INCO

INCO is a pioneering venture capital fund manager specializing in impact investing. With over €500M under management or advice, INCO invests in innovative startups and companies that drive social inclusion and environmental sustainability while delivering compelling financial returns.

Carole Cazassus

VC Investor

Guillaume Gras

Director of Investments

Timothée Metz

Investment Officer

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 delivers comprehensive health services to families in the African diaspora, spanning preventive care, medical treatments, chronic disease management, and access to authentic medications. Through a bundled, long-term care offering, Susu enables planned health support, regular monitoring of conditions such as pregnancy and chronic diseases, and connects users to quality healthcare services and insurance options, with a focus on affordability and accessibility.

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 social impact startup specializing in personal services, education, and training for vulnerable youth and individuals who struggle with learning. It offers workshops, educational activities, language immersion programs, parenting training, e-learning courses, and tailored coaching to provide access to quality education.

Label Emmaüs

Venture Round in 2023
Label Emmaüs operates an online marketplace that facilitates eco-friendly and solidarity shopping. It offers thousands of second-hand items across various categories such as vintage clothing, books, furniture, and electronics, all sourced from public donations. This platform enables customers to purchase quality products at affordable prices while supporting social and environmental causes.

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 operates a waste management platform that advances the circular economy by unlocking the potential of waste. The company promotes a second life for products, both food and non-food, across sectors including charities. It serves more than 1,000 professional clients in retail, industrial, wholesale, shopping centers, catering, and event services, helping them manage unsold inventory and waste through a web platform and a range of collaborative and logistical services. The platform provides an alternative to landfilling and incineration, supports stock management to avoid disposal, and donates unsold products to associations, enabling clients to participate in waste reduction and social responsibility initiatives.

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 delivers turnkey recruitment and training solutions dedicated to refugees and newcomers, making inclusion an integral part of business operations. The company provides a platform that connects employers with diverse talent, offers tailored training, supports onboarding, and provides ongoing mentorship and career development resources to unlock the potential of multicultural workforces and help organizations derive value from inclusion.

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
Founded in Paris, France in 2014, Goshaba specializes in innovative recruitment solutions. It offers Smart Screening to identify suitable candidates, Cognitive Gaming to assess personality traits via gamified paths, and Talent Mapping to analyze skillsets within talent pools.

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 operates a waste management platform that advances the circular economy by unlocking the potential of waste. The company promotes a second life for products, both food and non-food, across sectors including charities. It serves more than 1,000 professional clients in retail, industrial, wholesale, shopping centers, catering, and event services, helping them manage unsold inventory and waste through a web platform and a range of collaborative and logistical services. The platform provides an alternative to landfilling and incineration, supports stock management to avoid disposal, and donates unsold products to associations, enabling clients to participate in waste reduction and social responsibility initiatives.

Hydrao

Seed Round in 2018
Hydrao is a technology company that designs smart water-conservation devices. Its flagship product is a smart shower head with color indicators that show water usage, helping users reduce consumption and lower water bills. The company also provides an accompanying app to monitor water usage and encourage sustainable habits. Founded in 2015, Hydrao is based in Grenoble, France.

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 an impact investing platform that connects individuals with social entrepreneurs and enables online investments in companies pursuing social, environmental, or other positive impacts. Founded in 2015 and headquartered in Paris, France, the platform operates as a crowdfunding and investment portal offering services across angel investing, debt, venture capital, equity crowdfunding, product crowdfunding, and seed rounds. It serves sectors including healthcare, energy, information technology, media, retail, software, and agriculture, supporting access to finance for ventures delivering measurable social and environmental benefits.

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
Founded in Paris, France in 2012, Make ICI operates collaborative factories across France for artists, artisans, entrepreneurs, and start-ups. It offers shared workshops, manufacturing equipment, storage spaces, assembly rooms, and business support services to facilitate product development from design to finishing.

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 operates an online marketplace that facilitates eco-friendly and solidarity shopping. It offers thousands of second-hand items across various categories such as vintage clothing, books, furniture, and electronics, all sourced from public donations. This platform enables customers to purchase quality products at affordable prices while supporting social and environmental causes.

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 operates a waste management platform that advances the circular economy by unlocking the potential of waste. The company promotes a second life for products, both food and non-food, across sectors including charities. It serves more than 1,000 professional clients in retail, industrial, wholesale, shopping centers, catering, and event services, helping them manage unsold inventory and waste through a web platform and a range of collaborative and logistical services. The platform provides an alternative to landfilling and incineration, supports stock management to avoid disposal, and donates unsold products to associations, enabling clients to participate in waste reduction and social responsibility initiatives.

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 specializes in developing assistive technology platforms aimed at enhancing the social inclusion of individuals with cognitive disabilities. Its innovative methodology focuses on co-innovation with users to create digital solutions that improve autonomy and learning.

Telegrafik

Seed Round in 2014
Telegrafik offers an intelligent platform for analyzing data from sensors in home care settings. It specializes in Internet-of-Things solutions for the SMART CARE market, transforming sensor data into valuable services such as smart alerting and monitoring.

RogerVoice

Seed Round in 2014
Founded in Paris, France in 2013, RogerVoice is a pioneering app designed to facilitate communication for individuals who are deaf or hard of hearing. It offers real-time, multilingual voice recognition and transcription services during phone calls, enabling users to read conversations.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.