6 Best Venture Capital (VC) Investors in France

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Bonjour, French startups! Ready to find your financial soulmate in the world of venture capital? This article is your guide through France’s vibrant VC landscape, where we uncover the crème de la crème of investors. These aren’t your average financiers; they’re the maestros of mentorship, funding, and growth, attuned to the unique rhythm of French innovation. 

Whether you’re revolutionizing tech in Paris or shaking up the wine industry in Bordeaux, we’ve got you covered. Dive into this treasure trove of top VC investors in France, and let’s embark on a journey to elevate your startup from a local sensation to a global phenomenon.

  1. Aglae Ventures

Aglaé Ventures is a global VC firm that invests in technology companies at various stages, from early to growth. They’re willing to invest anywhere from €100K up to €100MM in fast-growing tech companies. Their investment focus includes marketplaces, SaaS, platforms, consumer apps, and DNVB. Annually, they are involved in 7-12 deals, and their investments typically range from $100K to $100M, with a sweet spot around $10M. 

Headquarters: France

Investment Geography: France, USA, Germany, UK, Mexico, Egypt

Operating since: 2017 

Stages: Seed, Series A, Series B, Series C

Investment Focus: Marketplaces, Software, Content, Consumer Platforms, DevTools, Digitally Native Vertical Brands 

Number of investments: 107

Number of exits: 12

Check size: $100K to $100M

Notable investments: Netflix, Automattic, Slack

Founders/Key People: Cyril Guenoun, Antoine Loison

Website: https://aglaeventures.com/ 

  1. C4 Ventures

C4 Ventures is a top European VC firm, founded in 2012 and co-founded by Pascal Cagni, former VP & GM of Apple EMEIA. The firm is based in Paris, with an additional presence in London. It is well-known for its leadership team of former Apple and Microsoft executives, and it focuses on backing ambitious tech entrepreneurs. C4 Ventures’ approach goes beyond mere financial investment; it emphasizes creating value through deep understanding, strong involvement, and concrete operational support. Their investment portfolio is particularly focused on European smart hardware. 

Headquarters: France

Investment Geography: Denmark, USA, UK, Sweden, Germany, Finland, Estonia, Iceland, Lithuania

Operating since: 2012

Stages: Seed, Pre-Series A, Post-Series A

Investment Focus: Smart Hardware, Future of Commerce/E-commerce, Digital Media, Future of Work/Software

Number of investments: 66

Number of exits: 19

Check size: $100K – $10M

Notable investments: Graphcore, Drivenets

Founders/Key People: Pascal Cagni, Mathieu Bourdie

Website: https://c4v.com 

  1. Cap Horn Invest

CapHorn Invest, founded in 2010, is an independent venture capital firm specializing in B2B digital companies. Based in France, the firm primarily invests in European B2B digital companies across various sectors, including technology, e-commerce, media, and entertainment. Following a strategy to boost the commercial growth of high-potential SMEs, CapHorn Invest offers managerial and commercial leverage to its portfolio companies. 

Headquarters: France

Investment Geography: France, USA, Réunion, Canada, Singapore

Operating since: 2010

Stages: Series A, Series B

Investment Focus: Enterprise (Software, Cloud Infrastructure, AI, ML, Data Analytics, AdTech, MarTech, Digital Media, EnergyTech, RetailTech, Blockchain, Logistics, LegalTech, FinTech, TravelTech)

Number of investments: 108

Number of exits: 23

Check size: $300k – $5m

Notable investments: Ledger, InterCloud

Founders/Key People: Paul Watel, Guillaume Dupont

Website: https://caphorn.vc 

  1. Newfund Capital

Newfund Capital, founded in 2008, is a venture capital firm that specializes in early-stage investments. It is distinguished as the first early-stage VC in Paris and Silicon Valley. With $300 million in assets under management (AUM), Newfund has been a significant player in the venture capital landscape, mainly supported by entrepreneurs and family offices. The firm operates in France and North America, demonstrating a broad geographic reach in its investment strategy​​​​​​​​.

Headquarters: France

Investment Geography: France, United States, Canada, United Kingdom, Germany, Israel, Belgium, Luxembourg, China, Mauritius, Senegal.

Operating since: 2008

Investment Focus: Enterprise Software,Infrastructure & Networks,Retail, RetailTech, E-commerce, Enterprise, Consumer, Hardware, Energy, CleanTech, FinTech, HealthTech, Marketplaces, EdTech,Construction & Real Estate,FoodTech, HRTech,AdTech,Hospitality, TravelTech, Gaming,Entertainment,Automotive,IoT,NanoTech,Blockchain,Crypto.

Stage: Seed, Post-Seed, Series A, Series B.

Number of investments: 185

Number of exits: 32

Check size: €500K – €2M

Notable investments: Aircall, Zinier

Founders/Key People: Francois Veron, Patrick Malka

Website: https://newfundcap.com/

  1. Alven Capital Partners

Alven Capital Partners, founded in 1999, is a Paris-based VC investment firm. The firm prefers to invest in various sectors, including big data, mobile, SaaS, and IT. In May 2022, Alven raised its largest early-stage fund in France, amounting to €350M, primarily for seed and Series A investments. This demonstrates their significant role in supporting French entrepreneurs​. Alven Capital Partners typically makes investments with an average round size of about $30 million, engaging in about 8 yearly investments.

Headquarters: France

Investment Geography: France, USA, Switzerland, Belgium, Germany, UK, Denmark, Netherlands, Italy, Finland, Hong Kong, Sweden

Operating since: 1999

Stages: Seed, Series A, Series B

Investment Focus: SaaS & Subscription Models (Enterprise Subscriptions, “Picks & Shovels” Digital Enablers, SMB & Prosumers), DeepTech & Data-Driven Businesses (Big Data Services, ML, Disruptive Software Algorithms), Consumer Digital Services (Marketplaces & Sharing Economy, Web Brands)

Number of investments: 296

Number of exits: 98

Check size: $100K to $10M

Notable investments: Stripe, Qonto

Founders/Key People: Guillaume Aubin, Charles Letourneur

Website: https://www.alven.co 

  1. Breega Capital

Breega Capital is a venture capital firm that’s all about supporting tech startups in Europe. They’re active in the European Union, Middle East, and Africa regions​​. They get hands-on, providing industry and operational expertise and helping their portfolio companies grow internationally. They’re especially keen on European tech startups at the Seed to Series A stage​.

Headquarters: France

Investment Geography: France, USA, UK, Israel, Germany, Brazil, Spain, Kenya, UAE, Portugal, Uganda, South Africa, Senegal

Operating since: 2013

Stages: Seed, Series A

Investment Focus: AdTech, AgTech, Blockchain, BPO, DeepTech, EdTech, FinTech, FoodTech, HealthTech, HRTech, InsurTech, IoT, Marketplace, MarTech, RegTech, SaaS, SaaS-AI, Social Networks, Software, Marketplaces, Robotics, High Tech Hardware 

Number of investments: 149

Number of exits: 53

Check size: $500k – $12m

Notable investments: Exotec, Curve

Founders/Key People: Ben Marrel, Maximilien Bacot

Website: https://www.breega.com 

Conclusion

Voilà! You’ve just navigated the elite circle of France’s venture capital scene. Keep this guide close as you stride towards finding that perfect VC match – one that not only funds but fuels your startup ambitions. It’s time to make your mark in the bustling French startup ecosystem, armed with the right investor partnership. From Parisian tech hubs to the vineyards of Bordeaux, your startup story is about to take an exciting turn. Bonne chance as you leap into this adventure, ready to transform your visionary ideas into the next big French success story.

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