriculture, and fisheries sectors.European Investment Bank was founded in 1958 and is based in Luxembourg.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, Ireland

Investor stats

  • Total investments: 190
  • Round size: Post-IPO Debt $6.4M–$536M; Debt Financing $11M–$321M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • Trucksters — We are a transportation company that focuses on providing long distance FTL trucking service through an innovative relay system based on artificial intelligence. We achieve transit times similar to air transport while reducing the costs of traditional road transportation.
  • Masdar Capital — Masdar Capital is developing & deploying commercial-scale renewable energy projects.
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Norgine Ventures
VC Fund · Uxbridge, Hillingdon, United Kingdom · 2 investments in France Medical Device startups

Norgine Ventures was started in 2012 to diversify Norgine’s activities and foster innovation in the healthcare sector. Norgine Ventures provides debt and debt-like financing to innovative, fast-growing companies in the fields of healthcare and life sciences, in Europe and the US. Norgine Ventures is backed by Norgine, a fully integrated, private,European healthcare company with over 110 years of experience in the pharma space.Norgine Ventures has full access to Norgine’s technical capabilities for evaluating investment opportunities, although the business is aimed at achieving a financial return rather than funding opportunities of strategic interest to Norgine.To date, Norgine Ventures has invested in a number of businesses, including specialty pharma, diagnostic and medical device companies, at various stages of their life cycle, both in Europe and in the US.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Debt Financing, Series A
  • Geography: France, United Kingdom, United States

Investor stats

  • Total investments: 17
  • Round size: Debt Financing $2.5M–$16M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • ImaginAb — ImaginAb is a pioneering biotech company, innovating for tomorrow with modern radiopharmaceutical advances. Our advanced imaging solutions like CD8 ImmunoPET are aimed to accelerate the progress of physicians all over the world, ending the need for repeat, painful biopsies.
  • PathoQuest — PathoQuest provides a pioneering next generation sequencing (NGS) approach to biologics characterization and release testing
  • Impress — Impress – is European leading digital orthodontic DSO of new generationWe have a defensible model with the personal touch of an in-house orthodontist, true clinical expertise, and engaging directly with consumersImpress was founded in 2019 in Barcelona with the idea of combining the best of orthodontic tradition with the most innovativetechnology in the sector. From the very beginning the vision of the Impress founders was to introduce a different business model with a strong focus on medical experience and digitalization. The company is transforming the oral healthcare industry by developing its own chain of orthodontic clinics, which are characterized by their disruptive design and modern patient experience. The founders decided to build a medical company with the personal touch of in-house orthodontists, face-to-face care, and unique clinical expertise, where the proper implementation of business processes and digitalization are at the core.In less than 2 years, Impress has managed to position itself as the European leader in the orthodontic sector, has treated more than 22.000 smiles and already has a presence in more than 80 European cities. Its innovation and quality have earned it recognition from Sifted as one of the fastest growing HealthTech companies in Europe in 2020.
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IXO Private Equity
VC Fund · Toulouse, Midi-Pyrenees, France · 2 investments in France Medical Device startups

The private equity fund focused on adding high value.IXO Private Equity is a private equity management company recognized, approved and authorized by the Financial Market Authorities (AMF) operating under the number GP03018.IXO Private Equity is the most important independent regional private equity General Partner in France.The companymanages French General Private Equity Investment Funds (known in France as F.C.P.R.), Local Private Equity Investment Fund (known in France as F.I.P.), and Private Equity Investment Funds for Innovation (F.C.P.I.) to meet the equity needs for the best companies in Western and Southern France.

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Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Private Equity, Series A
  • Geography: France, United States

Investor stats

  • Total investments: 33
  • Round size: Series A $2.1M–$8.4M; Private Equity $5.4M–$30M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Oreegami — Oreegami is a digital marketing academy that offers training to the future elite of digital marketing and data. It specializes in education, digital marketing, ESS, formation, search, Adwords, analytics, Programmatic, and Facebook ads.
  • Mon Chasseur Immo — Mon Chasseur Immo is a Real Estate, based in Languedoc Roussillon.
  • Le Mercato de l'Emploi — Le Mercato de l'Emploi is a local recruitment firm. The company aims to refocus the meeting between employers and job candidates on a human approach and proximity while taking advantage of the strengths of digital and social networks. Le Mercato de l'Emploi was established in 2017 in Salles-d'angles, France.
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Fly Ventures
VC Fund · Berlin, Berlin, Germany · 2 investments in France Medical Device startups, 12 in the past 12 months

Fly is a first check VC for technical founders solving hard problems. We invest from day-zero to seed, backing founders from all over Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 77
  • Round size: Seed $1.2M–$8M; Series A $4.6M–$16M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • FERNRIDE — Fernride enables automated, sustainable logistics by combining the skills of remote drivers with autonomous technologies.
  • Pear Bio — Pear Bio uses organ-on-a-chip and computer vision technology to recreate, visualize, and compute the human tumor microenvironment and its effects on cancer progression. The company was founded in 2017 and is headquartered in London.
  • Martian Lawyers Club — Martian Lawyers Club takes game personalization to the next level with the help pf generative AI.
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Siparex Groupe
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

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.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Private Equity, Seed
  • Geography: France, United States, Italy

Investor stats

  • Total investments: 115
  • Round size: Seed $643k–$6.4M; Private Equity $5.4M–$31M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $500M in 2021

Portfolio highlights

  • SILEANE — SILEANE is robotics, vision, and artificial intelligence. They offer to build machines to automate. They provide services that include robotique, vision industrielle, robotique adaptative, automatisation du geste, pick place, dévracage, traitement de surface, and intelligence artificielle.
  • E-Recycle — E-Recycle is an online and offline store that specializes in recycling used high-tech products such as mobile phones, tablets, and PCs.
  • Monet Associes — Monet + Associes is a public relations agency.
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Karot Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

Karot Capital : Investissements Early Stage dans l'Innovation, pour des entrepreneurs ambitieux et sans filtre sectoriel.

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Investment focus

  • Industry: Robotics, Cosmetics, E-Commerce
  • Stage:Seed, Series A
  • Geography: France

Investor stats

  • Total investments: 15
  • Round size: Seed $1.2M–$1.6M; Series A $804k–$8.6M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Matcha — Matcha uses SaaS software to assist with e-commerce solutions for its clients. The company is a digital sales force dedicated to wine, beer and spirits. Matcha was established in 2016 in Paris, France.
  • Archeon — Archeon is fully dedicated to the development of innovative solutions for the monitoring, diagnosis and treatment of critically ill patients in prehospital care.
  • ISYBOT — ISYBOT is a designer and manufacturer of collaborative robots or "Cobots", that is to say, robots working in collaboration with workers. Its cobots work with workers and make it possible to: - reduce the arduousness of workstations - multiply their productivity - enhance manual workstations ISYBOT is based on a breakthrough technicalinnovation, resulting from 15 years of R&D carried out within CEA LIST .
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IT-Translation
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

IT-Translation: investor and co-founder of digital technology start-ups developed from research

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: France

Investor stats

  • Total investments: 12
  • Round size: Seed $321k–$750k; Series A $536k–$5.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Accelad — AccelaD is the company behind Raphton™, an innovative software assistant for electronic design. Raphton™ enables hardware designers to work 10 times faster and improve the performance of their designs, bringing a breakthrough in competitiveness and creating new opportunities for electronics manufacturers.
  • AntsRoute — AntsRoute is a cloud-based route planning & optimization software developed by the French startup Antsway in 2015. The solutions help professionals to create optimal delivery, pick-up and multi-stop routes. The routing software makes it easier to smartly schedule appointments, optimize daily routes, automate dispatch to drivers, track theirprogress in real-time and keep customers updated with SMS alerts. The best software to increase stops per route, cut down transport costs and planning time.
  • Therapixel — Therapixel is one of the leading French software companies specializing in artificial intelligence applied to medical imaging.
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NBGI Ventures
VC Fund · London, England, United Kingdom · 2 investments in France Medical Device startups

NBGI Ventures is a venture capital fund focused on investing in seed, early, and middle stage medical technology companies. It was established in 2001 and is headquartered in London, United Kingdom.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical Device
  • Stage:Series B, Series A
  • Geography: France, Denmark, United States

Investor stats

  • Total investments: 8
  • Round size: Series A $11M–$14M; Series B $14M–$33M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Reverse Medical — Reverse Medical is a commercial-stage medical device company focused on revascularizing patients experiencing Acute Ischemic Stroke.
  • SuperSonic Imagine — SuperSonic Imagine SA develops and manufactures ultrasound medical imaging systems for measuring and visualizing tissue elasticity. The company provides Aixplorer, an ultrasound system for breast lesion imaging; and ShearWave, an ultrasound technology platform for quantitative elastography. It offers its products through its offices and a networkof distributors in France, Belgium, Austria, Croatia, Poland, the Czech Republic, Singapore, Taiwan, Thailand, Malaysia, Hong Kong, Lebanon, Germany, the United Kingdom, and the United States. SuperSonic Imagine SA was founded in 2005 and is based in Aix-en-Provence, France with additional offices in Germany, the United States, and the United Kingdom.
  • Quanta — OG Home description
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Ace Capital Partners
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

Ace invests with a sector-focused approach, active in Industrials and Technology. The firm builds partnerships with large corporates (including Airbus, Safran, Dassault Aviation, Thales, EDF, Naval Group, Sopra Steria), which invest in its funds and maintain an ongoing dialogue with the firm, enabling Ace to take a differentiated approach toinvesting. Ace provides capital for businesses going through transformation, with the ability to invest with a variety in growth, buyout, and restructuring situations. We focus on companies with a proven expertise in their market, and with high and resilient intrinsic value, but which require transformation to deliver on their potential. We act as a strategic partner to management as we transform operations, and restructure/grow the business both organically and through external growth. Ace is active throughout Europe and North America. The firm has offices in Paris, Toulouse, Bordeaux and Montreal, and accesses the global network of Tikehau Capital offices (London, Milan, Madrid, Brussels, New York, Singapore, Tokyo and Seoul). Investment strategies overview: - Growth Capital: investment in high/hyper growth companies raising money in Series A through C, active in the Cybersecurity and Digital Trust verticals o Investment amount: up to €50m o Sector of focus: Technology (e.g. Cybersecurity, Digital Trust) - Support Capital: development capital / special opportunities (minority or control) investments in companies requiring capital to stabilise and or grow operations o Investment amount: up to €50m o Sector of focus: Industrials (e.g. Aerospace, Defence) - Platform Capital: development capital / special opportunities (minority or control) investments in companies requiring capital to stabilise and or grow operations o Investment amount: €50-200m o Sector of focus: Industrials (e.g. Aerospace, Defence)

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Investment focus

  • Industry: Software, Manufacturing, Cyber Security
  • Stage:Series A, Series B
  • Geography: France, Germany, Belgium

Investor stats

  • Total investments: 52
  • Round size: Series A $1.6M–$15M; Series B $1.5M–$16M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $188M in 2021

Portfolio highlights

  • 3NUM — 3NUM Shield is the first Web3 mobile number minted as a NFT that protects your identity while providing private, secure messaging.
  • Satys — Satys Sealing & Painting offers the aviation and rail industry unique services resulting from its in-house team of painting & sealing experts, professionally trained by the Satys Training Academy. Furthermore, dedicated state-of-the-art painting facilities worldwide enable Satys to provide qualiy services and customer proximity.
  • Jscrambler — Jscrambler is the leading client-side security solution for JavaScript in-app protection and real-time webpage monitoring. Start your free trial today!
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TRAIL SOLUTIONS PATRIMOINE
VC Fund · Paris, Ile-de-France, France · 2 investments in France Medical Device startups

Le site officiel de Sigma Gestion, Paris.

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Investment focus

  • Industry: Manufacturing, Medical Device, Electronics
  • Stage:Seed, Series B
  • Geography: France

Investor stats

  • Total investments: 14
  • Round size: Seed $268k–$268k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Digitiz.me — Digitaliz.me offers consumers new digital service offerings are earning more money.  It offers a solid and appealing hardware offer along with a flexible software package for retailers and large accounts. It provides services like click and collect, smartphone apps, interactive terminals, vending machines, and other linked refrigerators.
  • eCential Robotics — eCential Robotics facilitates minimally invasive surgery in routine clinical practice, supporting the development of day surgery, providing significant benefits to patients, hospitals, clinics and healthcare systems.
  • Aston - SEM (Groupe Acropole) — Aston - SEM (Groupe Acropole) is a designer, manufacturer and marketer of orthopedic prostheses.
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Medical Device Investor funding in France at a glance

Stats across 296 deals from 317 investors.

317
investors
in France Medical Device startups
296
deals
in France Medical Device startups
$4.8M
median round
in France Medical Device startups
40%
lead investors
lead at least one round
23%
Seed
most common funding stage
96/4
VC / Angel
share of investor count

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