Demeter Partners, established in 2005, is a Paris-based private equity and venture capital firm specializing in investments that drive the ecological transition. It focuses on seed, growth, and infrastructure capital, primarily in Europe, with a significant portion in France. The firm invests in companies across various sectors, including eco-industries, eco-energies, green technology, business services, IT services, and cleantech infrastructure. Its investment size typically ranges from €0.5 million to €30 million, with a preference for minority stakes and board seats in portfolio companies. Demeter Partners aims to support innovative startups, high-growth SMEs, and infrastructure projects, often in syndication with other funds.
Partner, Co-Chief Financial and Chief Operations Officer
Jean Charles Scatena
Investment Director, Partner
Holger Schragmann
Partner
Louis Truchon-Bartes
Investment Manager
Olivier Usureau
Partner
Stéphane Villecroze
Co-Founder and Managing Partner
Celine Charvin
Investment Director
Past deals in GreenTech
Kapsera
Series A in 2024
Kapsera SAS, founded in 2018 and based in Paris, France, specializes in the manufacture of microbials-based biofertilizers and biopesticides. The company utilizes advanced biosourced and biodegradable formulation technologies, including microfluidics encapsulation, to produce monodisperse alginate capsules that are compatible with both farming equipment and various microorganisms. These microcapsules allow for the effective formulation and active release of beneficial microorganisms in agricultural settings, thus enhancing soil health and promoting sustainability. By bridging the gap between sustainability and productivity, Kapsera aims to support farmers in protecting agriculture, nurturing biodiversity, and improving overall agricultural practices.
See You Sun
Venture Round in 2024
See You Sun is a developer, builder, and operator specializing in solar photovoltaic power plants tailored for communities, industrial, commercial, and retail sectors. The company offers a range of solutions that include individual and collective self-consumption, power purchase agreements, energy storage systems, and electric vehicle and bicycle charging stations. Additionally, See You Sun provides self-service bicycle rentals and rainwater harvesting systems. By integrating these features, the company enables markets to generate clean electricity, reduce dependence on conventional energy sources, and lower energy costs, while promoting electric mobility and renewable energy production.
Minitrucks Robotics
Seed Round in 2024
Minitrucks Robotics is a company based in Vénissieux, France, specializing in the development of automation machinery for various sectors, including marble, construction, heavy industry, and green space. The firm provides innovative solutions aimed at transporting and managing heavy loads, catering to the needs of manufacturers and craftspeople in these industries. Currently operating in stealth mode, Minitrucks Robotics is focused on enhancing operational efficiency and productivity through its advanced robotic systems.
Doctibike
Venture Round in 2023
Doctibike is a specialist in the management and renovation of electric bicycle batteries, dedicated to promoting sustainable mobility. The company offers a range of services including the sale of branded batteries, battery reconditioning, and after-sales support. It provides tailored solutions for clients, including battery diagnostic services and the assembly of custom battery kits for new projects. By catering to a diverse array of e-bike brands, Doctibike ensures customers have access to a wide selection of batteries and replacement parts, positioning itself as a comprehensive resource in the electric bicycle market.
RED Horticulture
Series A in 2023
RED Horticulture is focused on developing advanced horticulture LED lighting systems aimed at enhancing plant growth while minimizing energy consumption. The company engages in photobiology research and designs intelligent lighting technology specifically for indoor and greenhouse environments. By providing tailored lighting solutions, RED Horticulture enables farmers and growers to optimize their energy usage and effectively manage light as a vital resource for crop production.
Recyc'Elit
Seed Round in 2023
Recyc'Elit is a technology company specializing in polyester recycling. It has developed a proprietary process that efficiently breaks down polyester materials into their original atomic components, using minimal energy. This innovation addresses the challenge of recycling polyester-based textiles, enabling manufacturers to repurpose plastic waste into new products without relying on virgin petroleum-based materials.
Plan A
Series A in 2023
Plan A is a leading provider of corporate carbon accounting, decarbonization, and ESG reporting software in Europe. The company has developed a comprehensive SaaS platform that integrates advanced technologies with established scientific standards and methodologies. This end-to-end solution allows businesses to manage their entire net-zero journey from a single interface, encompassing data collection, emissions calculation, target setting, decarbonization planning, and non-financial reporting. By offering personalized sustainability action plans and compliance tracking services, Plan A empowers organizations to effectively navigate their sustainability goals and foster responsible business practices.
BeFC Bioenzymatic Fuel Cells
Series A in 2023
BeFC Bioenzymatic Fuel Cells is a company based in Grenoble, France, founded in 2020, that specializes in developing eco-friendly energy solutions. The company focuses on creating paper-based, ultra-thin, flexible, and miniature bioenzymatic fuel cell systems designed for sustainable energy generation. These innovative devices provide a safer alternative to traditional button or coin cell batteries, which are often difficult to recycle and environmentally harmful. BeFC's technology aims to address the growing need for sustainable power sources in disposable medical and wearable devices, facilitating the advancement of single-use applications while minimizing ecological impact. Additionally, its fuel cells present new opportunities for low-power applications in health monitoring, logistics, and the Internet of Things (IoT).
Bout' à Bout
Venture Round in 2023
Bout' à Bout' is developing a large-scale re-use of glass containers.
Zeway
Series B in 2023
Zeway is a developer of mobility solutions focused on promoting the use of electric scooters and mopeds in urban environments, particularly in Paris. The company operates on a subscription model that provides customers access to a network of battery-swapping stations, eliminating the inconvenience of charging. In addition to the vehicles, Zeway offers insurance, assistance, and maintenance services, ensuring a comprehensive and user-friendly experience for its customers. By facilitating the transition to electric mobility, Zeway aims to contribute to cleaner air and sustainable transportation options in the city.
Chouette
Venture Round in 2023
Chouette is a start-up focused on vine analysis, providing a vineyard monitoring tool tailored for winegrowers. The company has developed patented technology that includes an automated drone equipped with high-precision sensors and advanced image processing algorithms. This technology is designed to address challenges specific to wine-growing environments. Additionally, Chouette's agricultural artificial intelligence enhances the drone's autonomous capabilities, enabling it to analyze and detect disease symptoms in crops. This innovative approach aims to improve agricultural monitoring and assist clients in better managing their vineyards.
Qarnot
Venture Round in 2023
Qarnot is a French company based in Montrouge that specializes in providing economical and ecological high-performance computing (HPC) solutions through an innovative platform. It designs and develops Q.rad, a computing heater that combines microprocessors and serves as both a heat source and a computing server. This unique product not only generates heat through computation but also allows users to regulate temperature via an embedded thermostat or smartphone. Qarnot's technology aims to reduce costs associated with traditional data centers, such as infrastructure, maintenance, and cooling, by offering a disruptive alternative for construction companies seeking efficient heating solutions for new buildings. Established in 2010, Qarnot has developed three generations of computing heaters to meet the needs of its clients while promoting sustainable computing practices.
MORFO
Seed Round in 2022
MORFO incorporates biological symbioses, drones, and AI technologies to sustainably reforest and fight against global warming.
Telaqua
Seed Round in 2022
Telaqua is a developer of an innovative irrigation technology platform focused on optimizing water consumption in agricultural practices. The platform utilizes advanced technologies to enhance water management by transmitting operational data, assessing the health of irrigation installations, and efficiently managing irrigation schedules. By detecting anomalies, the system enables farmers to ensure that each plant receives the appropriate amount of water tailored to specific sectors or crop types. This approach not only conserves water but also streamlines the irrigation process, ultimately saving time and resources for farmers.
CarbonWorks
Series A in 2022
CarbonWorks specializes in the development of algae photobioreactors that utilize microalgae to capture and convert carbon dioxide. The company's technology industrializes microalgal photosynthesis, enabling the transformation of carbon emissions from various manufacturers into biomass. This biomass can be used in agricultural biocontrol products, as well as in human and animal food markets. By focusing on the large-scale production of safe bioproducts, CarbonWorks aims to help industries reduce their carbon footprints and promote sustainability.
Lixo
Seed Round in 2022
Lixo develops software solutions to improve the performance of recycling companies, from waste collection to sorting and recyling
Plan A
Series A in 2021
Plan A is a leading provider of corporate carbon accounting, decarbonization, and ESG reporting software in Europe. The company has developed a comprehensive SaaS platform that integrates advanced technologies with established scientific standards and methodologies. This end-to-end solution allows businesses to manage their entire net-zero journey from a single interface, encompassing data collection, emissions calculation, target setting, decarbonization planning, and non-financial reporting. By offering personalized sustainability action plans and compliance tracking services, Plan A empowers organizations to effectively navigate their sustainability goals and foster responsible business practices.
See You Sun
Series A in 2021
See You Sun is a developer, builder, and operator specializing in solar photovoltaic power plants tailored for communities, industrial, commercial, and retail sectors. The company offers a range of solutions that include individual and collective self-consumption, power purchase agreements, energy storage systems, and electric vehicle and bicycle charging stations. Additionally, See You Sun provides self-service bicycle rentals and rainwater harvesting systems. By integrating these features, the company enables markets to generate clean electricity, reduce dependence on conventional energy sources, and lower energy costs, while promoting electric mobility and renewable energy production.
Jungle France
Series A in 2021
Jungle France is an AgTech company that engages in vertical farming and hydroponics. Jungle vertical farms are part of the sustainable solutions to modern agriculture's challenges by combining plant biology and technology. Jungle offers locally grown, pesticide-free plants at an affordable price all year round.
Jungle France
Seed Round in 2021
Jungle France is an AgTech company that engages in vertical farming and hydroponics. Jungle vertical farms are part of the sustainable solutions to modern agriculture's challenges by combining plant biology and technology. Jungle offers locally grown, pesticide-free plants at an affordable price all year round.
Plan A
Seed Round in 2021
Plan A is a leading provider of corporate carbon accounting, decarbonization, and ESG reporting software in Europe. The company has developed a comprehensive SaaS platform that integrates advanced technologies with established scientific standards and methodologies. This end-to-end solution allows businesses to manage their entire net-zero journey from a single interface, encompassing data collection, emissions calculation, target setting, decarbonization planning, and non-financial reporting. By offering personalized sustainability action plans and compliance tracking services, Plan A empowers organizations to effectively navigate their sustainability goals and foster responsible business practices.
BeFC Bioenzymatic Fuel Cells
Seed Round in 2020
BeFC Bioenzymatic Fuel Cells is a company based in Grenoble, France, founded in 2020, that specializes in developing eco-friendly energy solutions. The company focuses on creating paper-based, ultra-thin, flexible, and miniature bioenzymatic fuel cell systems designed for sustainable energy generation. These innovative devices provide a safer alternative to traditional button or coin cell batteries, which are often difficult to recycle and environmentally harmful. BeFC's technology aims to address the growing need for sustainable power sources in disposable medical and wearable devices, facilitating the advancement of single-use applications while minimizing ecological impact. Additionally, its fuel cells present new opportunities for low-power applications in health monitoring, logistics, and the Internet of Things (IoT).
Zeway
Seed Round in 2020
Zeway is a developer of mobility solutions focused on promoting the use of electric scooters and mopeds in urban environments, particularly in Paris. The company operates on a subscription model that provides customers access to a network of battery-swapping stations, eliminating the inconvenience of charging. In addition to the vehicles, Zeway offers insurance, assistance, and maintenance services, ensuring a comprehensive and user-friendly experience for its customers. By facilitating the transition to electric mobility, Zeway aims to contribute to cleaner air and sustainable transportation options in the city.
Kapsera
Seed Round in 2019
Kapsera SAS, founded in 2018 and based in Paris, France, specializes in the manufacture of microbials-based biofertilizers and biopesticides. The company utilizes advanced biosourced and biodegradable formulation technologies, including microfluidics encapsulation, to produce monodisperse alginate capsules that are compatible with both farming equipment and various microorganisms. These microcapsules allow for the effective formulation and active release of beneficial microorganisms in agricultural settings, thus enhancing soil health and promoting sustainability. By bridging the gap between sustainability and productivity, Kapsera aims to support farmers in protecting agriculture, nurturing biodiversity, and improving overall agricultural practices.
Zenpark
Series B in 2019
Zenpark is a pioneer in automated shared parking services in Europe, providing a platform that optimizes parking space usage. By partnering with various entities such as hotels, residential landlords, businesses, and parking operators, Zenpark creates an intelligent network for its members, allowing them to access shared parking solutions that are both practical and economical. This innovative approach not only enhances convenience for users but also addresses urban mobility challenges by promoting connected and carbon-free transportation options. Through its services, Zenpark aims to alleviate traffic congestion and contribute to more efficient urban planning.
Stimergy
Venture Round in 2018
Stimergy, based in Grenoble, France, operates eco-friendly data centers that integrate seamlessly into the smart city ecosystem. Established in 2013, the company installs mini-data centers within secure technical areas of residential buildings, employing a digital boiler system to recycle heat generated by computer servers. This reclaimed heat is utilized to produce hot water for the connected buildings, enhancing overall energy efficiency. Additionally, Stimergy provides project development services tailored for animation studios, which include optimizing server allocation, computing power, storage speed, and connection speed for various projects. By creating an interconnected computing grid through optical fiber, Stimergy offers a resilient and high-performance solution for modern data management.
eLichens
Venture Round in 2018
eLichens is dedicated to providing comprehensive information about air quality through its innovative technology. The company specializes in developing low-power micro gas sensors and a connected station that integrates multiple sensors for monitoring and predicting air quality. This technology serves both indoor and outdoor applications, catering to industrial clients, smart city initiatives, and consumer markets. With a strong portfolio of patents and expertise, eLichens operates from offices in Grenoble, France, and Silicon Valley, California, aiming to enhance local air quality through its advanced solutions.
Cozynergy
Venture Round in 2017
Cozynergy is a service company specializing in energy renovation, focusing on improving comfort and energy efficiency in individual homes. It offers a comprehensive range of technologies designed for energy preservation, allowing customers to enhance their real estate assets while reducing energy costs. By prioritizing the energy renovation market, Cozynergy aims to provide effective solutions that contribute to sustainable living and lower utility expenses for homeowners.
eLichens
Venture Round in 2016
eLichens is dedicated to providing comprehensive information about air quality through its innovative technology. The company specializes in developing low-power micro gas sensors and a connected station that integrates multiple sensors for monitoring and predicting air quality. This technology serves both indoor and outdoor applications, catering to industrial clients, smart city initiatives, and consumer markets. With a strong portfolio of patents and expertise, eLichens operates from offices in Grenoble, France, and Silicon Valley, California, aiming to enhance local air quality through its advanced solutions.
Zenpark
Series A in 2016
Zenpark is a pioneer in automated shared parking services in Europe, providing a platform that optimizes parking space usage. By partnering with various entities such as hotels, residential landlords, businesses, and parking operators, Zenpark creates an intelligent network for its members, allowing them to access shared parking solutions that are both practical and economical. This innovative approach not only enhances convenience for users but also addresses urban mobility challenges by promoting connected and carbon-free transportation options. Through its services, Zenpark aims to alleviate traffic congestion and contribute to more efficient urban planning.
Stimergy
Seed Round in 2016
Stimergy, based in Grenoble, France, operates eco-friendly data centers that integrate seamlessly into the smart city ecosystem. Established in 2013, the company installs mini-data centers within secure technical areas of residential buildings, employing a digital boiler system to recycle heat generated by computer servers. This reclaimed heat is utilized to produce hot water for the connected buildings, enhancing overall energy efficiency. Additionally, Stimergy provides project development services tailored for animation studios, which include optimizing server allocation, computing power, storage speed, and connection speed for various projects. By creating an interconnected computing grid through optical fiber, Stimergy offers a resilient and high-performance solution for modern data management.
Zenpark
Seed Round in 2015
Zenpark is a pioneer in automated shared parking services in Europe, providing a platform that optimizes parking space usage. By partnering with various entities such as hotels, residential landlords, businesses, and parking operators, Zenpark creates an intelligent network for its members, allowing them to access shared parking solutions that are both practical and economical. This innovative approach not only enhances convenience for users but also addresses urban mobility challenges by promoting connected and carbon-free transportation options. Through its services, Zenpark aims to alleviate traffic congestion and contribute to more efficient urban planning.
Cozynergy
Private Equity Round in 2014
Cozynergy is a service company specializing in energy renovation, focusing on improving comfort and energy efficiency in individual homes. It offers a comprehensive range of technologies designed for energy preservation, allowing customers to enhance their real estate assets while reducing energy costs. By prioritizing the energy renovation market, Cozynergy aims to provide effective solutions that contribute to sustainable living and lower utility expenses for homeowners.
Cooltech Applications
Venture Round in 2013
Cooltech Applications specializes in innovative refrigeration systems utilizing magnetocaloric cooling technology, a concept rooted in 19th-century science. The company's solutions aim to replace conventional gas-based cooling systems found in home appliances, buildings, and transportation. By harnessing the magnetocaloric effect, Cooltech's systems provide a compression-less and gas-free alternative that is both energy-efficient and environmentally friendly. This approach allows users to adopt appliances that significantly reduce carbon footprints, promoting a more sustainable future in cooling technologies.
Cooltech Applications
Venture Round in 2013
Cooltech Applications specializes in innovative refrigeration systems utilizing magnetocaloric cooling technology, a concept rooted in 19th-century science. The company's solutions aim to replace conventional gas-based cooling systems found in home appliances, buildings, and transportation. By harnessing the magnetocaloric effect, Cooltech's systems provide a compression-less and gas-free alternative that is both energy-efficient and environmentally friendly. This approach allows users to adopt appliances that significantly reduce carbon footprints, promoting a more sustainable future in cooling technologies.
McPhy Energy
Venture Round in 2013
McPhy Energy S.A. is a French cleantech company based in La Motte, established in 2008. It specializes in developing and supplying equipment for hydrogen production, storage, and distribution, catering to the hydrogen energy, zero-emission mobility, and industrial hydrogen markets globally. The company's product portfolio includes alkaline electrolyzers that facilitate hydrogen production in various capacities, as well as innovative solid-state hydrogen storage solutions. Additionally, McPhy designs and manufactures hydrogen refueling stations and integrated hydrogen solutions, positioning itself as a key player in the transition towards sustainable energy systems.
Naldeo Group
Acquisition in 2012
Naldeo Group is an engineering and consulting firm that specializes in water, waste, and energy services. Originally a spin-off of Pöyry France, the company focuses on providing comprehensive support to government entities and industries related to energy, waste management, and water resources. Naldeo Group offers a range of services that include design, engineering, and consultancy, addressing projects from initial stages through to construction and operation. By doing so, the firm helps clients implement precautionary measures to mitigate risks and ensure seamless workflow in large-scale projects, ultimately contributing to efforts aimed at controlling climate change.
Renewable Power International, S.A.U.
Acquisition in 2011
Renewable Power International, S.A.U. is an independent power producer based in Madrid, Spain, specializing in the development and management of renewable energy projects. The company focuses on generating electricity through hydrological, wind, and solar-photovoltaic sources. It owns and operates 20 small hydro plants in Spain and Portugal, with a total installed capacity of 88.5 MW. Additionally, Renewable Power International manages and maintains power plants and photovoltaic parks for third-party clients. Established in 1987, the company was previously known as Minicentrales Dos, S.A.U. and rebranded in November 2014. It is a subsidiary of Hydrocontracting GmbH, Minicentrales, S.A.
Green Gas International
Series C in 2008
Green Gas International is a clean energy company based in Amsterdam, Netherlands, that specializes in converting methane emissions from coal mines and landfill sites into clean energy and valuable carbon credits. Founded in 2005, the company provides a comprehensive solution for gas management and utilization, including gas collection, drainage, project management, and carbon credit qualification. With over 60 projects operating globally and a 50-year consolidated track record in the industry, Green Gas International aims to improve site productivity and safety while generating new sources of electricity and heat. By effectively addressing methane emissions, the company helps customers and communities reduce their carbon footprint in a financially viable manner.
RVX
Series A in 2008
RVX specializes in the field of the engineering processes. RVX develops and implements treatment plants and recycling of your waste while maximizing efficiency of your production to limit discharges.
PANOSOL
Series A in 2008
Panosol is a solar panel installation company based in Toulouse, France, established in 2008. It specializes in the installation of photovoltaic panels and solar thermal systems, providing clients with a comprehensive service that includes design, sale, installation, and after-sales support. The company aims to assist customers in transitioning to solar energy, enabling them to save on energy costs or invest in green electricity for resale. Panosol emphasizes its commitment to sustainability and social responsibility, striving to develop its business in an economically, socially, and environmentally conscious manner.
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