Inco Ventures

Inco Ventures, based in Paris, France, is a specialized venture capital firm licensed by the AMF. With over €500 million in assets under management or advice, the company invests in and supports promising startups and companies that focus on innovative solutions to social and environmental challenges. Their investment portfolio spans across sectors such as energy and ecological transitions, digital economy and education, healthcare, and service accessibility. Inco Ventures is committed to fostering a new economy that is both socially inclusive and environmentally sustainable, aligning financial returns with positive impact.

Guillaume Gras

Director of Investments

38 past transactions

OpenAtlas

Non Equity Assistance in 2025
OpenAtlas is a technology company that specializes in monitoring deforestation using satellite imagery and artificial intelligence. It offers a solution called ADAM, which combines proprietary data labeling sets and Sentinel-2 satellite imagery from the Copernicus program to provide accurate and reliable data on deforestation risk in supply chains. This helps businesses comply with regulations like the EU Deforestation Regulation (EUDR). OpenAtlas' expertise in deep learning and regulatory knowledge simplifies compliance obligations for global businesses. Its ADAM solution goes beyond basic deforestation monitoring, offering forest degradation outputs and land-use change analysis to aid decision-making and minimize compliance risk.

GreenGo

Seed Round in 2024
GreenGo is a European platform to book eco-friendly transportation and accommodation. It is a fair and responsible alternative to traditional accommodation booking sites. Currently, GreenGo allows French people concerned about their environmental impact to enjoy authentic, sometimes unusual accommodations while staying in line with their values. GreenGo is differentiating by offering a unique origin-first search experience that allows to discover exciting places while taking transportation constraints into account. In other words, GreenGo is the European, responsible alternative to Booking and Airbnb.

Vulkam

Venture Round in 2023
Vulkam SAS is a microtechnology company based in Saint-Martin-d'Hères, France, specializing in the design and production of amorphous metal parts. Founded in 2017, Vulkam focuses on creating biocompatible amorphous metal alloys primarily composed of zirconium, copper, hafnium, nickel, and titanium. The company's innovative products serve various industries, including aerospace, automotive, biomedical, and microcomponents. Vulkam's micromechanical parts are notable for their small size and exceptional strength, offering performance comparable to established industry standards. By leveraging advanced materials science, Vulkam aims to set new benchmarks in metallurgy and metal processing, catering to the growing demand for high-performance, functional components in diverse applications.

Susu

Venture Round in 2023
Susu is a health tech company focused on making healthcare accessible and affordable for individuals within the African diaspora. It offers a comprehensive range of health services, including preventive care, medical treatments, chronic disease management, and the provision of authentic medications. The company operates a platform that delivers health bundle services, ensuring planned, long-term health support for patients. This approach facilitates optimal monitoring of various health conditions, such as pregnancy and chronic diseases, enabling users to access quality healthcare services and insurance. Through its innovative offerings, Susu aims to enhance healthcare access for families across the African diaspora.

50inTech

Seed Round in 2023
50inTech operates an online platform designed to accelerate career growth for women in the tech industry. This platform facilitates networking, job searches, and access to actionable advice, fostering collaboration among its community of women professionals and tech companies aiming to promote gender diversity.

Vesto

Seed Round in 2023
Vesto has set up an industrial area specifically for the repurposing of equipment used by restaurateurs. In addition to traditional catering, we hope to make it possible for group catering, open tenders, and eventually other professions to outfit themselves with less expensive, second-hand equipment while still minimizing their impact.

Educ-up

Seed Round in 2023
Educ-Up is a startup dedicated to enhancing educational and social outcomes for vulnerable populations, particularly young people and those seeking alternative learning paths. The company provides a range of services, including Montessori workshops, educational activities, language immersion programs, and parenting training. Educ-Up also offers e-learning courses and personalized coaching, aiming to connect the educational community and deliver consistent support to children and their families. Through its innovative training centers, the company seeks to foster a nurturing environment that encourages effective learning and development.

Label Emmaüs

Venture Round in 2023
Label Emmaüs is an online marketplace focused on promoting eco-friendly and solidarity shopping. The platform features a diverse catalog of thousands of second-hand items donated by the public, which includes vintage goods, branded products, books, decorative items, reconditioned equipment, furniture, and clothing. By facilitating the sale of these items, Label Emmaüs not only supports sustainable consumption but also provides employment opportunities for unemployed individuals and generates alternative income sources for small solidarity shops. The company aims to foster a culture of solidarity while encouraging responsible shopping practices.

YMO Guinée

Seed Round in 2023
YMO Guinée is an app to send and receive money in Guinea, at the best rate. Available for free on iOS and Android.

PHENIX

Venture Round in 2022
Phenix is a waste management company focused on reducing waste and promoting a circular economy by maximizing the potential of unsold products. With a dedicated team of approximately 100 employees, Phenix offers a platform that facilitates the management of unsold goods for over 1,000 clients across various sectors, including retail, industry, and catering. The company provides comprehensive collaborative and logistical services, enabling clients to efficiently handle their excess stock while minimizing social and environmental impact. By connecting manufacturers and retailers with charities and organizations, Phenix plays a crucial role in donating unsold products, thereby helping clients actively participate in the fight against waste and promoting corporate social responsibility.

Professorbob.ai

Seed Round in 2022
Professor Bob.ai offers an artificial intelligence programme that is capable of teaching, asking, and answering questions, thereby helping students with this technology.

Each One

Venture Round in 2022
Each One is a company focused on providing comprehensive recruitment and training solutions for refugees and newcomers, aimed at enhancing workplace inclusion. By developing a platform that connects the needs of businesses with the talents of refugees, Each One facilitates a diverse recruitment process that highlights the benefits of multiculturalism. The company's innovative approach enables organizations to access motivated and committed individuals from diverse backgrounds, thereby enriching their workforce. Through its services, Each One aims to transform the recruitment landscape, making inclusion a valuable experience for both businesses and their employees.

Vendredi

Series A in 2022
Vendredi is a civic engagement platform designed to streamline the management of corporate solidarity actions. The company facilitates shared jobs between for-profit and non-profit organizations through its platform, which offers various recruitment programs, training modules, mentoring courses, interactive classes, and workshops focused on startup building, branding, and promotion. This enables businesses and social entrepreneurs to address daily management and administrative challenges effectively.

Goshaba

Venture Round in 2022
Goshaba SAS is a technology company based in Paris, France, specializing in recruitment and talent management solutions. Founded in 2014, Goshaba develops an employee recruitment platform that automates candidate qualification processes by leveraging advanced data collection methods. The platform features Smart Screening, which identifies candidates who closely match job criteria; Cognitive Gaming, which utilizes mini-games to assess candidates' personality traits; and Talent Mapping, which analyzes the skills and personalities within a talent pool. By employing cognitive science principles, Goshaba enables recruiters to evaluate candidates more objectively and effectively, facilitating informed hiring decisions that align candidates' skills and aspirations with organizational needs.

upOwa

Series A in 2019
upOwa is a social business that develops, deploys, and maintains innovative solar home systems in off-grid African communities. These systems provide affordable access to clean electricity, replacing traditional sources like kerosene lamps. By doing so, upOwa enables significant social and economic improvements at the community level while maintaining financial profitability and promoting environmental sustainability.

Simplon.co

Venture Round in 2019
Simplon.co SAS, established in 2013 and headquartered in Montreuil, France, specializes in web development training services. The company operates a network of social digital factories both in France and internationally, focusing on inclusivity within the digital sector. Since its inception, Simplon.co has trained over 2,000 individuals, particularly targeting groups underrepresented in the tech industry to uncover and nurture their talents. In addition to its training programs, Simplon.co provides consultancy services to businesses, assisting them with digital transformation and the development of websites and applications.

PHENIX

Venture Round in 2018
Phenix is a waste management company focused on reducing waste and promoting a circular economy by maximizing the potential of unsold products. With a dedicated team of approximately 100 employees, Phenix offers a platform that facilitates the management of unsold goods for over 1,000 clients across various sectors, including retail, industry, and catering. The company provides comprehensive collaborative and logistical services, enabling clients to efficiently handle their excess stock while minimizing social and environmental impact. By connecting manufacturers and retailers with charities and organizations, Phenix plays a crucial role in donating unsold products, thereby helping clients actively participate in the fight against waste and promoting corporate social responsibility.

Hydrao

Seed Round in 2018
Hydrao is a company based in Grenoble, France, that specializes in water conservation products aimed at reducing environmental impact while enhancing user convenience. Founded in 2015, it offers a smart shower head that changes color based on water usage, providing users with immediate feedback on their consumption. Additionally, Hydrao provides an application that allows customers to monitor their water usage over time, promoting sustainable habits and helping to lower water bills. Through its innovative approach, Hydrao encourages a culture of sustainability among its users.

Betterfly Tourism

Venture Round in 2018
Betterfly Tourism, established in 2011 and headquartered in Nantes, France, specializes in developing software solutions for the sustainable tourism industry. The company offers three primary products: Winggy, a tool designed to facilitate the transition of tourist accommodations towards more sustainable practices; Edgar, a measurement and monitoring system aimed at reducing food waste in restaurants; and Green Passport, an online platform supporting local authorities in integrating into these sustainability initiatives. Through these solutions, Betterfly Tourism helps reduce operating costs, environmental impacts, and food waste within the tourism sector.

Comptoir de Campagne

Seed Round in 2018
Comptoir de Campagne is a company based in Villeurbanne, France, that operates multi-service stores both offline and online. Established in 2015, the company aims to simplify daily living for residents in rural areas by providing a diverse range of services and products. Its stores feature a selection of grocery items, service counters for cleaning, retouching, and shoemaking, as well as a café offering à la carte snacks. Additionally, Comptoir de Campagne provides an e-service space for internet access, online ordering, and printing services. By fostering local job creation and enhancing community connections, the company endeavors to make essential goods and services more accessible to its customers.

Lita.co

Venture Round in 2018
Lita.co is a digital platform facilitating impact investing by connecting individuals with social entrepreneurs seeking ethical financing. It enables retail and professional investors to fund startups and small businesses focused on positive social or environmental impacts, while also providing these enterprises access to convenient capital-raising opportunities.

upOwa

Series A in 2018
upOwa is a social business that develops, deploys, and maintains innovative solar home systems in off-grid African communities. These systems provide affordable access to clean electricity, replacing traditional sources like kerosene lamps. By doing so, upOwa enables significant social and economic improvements at the community level while maintaining financial profitability and promoting environmental sustainability.

Etic

Venture Round in 2018
Etic is a company focused on the acquisition, renovation, and management of commercial real estate, specifically office spaces and retail shops. It operates social real estate centers designed to provide affordable business premises and shared resources for non-profit organizations and social enterprises. By rehabilitating properties, Etic creates eco-responsible workspaces that are available at moderate costs, offering flexible lease terms and a range of shared services. The company emphasizes sustainable practices in its operations, contributing to accessible and supportive environments for various social initiatives.

Moulinot Compost & Biogaz

Venture Round in 2017
Moulinot Compost & Biogaz SAS, founded in 2013 and headquartered in Paris, specializes in waste sorting, collection, and recycling services tailored for restaurants in the Paris area. The company addresses the critical issue of food waste management by providing a comprehensive solution that aligns with sustainable development goals. Its founder, Stephan Martinez, a chef with deep roots in the culinary world, recognized the need for effective food waste processing to prevent burial and incineration. Moulinot operates under the principles of the circular economy by supporting the catering industry in complying with regulations that mandate the transformation of food waste. The company offers customized sorting solutions, utilizes environmentally friendly vehicles for bio-waste collection, and processes the waste into high-quality compost and energy. This innovative approach not only enhances waste management practices but also contributes to soil health and renewable energy generation.

Réseau Citiz

Venture Round in 2017
Réseau Citiz is a cooperative established in 2002 and headquartered in Strasbourg, France, specializing in car-sharing services. Founded by the pioneers of carsharing in the country, the company focuses on developing localized car-sharing solutions that cater to the needs of various territories and users. The Citiz network comprises 12 independent local car-sharing operators, enhancing its reach and flexibility in providing accessible transportation options. Through its collaborative approach, Réseau Citiz aims to promote sustainable mobility and support communities in reducing reliance on personal vehicles.

Make iCi

Venture Round in 2017
Make iCi SAS is a collaborative workshop operator based in Paris, France, with additional locations in Morvan, Nantes, Bordeaux, and Lille-Roubaix. Founded in 2012, the company offers factory space for artists, artisans, entrepreneurs, and startups, fostering local production and revitalizing neighborhoods. Make iCi provides a variety of services including consulting, design, prototyping, and small-scale manufacturing, as well as training programs such as team-building workshops. Its flagship location in Montreuil spans 1,750 square meters and accommodates 165 residents and 350 users, supporting a community that collaborates with numerous companies and institutions. By facilitating access to shared workshops, digital manufacturing tools, and business development resources, Make iCi enables creators to transform their ideas into tangible products.

Clip It

Equity Crowdfunding in 2017
Clip It, founded in 2012, is a French company that manufactures toys and games for children, with its base of operations in Montpellier. The company is committed to an innovative circular economic model, which emphasizes sustainability in its production processes. Its diverse clientele includes individuals, educational institutions, ergotherapists, and artists, indicating a broad appeal beyond traditional toy markets. In addition to its primary offerings, Clip It actively seeks out new applications for its products, fostering creativity and educational use through initiatives such as a downloadable leaflet that outlines various educational implementations. This focus on versatile use underscores the company's dedication to enhancing learning and play for children.

Tale me

Seed Round in 2017
Tale me is the best way to dress children with designers clothes. Ecological, easy and smart.

Label Emmaüs

Seed Round in 2017
Label Emmaüs is an online marketplace focused on promoting eco-friendly and solidarity shopping. The platform features a diverse catalog of thousands of second-hand items donated by the public, which includes vintage goods, branded products, books, decorative items, reconditioned equipment, furniture, and clothing. By facilitating the sale of these items, Label Emmaüs not only supports sustainable consumption but also provides employment opportunities for unemployed individuals and generates alternative income sources for small solidarity shops. The company aims to foster a culture of solidarity while encouraging responsible shopping practices.

Alancienne

Seed Round in 2016
Alancienne is a French company based in Courbevoie that specializes in online delivery services for ultra-fresh organic and local products. Founded in 2016, Alancienne focuses on delivering a variety of items including fruits, vegetables, dairy products, meat, bakery goods, and groceries directly from local suppliers to consumers' homes. The company is committed to providing high-quality, locally sourced food products through its user-friendly online platform, ensuring convenience and freshness for customers.

PHENIX

Venture Round in 2015
Phenix is a waste management company focused on reducing waste and promoting a circular economy by maximizing the potential of unsold products. With a dedicated team of approximately 100 employees, Phenix offers a platform that facilitates the management of unsold goods for over 1,000 clients across various sectors, including retail, industry, and catering. The company provides comprehensive collaborative and logistical services, enabling clients to efficiently handle their excess stock while minimizing social and environmental impact. By connecting manufacturers and retailers with charities and organizations, Phenix plays a crucial role in donating unsold products, thereby helping clients actively participate in the fight against waste and promoting corporate social responsibility.

The MOOC Agency

Seed Round in 2014
The MOOC Agency is a consulting agency and design solutions in MOOC / SPOC / COOC format.

Auticiel

Seed Round in 2014
Auticiel is a company focused on enhancing the autonomy and social inclusion of individuals with mental and cognitive disabilities through innovative digital solutions. It has developed an assistive platform that facilitates communication by utilizing symbols, pictures, and text. The platform aids users in learning and skill development, helps them understand schedules, manages tasks, and fosters time-awareness skills. By addressing the unique challenges faced by people with cognitive and mental impairments, Auticiel aims to promote greater independence and social integration, thereby improving the overall quality of life for its users.

Telegrafik

Seed Round in 2014
Telegrafik is an intelligent analysis platform focused on enhancing home care for the elderly through the use of data from sensors. The company offers Internet-of-Things solutions tailored for the SMART CARE market, developing a software platform that converts sensor data into valuable services. These services include smart alerting, activity monitoring, behavior analysis, and anomaly detection. By providing these capabilities, Telegrafik enables users to access connected services that promote independence and health for elderly individuals, allowing them to maintain their autonomy in their home environments.

Rogervoice

Seed Round in 2014
Rogervoice, established in 2013 and headquartered in Paris, France, specializes in developing assistive communication technologies. Its flagship product is a smartphone application that facilitates real-time, automatic transcription of phone calls into multiple languages, enabling deaf or hard-of-hearing individuals to participate in conversations more effectively.

Jimini's

Seed Round in 2013
Jimini's is a French company that produces and sells edible insect-based products. They offer a range of seasoned insects as aperitifs or snacks in 15 flavors, along with gluten-free dried fruit bars enriched with insect powder for sports nutrition. All their products are made from 100% European insects, carefully cooked at their workshop in Vaux-le-Pénil.

Ecomouton

Seed Round in 2013
Ecomouton is a company based in Guignes, France, established in 2012, that specializes in eco-grazing services for businesses and communities. The company offers a unique lawn mowing service utilizing sheep to maintain green spaces, promoting an environmentally friendly approach to lawn care. By employing sheep for mowing, Ecomouton avoids the use of mechanical mowers and chemical weedkillers, aligning with sustainable practices. The service adapts to various climates and site configurations, ensuring effective lawn maintenance while fostering ecological balance.
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