NCI is a private equity firm based in Rouen, France, founded in 1999. The firm specializes in investing in both public and private markets, focusing on a diverse range of sectors, including agriculture, construction, logistics, digital technology, hardware, e-commerce, food technology, and information technology. NCI leverages its expertise to identify and support companies within these industries, aiming to foster growth and enhance value through strategic investments.
Associate, CEO, Deputy General Director and General Manager
Vincent Lhermenier
Associate Director
Nathalie MARQUIS
Director of the Performances Division
Laurie Périé
Investment Manager
Jerome Revy
Venture Partner
48 past transactions
Keey Aerogel
Series A in 2025
Keey Aerogel specializes in the production of silica aerogel derived from construction waste using a closed-loop process that recycles carbon dioxide and ethanol. The company focuses on the valorization of silica-containing construction and demolition materials, transforming them into high-value aerogel products. These nanoporous materials are designed to enhance energy efficiency in the construction and refurbishment of buildings, as well as for various industrial applications. By leveraging waste materials, Keey Aerogel aims to contribute to sustainable practices while providing effective thermal insulation solutions in ambient conditions.
Wellow
Seed Round in 2025
Freeing up vacant large apartments in the city center and set it back to the market to provide comfortable living spaces and address the housing crisis is the mission of Wellow. Wellow is committed to tackling the housing crisis among young people and is developing a new model of collective and urban housing to offer them an immersive and interactive lifestyle, bridging the gaps within and between cities. Wellow empowers its community with access to fully-equipped rooms within shared spaces, creating a sense of home and belonging. But the Wellow experience doesn't stop there. It extends into the heart of the city, where a vibrant social tapestry weaves around culture, social and charitable events offered every week. For private and institutional property owners, Wellow not only mitigates rental risks but also actively addresses the challenges of vacant properties, asset maintenance, and unpaid rents in large residential spaces. Today, Wellow stands tall with over 500+ young individuals finding their place in the heart of Paris. Discover our mission at www.wellowhouse.com
VelyVelo
Seed Round in 2024
VelyVelo specializes in enhancing last-mile delivery operations by providing sustainable mobility solutions through its electric bicycles. The company designs lightweight and affordable e-bikes featuring wide tires, powerful batteries, and suspension forks, aimed at supporting delivery personnel in their logistics efforts. VelyVelo offers a comprehensive subscription service alongside a technology platform that optimizes fleet management for delivery businesses. By focusing on eco-friendly transportation options, VelyVelo helps clients reduce their carbon footprint while improving efficiency in last-mile delivery.
Obat
Series A in 2023
Obat provides invoicing and payment software designed for contractors and independent contractors in the construction industry. The platform offers features for estimation, project management, site monitoring, and invoice generation specifically for building craftsmen. By continually evolving based on feedback from customers and partners, Obat aims to enhance operational efficiency for small and medium enterprises, allowing them to concentrate on their core business activities and improve their overall value proposition.
Flatsy
Venture Round in 2023
Flatsy is a Paris-based platform established in 2015 that specializes in managing real estate viewings. It offers an appointment scheduling tool aimed at simplifying the processes of buying, selling, and renting property. The platform provides a dashboard that allows real estate professionals to oversee the progress of their property visits. Additionally, Flatsy connects users with local agents, enabling them to delegate property visits to independent professionals. This service streamlines the appointment process, eliminating the need for back-and-forth communication via phone calls and emails, and helps agents monitor visits to reduce unnecessary travel.
Expliseat
Venture Round in 2023
Expliseat is a manufacturer specializing in lightweight aircraft seats, most notably the Titanium Seat, which weighs only 4 kg. This innovative design significantly reduces fuel consumption, yielding potential savings of up to $500,000 per aircraft annually. The seats are crafted from carbon fiber and feature a unique hinge mechanism, ensuring durability while accommodating passengers of all sizes. With ten patents to its name, Expliseat's products also enhance passenger comfort by providing two additional inches of legroom, catering to the evolving needs of airlines and their customers.
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.
Masteos
Series A in 2023
Masteos SAS is a rental real estate investment advisory firm based in Aulnay-Sous-Bois, France, founded in 2019. The company operates a platform that assists users in identifying and managing rental investment opportunities. Masteos offers a range of services, including renovation and furnishing assistance to enhance property value and rental income, as well as rent tracking features. This approach enables clients to invest in real estate efficiently, minimizing financial effort and operational burdens.
Optoprim
Venture Round in 2022
Optoprim is a machinery manufacturer that distributes lasers, optics, and optical-electronic equipment. They serve lasers, laser pulses, leds, sources with a large bandwidth, diodes lasers, et drivers lasers, fixed wavelength nanoseconds, accordable nanoseconds, fixed wavelength, and solar simulators.
Poiscaille
Venture Round in 2022
Poiscaille is a seafood distributor based in Montreuil, France, specializing in providing fresh and high-quality seafood products. The company collaborates with fishermen who adhere to sustainable and ethical fishing practices, ensuring that their offerings are both responsible and environmentally friendly. Poiscaille delivers baskets of seafood products to its partners in a timely manner, allowing customers to enjoy fresh seafood at affordable prices that vary according to the catch of the day.
Flatsy
Venture Round in 2021
Flatsy is a Paris-based platform established in 2015 that specializes in managing real estate viewings. It offers an appointment scheduling tool aimed at simplifying the processes of buying, selling, and renting property. The platform provides a dashboard that allows real estate professionals to oversee the progress of their property visits. Additionally, Flatsy connects users with local agents, enabling them to delegate property visits to independent professionals. This service streamlines the appointment process, eliminating the need for back-and-forth communication via phone calls and emails, and helps agents monitor visits to reduce unnecessary travel.
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.
Atelier Brâam
Series A in 2020
Atelier Brâam is a French company specializing in the online distribution of gourmet products, coffee machines, and indoor plants. Their offerings include seasonal fruits, coffees and teas, healthy snacks, cold drinks, and a curated selection of indoor vegetation. The company's mission is to promote workplace well-being and productivity through its environmentally sustainable product range.
Eelway
Seed Round in 2018
Eelway is a luggage storage and transfer service operating in Paris, facilitating seamless travel experiences for both residents and visitors. The company offers long and short-term luggage storage, as well as door-to-airport and door-to-station baggage transfer. Eelway caters to various needs by collecting, storing, and delivering luggage of any size from locations such as airports, train stations, hotels, and private residences within the Parisian region. Their innovative baggage management platform ensures a comprehensive service that includes delivery, storage, and collection, with plans to introduce remote baggage check-in in the future. By alleviating the burden of luggage, Eelway enhances the overall travel experience, allowing customers to focus on enjoying their time in Paris.
E-commerce Nation
Seed Round in 2018
E-commerce Nation is the first e-commerce community in France, designed to support entrepreneurs and e-commerce professionals in enhancing their skills. Established as a collaborative platform by the club of e-traders Norman, it serves as a meeting point for e-merchants seeking to improve their knowledge and activities. The company publishes an online magazine that features practical articles and expert insights, aimed at providing relevant information to its members. By offering accessible content and fostering a collaborative environment, E-commerce Nation enables entrepreneurs to develop their businesses and increase their revenue through improved financial literacy and strategic tools.
Filpack
Private Equity Round in 2018
Filpack SA, established in 1977 and headquartered in Pierrelaye, France, specializes in the distribution and manufacturing of packaging solutions for the fruit and vegetable industry, as well as other sectors such as industrial and construction. The company offers a comprehensive range of products, including packaging materials, films, pallets, wrapping paper, nets, staplers, and weighing machines, along with essential measuring instruments. Additionally, Filpack provides supplies and consumables, as well as label printing services, ensuring that clients have access to all necessary resources for efficient packaging operations.
Factem
Acquisition in 2018
FACTEM specializes in the design and manufacture of communication devices, primarily targeting the civil aeronautics and military sectors in France. The company provides a diverse range of products, including microphones, headphones, protective helmets, and accessories tailored for aerospace, military, maritime, and industrial applications. Their offerings encompass not only communication headsets and spare parts but also magnetic switches and inductors for use in the railway industry and port infrastructures. Founded in 2007 and based in Bayeux, France, FACTEM operates as a former subsidiary of Duons MCO S.A.S. and Safran Electronics & Defense SAS. The company's products are accessible through online platforms and various suppliers.
Groupe Decharenton
Seed Round in 2018
Groupe Decharenton, incorporated in 2017 and based in Flers, France, specializes in the distribution of spare parts for machines and automobile components, along with related products. The company focuses on providing essential parts to support various industries, ensuring that customers have access to the necessary supplies for maintenance and repair.
Groupe Lecaux
Seed Round in 2017
Groupe Lecaux is a provider of printing and digital communication services based in Cherbourg-en-Cotentin, France. The company specializes in commercial printing, web-to-print, and digital signage services. By offering a range of physical and digital communication solutions, Groupe Lecaux enables its clients to effectively engage with target consumers and promote their brands.
Robocath
Venture Round in 2017
Robocath, founded in 2009 by Philippe Bencteux, MD, specializes in designing, developing, and commercializing robotic solutions for treating cardiovascular diseases. The company focuses on enhancing the safety and effectiveness of medical procedures through innovative robotic technology. Its flagship product, R-One™, optimizes the safety of robotic-assisted coronary angioplasty, a procedure aimed at revascularizing the cardiac muscle by inserting implants into arteries. R-One™ is engineered for precision and specific movements, improving interventional conditions for surgeons while minimizing their exposure to x-rays. With an open architecture, it is compatible with leading medical devices and catheterization laboratories. Robocath aims to become a global leader in vascular robotics, particularly in the remote treatment of vascular emergencies, ensuring optimal care pathways for patients.
QuiToque
Series A in 2017
QuiToque is a Paris-based company that specializes in delivering packed recipes to homes across France. Founded in 2012, it initially operated under the name SAS Cookin'theworld and has since positioned itself as a pioneer in the ready-to-cook meal kit market in France. The company offers a subscription service that provides customers with a weekly box containing fresh, seasonal ingredients sourced from organic or sustainable farms, along with detailed recipes to ensure a varied and balanced diet. QuiToque aims to simplify the grocery shopping experience by offering convenient meal solutions, thereby promoting healthy cooking at home. As of March 2018, QuiToque operates as a subsidiary of Carrefour SA.
TargEDys
Series A in 2017
TargEDys is a company based in Rouen, France, that specializes in developing innovative treatments for eating disorders such as hyperphagia and anorexia. Established in 2011, TargEDys focuses on harnessing hormone mimetic proteins associated with the gut microbiota to regulate appetite. Their approach involves utilizing natural bacterial proteins found in the gut microbiome to modulate eating behavior, helping to control appetite in overweight individuals and restore normal eating patterns in elderly or cachexic patients. Through its research and development efforts, TargEDys aims to provide effective solutions for those struggling with metabolic diseases related to appetite regulation.
Mashup Web
Seed Round in 2017
Mashup Web, established in 2015 and headquartered in Rouen, France, specializes in developing software applications for sports content aggregation and distribution. Its primary products, Football Addict and Rugby Addict, provide users with a comprehensive view of news, photos, videos, fixtures, results, and standings for respective sports. The company's core technology aggregates content from thousands of sources, offering users personalized sports news and enabling content distribution across social networks in multiple languages.
Saagie
Series A in 2016
Saagie specializes in big data analytics through its DataOps Orchestration platform, which streamlines and accelerates analytic project delivery from raw data to production within weeks. The company aims to unify people, processes, and technology, providing organizations with a reliable framework that emphasizes time-to-value. Saagie's platform is designed to be "open by design," featuring isolated containers and robust network engineering, ensuring transparency in security and governance. This approach fosters trust and auditability in analytic projects. By integrating both open-source and commercial technologies, Saagie supports a wide range of big data and artificial intelligence use cases, allowing global companies to harness the full potential of their data-intensive initiatives. Ultimately, Saagie's solution serves as a Plug and Play Orchestrator for DataOps, facilitating the efficient distribution of AI and big data to enhance competitive advantage across various industries.
Marche Prive
Seed Round in 2016
Marche Prive provides private sales/deals on restaurants and gastronomy, wellness activities, beauty salons, exits, hobbies, hotels and guest houses, outings and leisure activities, traveling, services and training, and other benefits online.
Dieuzy
Venture Round in 2016
Dieuzy specializes in laundry and linen rental services tailored for various businesses, including cafes, hotels, restaurants, and amusement parks. The company employs environmentally friendly technology for the collection, treatment, and delivery of fabrics, ensuring that clients receive dry-cleaning and maintenance services that align with their specific needs. By focusing on sustainable practices, Dieuzy aims to provide efficient and reliable solutions that cater to the operational demands of its customers.
Normatrans
Acquisition in 2016
Normatrans SA, founded in 1983 and located in Grentheville, France, specializes in transportation and logistics services across road, sea, and air. The company offers a diverse range of services, including fast national expeditions, accelerated regional distribution, international shipping, express taxi, and courier services. Additionally, Normatrans provides industrial transport, logistics solutions, long-term rental of industrial vehicles, pallet transport, and refrigerated transport. Their comprehensive approach enables them to meet various logistical needs for both domestic and international clients.
Youboox
Seed Round in 2016
Youboox is a digital book reading platform that offers a freemium model, allowing users to read a wide variety of e-books for free on their iPads or via the web. The service provides two options: a discovery plan that requires registration, enabling users to stream thousands of e-books and create a personal library, and a premium plan for a monthly fee that allows users to download e-books for offline access. The platform aims to enhance accessibility to literature by offering a diverse selection of genres, including classics, travel literature, and comics. This service is designed to make reading more convenient and enjoyable for users.
MIP Robotics
Seed Round in 2016
MIP Robotics SAS is a Paris-based company founded in 2015 that specializes in the development and installation of industrial robots. The company focuses on creating user-friendly and cost-effective robotic solutions for various applications, including the storage of bottles and goods, collaborative loading, machine testing, and mobile robotic arms. MIP Robotics aims to make industrial robotics accessible to businesses of all sizes, particularly small and medium enterprises, by providing technology that does not require advanced computer or programming knowledge. This approach enables companies to enhance their operational efficiency and competitiveness in a global market. Additionally, MIP Robotics offers tutorials to assist users with the installation, configuration, and operation of their robots.
TargEDys
Series A in 2016
TargEDys is a company based in Rouen, France, that specializes in developing innovative treatments for eating disorders such as hyperphagia and anorexia. Established in 2011, TargEDys focuses on harnessing hormone mimetic proteins associated with the gut microbiota to regulate appetite. Their approach involves utilizing natural bacterial proteins found in the gut microbiome to modulate eating behavior, helping to control appetite in overweight individuals and restore normal eating patterns in elderly or cachexic patients. Through its research and development efforts, TargEDys aims to provide effective solutions for those struggling with metabolic diseases related to appetite regulation.
Bubble BD
Seed Round in 2016
Bubble helps comic book lovers to track their collection, discover new issues and buy them. The ambition is to help comic books lovers to save time in their daily lives.
Mon Eden
Venture Round in 2016
Mon Eden SAS, established in 2010 and located in Cergy-Pontoise, France, is a leading provider in the French gardening market. The company specializes in offering a comprehensive range of plants and gardening products, along with services aimed at ensuring successful and healthy gardens. Mon Eden is distinguished as the first dedicated garden player in France, bringing together a team of gardening professionals and enthusiasts who leverage their expertise in gardening, landscaping, web development, and logistics. Over the years, the company has expanded its team by hiring skilled individuals and collaborating with partners to support its growth.
Vallois
Venture Round in 2015
Vallois is a company that specializes in landscaping and the development of outdoor spaces. It provides a range of services, including the design, installation, and maintenance of parks and gardens, catering to both private and public sectors. Vallois also has a dedicated research department that focuses on creating customized technical briefs to enhance its service offerings.
ALTICAP
Seed Round in 2015
Groupe Alticap provides a range of management software services and information technology solutions targeted at mid-cap and small to medium-sized enterprises. The company specializes in various areas, including payroll management, commercial and logistics management, accounting and financial management, as well as customer relationship management (CRM). Additionally, it offers collaborative tools and IT security services, assisting clients in optimizing their information systems and enhancing overall operational efficiency.
Mon Eden
Venture Round in 2014
Mon Eden SAS, established in 2010 and located in Cergy-Pontoise, France, is a leading provider in the French gardening market. The company specializes in offering a comprehensive range of plants and gardening products, along with services aimed at ensuring successful and healthy gardens. Mon Eden is distinguished as the first dedicated garden player in France, bringing together a team of gardening professionals and enthusiasts who leverage their expertise in gardening, landscaping, web development, and logistics. Over the years, the company has expanded its team by hiring skilled individuals and collaborating with partners to support its growth.
Didactic
Acquisition in 2014
Didactic specializes in the manufacture and distribution of sterile and non-sterile medical devices, aimed at enhancing the safety and efficiency of healthcare professionals. The company provides solutions for both public and private healthcare sectors in France, focusing on five key product lines: protection, perfusion, injection, urology, and care. Their offerings include a range of medical supplies such as perfusion and transfusion equipment, tube extensions, examination gloves, and urine collectors. By prioritizing the needs of caregivers, Didactic aims to improve patient well-being through its innovative mouth care, hand protection, and sterilization solutions.
Palettes Gestion Services
Venture Round in 2014
Palettes Gestion Services SAS, founded in 1993 and based in Saint-Etienne-du-Rouvray, France, specializes in manufacturing and selling a diverse range of pallets and packaging solutions. The company produces various types of wooden pallets, including standard, custom-built, CP, and VMF pallets, as well as box pallets designed for transporting small or irregularly shaped products. In addition to wooden products, Palettes Gestion Services offers plastic pallets, including standard and recycled options, and metal products such as pallets and boxes. The company also provides big bags for agricultural and industrial use, along with other supports like barristocks and racks. With additional locations in Morocco, Belgium, and Spain, Palettes Gestion Services serves a global customer base, engaging in activities such as buying, renting, and relocating pallets.
Clinique Mathilde
Venture Round in 2013
Clinique Mathilde SA is a healthcare provider based in Rouen, France, that specializes in operating a hospital and offering a range of medical services, including surgery. Established in 1962, the organization was originally known as Clinique Saint-Romain before rebranding in 2003. The clinic focuses on delivering comprehensive healthcare solutions to its patients.
BURAY
Private Equity Round in 2012
Ets Buray et fils, founded in 1947 and based in Neufchâtel-en-Bray, France, specializes in the manufacturing of metalwork and metal fittings. The company produces a diverse range of products, including aluminum windows and doors, metal frames, shutters, verandas, pergolas, and insulation materials. Each metal component is meticulously cut, drilled, assembled, and painted in their dedicated metal workshop. Buray's offerings also extend to steel and metal fittings designed for various applications, such as doors, railings, and staircases. The company operates as a subsidiary of MAULER Constructions SAS, reinforcing its commitment to high-quality craftsmanship in the metalwork industry.
Combles D'en France
Acquisition in 2012
Combles D'en France SAS, established in 1981 and located in Brionne, France, specializes in the transformation and development of underutilized attics and roof elevations. The company offers residential design services that focus on converting attics into livable loft spaces. Its comprehensive offerings include redesigning attic layouts, managing slope changes, and providing interior design, framework, and insulation installation. By doing so, Combles D'en France aims to help customers maximize their living space and enhance the functionality of their homes.
CCI PLV Productions
Venture Round in 2012
CCI PLV Productions is a manufacturer based in Louviers, France, specializing in the production and supply of point-of-purchase (POP) displays. Established in 1994, the company offers a diverse range of displays tailored for various sectors, including food, table art, cosmetics, publishing, gardening, eyewear, multimedia, pharmaceuticals, sports, textiles, automotive, and tourism. Their product lineup includes permanent displays, display counters, gondola heads, signage, and merchandising solutions. Additionally, CCI PLV Productions provides innovative 3D projection services, enabling clients to visualize their projects through animation.
Plas Eco
Acquisition in 2011
Plas Eco specializes in the manufacture and distribution of outdoor street furniture made from recycled plastic and industrial waste. With over 20 years of experience, the company provides a diverse range of products, including seats, benches, armchairs, deckchairs, tables, and planters, totaling more than 350 references. Plas Eco's mission focuses on creating high-quality, sustainable products that are easy to maintain, rot-resistant, and UV-stable, ensuring longevity and durability. By serving local communities, public housing offices, motorway companies, and leisure centers, the company supports the development of a circular economy, contributing to a more sustainable future.
Léa et Léo
Venture Round in 2010
Léa et Léo SAS is a company based in Hérouville-Saint-Clair, France, specializing in the operation of a network of nurseries across the country. Established in 2007, the company focuses on the development of children and support for parents by providing tailored childcare solutions. Léa et Léo collaborates with businesses and communities to enhance their human resources and early childhood policies. Their services include the creation and management of inter-company and collective nurseries, as well as the reservation of spaces within these facilities. Additionally, Léa et Léo helps employers find childcare placements for their employees throughout France, leveraging a network of partners to meet diverse needs.
Yvelines Etancheite
Acquisition in 2010
Yvelines Etancheite specializes in the maintenance, troubleshooting, and expertise of sealing works for various types of terraces and roofs. The company provides a comprehensive range of services, including maintenance, renovation, and waterproofing. Their expertise extends to paving stones, gardens, and car parks, with a focus on both insulated and non-insulated surfaces. Yvelines Etancheite is committed to ensuring the integrity and longevity of outdoor spaces through their specialized sealing solutions.
Wisper
Series A in 2009
Wisper SAS specializes in developing software for workstation virtualization, focusing on providing centralized management solutions for small and medium enterprises. Founded in 2006 and based in Rouen, France, the company offers its flagship product, ceBox, which allows users to manage all desktops from a single interface without the need for third-party solutions. Wisper's expertise in desktop management enables businesses and administrations to implement efficient and mature solutions that enhance productivity while minimizing total cost of ownership. The company's technology supports a wide range of applications, including reception management and call center supervision, offering clients a competitive advantage in their operations.
Ma-papeterie
Series A in 2009
Ma-papeterie is an online retailer of stationery products based in France.
PubliAtis
Venture Round in 2009
PubliAtis is a provider of on-demand publishing solutions based in Paris, France, with additional offices in New York. Founded in 2006, the company offers a web-based publishing platform that streamlines the entire process of periodical production. This platform integrates various components, including editorial workflow management, multimedia content distribution, and collaborative features, allowing publishers to develop and publish materials in multiple formats. PubliAtis also provides specialized modules for newsletters and surveys. Its services cater to a diverse range of clients, including media outlets, business communications, agencies, associations, universities, and public sector organizations. In addition to its software, PubliAtis offers consulting, training, publication layout services, and customer support, all aimed at enhancing the profitability and efficiency of its users.
Metalu-Plast
Venture Round in 2008
Metalu-Plast, based in Soliers, France, specializes in the design, manufacture, and marketing of sports equipment and sport fencing for professional use. The company's product lineup includes enclosures, cloakrooms, score tables, mobile stands, ball trolleys, inspection carts, masts, mobile partitions, and various rails for climbing ropes. Metalu-Plast caters to a wide range of sports, providing equipment for football, badminton, basketball, handball, rugby, tennis, mini tennis, volleyball, hockey, and golf. Additionally, the company offers multi-sport pitches made from steel and aluminum, a variety of sports nets, handrails, ball stop posts, and custom-made nets with installation accessories. Metalu-Plast also provides after-sales services and serves a diverse clientele, including merchants, web sellers, fence installers, landscape companies, and public works, both in France and internationally. The company has been operational since 1980.
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