Evolem is a Lyon, France-based private equity and venture capital firm that makes seed, growth capital, acquisitions and leveraged buyout investments across Europe. It backs small and mid-sized enterprises in sectors such as industrial goods and services, transport, consumer and financial services, agriculture, renewable energy, healthcare, and construction, with a focus on France’s regions including the South-East and Île-de-France. The firm typically pursues both minority and majority stakes and invests through platforms that target revenue ranges from roughly €10 million to €100 million, with equity investments up to about €35 million. Evolem also operates an early-stage vehicle for smaller French startups and emphasizes long-term partnerships, co-investment opportunities, and strategic consolidation.

Alliance Entreprendre is an investment firm based in Paris, France, with a regional office in Lyon. Founded in 1995, it engages in venture capital and private equity investments, including early-stage opportunities, and typically acquires majority or minority stakes through buyouts, management buyouts and buy-ins. The firm was acquired in 2022.

Veymont Participations is a growth equity firm based in Lyon, France, founded in 2011. It takes minority stakes in small and medium-sized businesses and supports creation, takeover and development of projects by leveraging the skills, experience and networks of its associates to help portfolio companies grow.

Demeter Partners is a Paris‑based private equity and venture capital firm focused on the energy transition and environmental sustainability. Founded in 2005, it funds companies from seed through growth and infrastructure across Europe, with activity in select North American opportunities, and typically pursues minority stakes with board representation. The firm targets eco‑industries and climate technologies, including water, air and waste treatment, energy efficiency, renewable energy, green buildings, and related environmental services, as well as software, services, and industrials aligned with sustainable development.

IDI Group is a private equity and venture capital firm founded in 1970 and based in Paris, France. It specializes in direct investments and fund of funds strategies, backing small and mid-sized companies through growth capital, leveraged buyouts, expansion funding, and related equity investments. The firm pursues both majority and significant minority stakes and offers co-investment opportunities, aiming to partner with management teams to enable growth and strategic transformation. As an early player in France's private equity landscape, IDI Group emphasizes flexible investment structures and long-term partnerships to support entrepreneurs' bold plans across stages and sectors. It engages in fund investments alongside external managers, reinforcing value creation through active oversight and strategic financing.

Innovacom is a Paris-based venture capital firm founded in 1988 that concentrates on early-stage technology and digital sector investments. It backs startups across Europe, with some funds extending into North America, targeting software, hardware, telecom, networking, components, and related services and content. Beyond funding, Innovacom provides support and networking to help portfolio companies access strategic industrial partnerships and open-innovation opportunities, aiming to create financial and strategic value for its investments.

Wille Finance is a Swiss-based family office located in Zug. It invests across real estate, listed assets and private markets, with a focus on long-term value creation. In real estate, it pursues a value-add strategy targeting major European cities. In private markets, it conducts both early-stage investments (Life Science and ICT) and late-stage opportunities, and it also engages in direct venture capital. The firm further participates in digital media by supporting companies that blend media, content and technology.

Siparex Group is a Lyon, France based private equity firm founded in 1977 that engages in multi-sector investments across software, commercial products, business services, manufacturing, e-commerce, life sciences, educational technology, robotics and drones, fintech and healthcare services, targeting transactions in France and Western Europe as well as the United States; the firm has grown into an independent, international investor over more than three decades, leveraging its regional roots and diverse sector focus to support growth and operational improvement in portfolio companies.

Crédit Mutuel Innovation is the evergreen venture capital arm of Crédit Mutuel Equity, based in Paris with additional offices in Lyon, Bordeaux, Nantes and Montréal. It invests in seed through growth-stage companies in life sciences, digital and deeptech, including information technology, healthcare and industrial innovations, with a view to international expansion. The firm deploys its own equity and forges durable partnerships with entrepreneurs, supported by Crédit Mutuel’s global enterprise ecosystem. Its portfolio includes more than 350 companies, which collectively generate substantial turnover and create tens of thousands of jobs, underscoring the platform’s scale. Typical deal sizes range from approximately €0.5 million to €20 million, and the firm often takes board seats to help guide growth. Crédit Mutuel Innovation operates within the Crédit Mutuel Alliance Fédérale and CM-CIC Investissement group, aligning with the broader Crédit Mutuel network.

Based in Paris, A Plus Finance is an independent investment firm specializing in venture capital and the management of funds dedicated to innovation. It focuses on information technology, environment and e-business in France, and also pursues opportunities in real estate and private equity. The team combines financiers and entrepreneurs, providing practical management insight and a long-term development perspective for portfolio companies. The firm manages about €220 million in assets and typically invests between €1 million and €4 million per project, reflecting a goal of supporting growth-stage and promising early-stage ventures in the French market.

SIDE Capital is a venture capital firm based in Paris, France, that backs early-stage technology startups in France. It typically serves as the sole investor in seed rounds, investing 300,000 to 600,000 euros, and aims to offer fair, equitable terms through a fast, agile process for founders.

Elaia is an independent venture capital firm based in Paris that backs early-stage technology companies in Europe, focusing on the digital economy and deep tech. Founded in 2002 by Philippe Gire and Xavier Lazarus, it combines extensive venture capital and digital industry experience to provide close, proactive support to its entrepreneurs. With more than €700 million under management, Elaia pursues software, B2B, cybersecurity, fintech, life sciences, cloud technologies, and related tech sectors, helping startups navigate from initial rounds to scalable global leaders.

Sonae IM is the corporate venturing arm of the Sonae Group, specializing in investments in technology-driven companies aligned with Sonae's core business sectors. Operating with a flexible investment strategy, Sonae IM combines its technological expertise and brand capital with a global network to support its portfolio companies. The organization's history of corporate venturing dates back to initiatives such as the establishment of revenue assurance leader WeDo in 2001 and the successful spin-off of Mainroad in 2003. Sonae IM has also made strategic investments in the cybersecurity sector, notably in the Spanish company s21sec, and in location analytics through its investment in Movvo. Since its formal launch in 2015, Sonae IM has invested in companies like InovRetail, StyleSage, and Sysvalue, further enhancing its portfolio. The firm has also engaged in the acquisition of stakes in funds managed by ES Ventures and launched Bright Pixel, a company builder studio. Sonae IM operates from Porto, Portugal, and reflects Sonae's long-standing commitment to corporate venturing.

Unigrains is a Paris-based private equity firm founded in 1963 that concentrates on the agribusiness sector, including agri-food and agro-industry. It invests globally through direct minority investments and through specialized funds, with a focus on agri-food and ag-tech companies, and also provides specialized financing to France's agribusiness sector.

Crédit Mutuel Equity is a private equity and venture capital firm based in Paris, France, focused on supporting startups and companies at various stages of their development, including seed, growth, and international expansion. The firm invests primarily in sectors such as information technology, telecommunications, healthcare, industrial innovations, and clean technology. It typically invests between €0.5 million and €3 million, with balance sheet investments ranging from $1 million to $10 million. Crédit Mutuel Equity operates through a network of regional offices in France and Canada, emphasizing the importance of local expertise. As part of the Crédit Mutuel-CIC group, it leverages over 30 years of experience in equity financing to foster the growth of promising companies in key economic regions.

123 Investment Managers is an independent investment firm based in Paris with offices in Lyon, specializing in private asset investments across venture capital, private equity, and fund of funds. It pursues direct investments in a broad range of stages from seed to mature growth and co-investment opportunities, primarily in technology, industry, renewable energy, and consumer sectors, and also in health-related and eldercare services, hotels, clinics, and other accommodation ventures. The firm focuses on Europe, with emphasis on France, Switzerland, the United States, and Canada, and targets portfolio company enterprise values roughly €5 million to €400 million, investing typically from about €0.8 million to €8 million per deal. It also offers multi-theme private asset strategies across tourism, healthcare, infrastructure, and real estate to help private and institutional clients access unlisted French companies and long-term value creation.

NewAlpha Asset Management is a Paris-based asset management company specializing in fintech-focused venture capital and alternative investments. It operates as an independent investor in financial industry participants and has offered venture capital funds since 2015, including the first French VC fund dedicated to fintech. The firm concentrates on early-stage European fintech companies, typically seed and Series A rounds, and pursues an ESG-minded approach. It manages several billion euros through absolute return funds and venture capital strategies and serves more than forty institutional clients, including public and private pension funds, insurers, asset managers, and banks. Its portfolio features minority stakes in notable fintech startups, reflecting its emphasis on technology and business model innovation. NewAlpha Asset Management operates as a subsidiary of La Française Asset Management, signaling integration within a broader financial group.

Newfund is a venture capital firm headquartered in Paris, France, with activity across Europe and North America. It focuses on early-stage investing, including pre-seed and seed rounds, backing technology-driven startups and companies aiming to drive global change. The firm pursues opportunities in the United States, Canada and European markets, and its interests include information technology, life sciences such as precision medicine and brain tech, as well as other technology-enabled businesses. By supporting founders from inception through growth, Newfund seeks to help innovative companies scale and reach international markets.

Educapital is a Paris-based venture capital firm that invests in early-stage edtech companies across Europe, Israel and the United States. It focuses on education technology and related learning sectors, including talent management, recruitment, content and platforms, tools and hardware for learning, and innovative schools. The firm targets seed to growth investments and seeks to back companies with the potential to become European and global leaders, leveraging a large edtech community to support portfolio companies.

Smalt Capital is a private equity and venture capital firm that concentrates on small and mid-sized companies across a broad range of sectors, including manufacturing, software, energy, environment, healthcare, consumer goods, and the wine industry. It pursues capital-succession deals, growth capital, recapitalizations, and buyouts, investing through structures such as LBO, LBI, OBO, MBO, and MBI. The firm targets unlisted companies and typically takes minority stakes of up to 35% or majority stakes, often joining the boards of portfolio companies. It operates primarily in France and select international markets, with an investment pace of roughly €0.05 to €8 million per transaction for enterprises valued between €3 and €30 million and revenues between €1.5 and €50 million. It also engages in co-investments and supports development of products, processes, or services, including renewable energy and green economy themes. Smalt Capital was founded in 2000 and is headquartered in Marseille, with additional offices in Ajaccio, Nouméa, Paris, Saint-Denis, Tunis, and other locations.

Korea Investment Partners is a Seoul-based venture capital and private equity firm with decades of experience in funding bold, innovative entrepreneurs. It operates globally with offices in Shanghai, Beijing, and Sunnyvale and manages multiple funds totaling several billions of dollars in assets under management. As the venture capital and private equity arm of Korea Investment Holdings, KIP backs a broad range of sectors including information technology, healthcare, life sciences, manufacturing, mobility and gaming, as it seeks to help companies scale and commercialize new technologies. The firm emphasizes long-term value creation and has built a diversified portfolio across Asia and beyond.

Société Régionale d'Investissement de Wallonie was the regional private equity and venture capital firm for Wallonia, Belgium. Founded in 1979 and based in Liège, it focused on providing equity and related financing to startups, growth-stage companies, and mature ventures with an emphasis on promoting economic development in the Wallonia region. The firm invested at least €1 million in portfolio companies and employed a mix of direct investments and fund-of-funds, including loans and convertible instruments, with or without warrants, secured against real assets. It sought to take both majority and minority stakes and aimed to hold board seats, often co-investing with other investors. The investment scope covered a broad range of sectors and supported initiatives within and outside Belgium that advance the regional economy. On October 29, 2022, it merged with SOWALFIN and SOGEPA to form Wallonie Entreprendr.

Sambrinvest is a private equity and venture capital firm based in Gosselies, Belgium, serving the Charleroi Sud-Hainaut and Thuin districts. It targets small and medium-sized companies across diverse sectors, including digital, biotechnology, agri-food, manufacturing, and services, and pursues direct minority investments as well as related financing structures. Founded in 1985, the firm typically invests up to about €1.25 million in firms with annual turnover under €50 million and supports startups, spin-outs, growth capital, and turnaround opportunities through instruments such as minority equity, subordinated loans, or other capital solutions.

360 Capital is a venture capital firm based in Paris and Milan that backs early-stage startups across Europe in deeptech, climate technology and digital sectors. With a 20-year track record, it supports entrepreneurs in developing ambitious, disruptive companies. The firm manages about €400 million in assets and maintains an active portfolio of more than 50 companies.

Balderton Capital is a London-based venture capital firm that focuses on early-stage investments in European technology companies, including information technology, fintech, consumer products, healthcare tech, and related sectors. It supports founders throughout the journey, offering strategic advice, introductions to professional service providers, and opportunities to participate in workshops and a founder community. Balderton primarily targets Series A opportunities and backs companies from seed through growth phases, aiming to help them scale in Europe with a strong network and hands-on support.

Angelor is a France-based company that provides professional and confidential services to private investors or business angels, including sourcing investment opportunities, negotiating deals, supplying appropriate legal tools, monitoring investments, and identifying exit opportunities. It serves new and experienced angel investors, individuals investing directly with entrepreneurs, or groups such as family offices, and invites entrepreneurs to submit executive summaries. The firm also operates as a venture capital investor focused on seed and early-stage opportunities and growth capital in France, particularly Lyon and Paris region, with typical investments ranging from €0.05 million to €2 million. It targets sectors such as healthcare, medical devices, agrifood, environmental technologies, cleantech, energy, robotics, technology, and other innovative areas, and offers advisory services on investment strategies and risk diversification.

Angelsquare is an investment bank headquartered in Paris, founded in 2016. It supports startups across Pre-Seed to Series B fundraising and offers advisory services throughout fundraising operations, helping entrepreneurs persuade investors such as business angels, family offices, and investment funds. The firm provides services including accelerator/incubator support, angel and early-stage venture capital, equity crowdfunding, grants, later-stage VC, and seed rounds. It serves information technology, healthcare, financial services, and sectors such as artificial intelligence, fintech, life sciences, and climate tech.

Privilège Ventures is a Swiss-based venture capital firm focused on seed and early-stage investments in Switzerland and Europe. Headquartered in Lugano with offices in Zurich and Boston, it pursues opportunities across HealthTech, AgrifoodTech, CleanTech, industrial-tech, med-tech, wearables, and ICT. Authorized by the Swiss Financial Market Supervisory Authority as a venture capital asset manager, the firm provides capital and value-added support to startups led by ambitious founders. It operates within the Privilège group.

Inventure is a Helsinki-based venture capital firm focused on early-stage technology, software and digital services companies in the Nordics and Baltics. Founded in 2005, it funds seed and Series A rounds, with typical investments ranging from €100,000 up to €10 million over a company’s life cycle, and supports portfolio companies with talent and expansion. The firm operates several funds, including Fund I (2008 vintage), Fund II (2014) and Fund III (2017), all targeting software and tech-driven startups in the Nordic and Baltic regions. Inventure reports €230 million in assets under management and maintains offices in Helsinki and Stockholm to cover its regional focus.

Itochu is a leading Japanese general trading company established in 1858 by Chubei Itoh. As a sogo shosha, it conducts domestic and international trading across sectors including textiles, machinery, chemicals, metals, energy, food, and general merchandise, and engages in related services such as insurance, finance, construction, real estate, and warehousing. The group maintains a broad global footprint with offices in more than 80 countries and operates across investment and business ventures to support its trading activities. Through its information technology and other business units, Itochu also sponsors strategic ventures and partnerships, leveraging its extensive network to create value across industries. The company emphasizes diversified operations, long-term relationships with suppliers and customers, and growth across traditional trade, consumer products, and energy-related sectors.

Amadeus IT Group is a global transaction processor for the travel and tourism industry, connecting airlines, hotels, rail, car rental and other providers with travel agencies through a distributed processing platform. It operates a portfolio of IT solutions that automate mission-critical processes such as reservations, inventory management and operations for providers, alongside a distribution network that enables real-time search, pricing, booking and ticketing for travel buyers. The company conducts its business through two segments, Distribution and IT Solutions, serving airlines, airports, hotels, tour operators, ground handlers and travel sellers worldwide. Founded in 1987 by major European carriers and headquartered in Madrid, Spain, it has developed into a leading player in the global distribution system space, with the GDS segment making up about 48% of revenue in 2024 and the IT Solutions segment about 52%, reflecting a balanced mix of software and transaction processing.

PhiTrust Partenaires is a Paris-based impact investment firm providing private equity, venture capital and venture debt to for-profit companies with positive social and environmental impact. It targets early to growth-stage opportunities across sectors including agriculture, energy, finance, healthcare, technology and services, seeking both majority and minority stakes and occasional board representation. The firm invests globally with a focus on Europe, West Africa, North America, Asia and South America, typically committing €0.3–0.6 million in companies valued €0.5–€20 million, offering equity or debt at below-market rates. It also funds not-for-profit initiatives through endowment activities. Founded in 2005, PhiTrust Partenaires operates within the PhiTrust group and emphasizes socially conscious investing that combines social impact with financial performance.

Inven Capital is a Prague-based venture capital firm that invests in climate tech and sustainable startups across Europe and Israel. It targets late-stage growth opportunities in areas such as clean energy, energy efficiency, distributed generation, storage, flexibility, IoT, green transportation, smart home and software models that decarbonize households and agriculture. The firm supports portfolio companies with strategic guidance and active involvement, including piloting on customer and asset bases and access to an energy trading desk. Founded in 2014, Inven Capital seeks long-term value through close collaboration with founders to scale innovations in the energy transition. It is backed by ČEZ, a major European energy utility, and the European Investment Bank, with substantial capital at its disposal.

Aster Capital is a Paris-based venture capital firm founded in 2000, with offices in Paris, London, San Francisco, Tel Aviv and Nairobi. It backs early- to growth-stage companies in mobility, energy, and industrials, with a focus on digital and deep-technology across Europe, North America, and Africa. The firm pursues direct investments as well as fund-of-funds strategies and seeks to acquire minority or majority stakes with board representation in portfolio companies. Its focus areas include renewable energy, clean transportation, energy efficiency, smart manufacturing, IoT, nanotechnology and other enabling technologies that support sustainable resource management and infrastructure. Aster Capital collaborates with portfolio companies to accelerate growth, drawing on a broad ecosystem of experts and strategic partners to help expand markets and scale operations.

RAISE is a Paris-based investment group comprising a growth capital investment company and a non-profit endowment. It operates Raise Ventures as its venture capital arm, investing in Series A and B and other early to late-stage startups across Europe, with a focus on technology-enabled firms in France, and avoids biotech and medtech. The group manages funds such as Raise Venture Fund, a 2018 vintage vehicle targeting commercial services, mobile and TMT. RAISE Impact supports ambitious projects as a minority shareholder, focusing on strategic development and the measurement of impact across the investment period to advance systemic changes for people and the planet.

HLD Group is a private equity investment group based in Luxembourg City, Luxembourg, founded in 2010, with offices in Milan, Zurich and Paris. It focuses on mid-market companies across Europe, particularly in healthcare, services, aeronautics, cosmetics, business services, industry and consumer sectors. The group invests primarily on its balance sheet and pursues equity investments typically ranging from €15 million to €600 million, with enterprise values from €40 million to €1,000 million and EBITDA from €4 million to €100 million. It targets long-term holds and exits investments over 10 to 15 years.

Investisseurs & Partenaires is an impact investment firm focused on African small and medium enterprises. Founded in 2002, it provides capital, technical and strategic support to portfolio companies to foster growth, job creation, and local value, while pursuing social, environmental and governance impact. The organization supports a network of pan-African funds and sponsors several Africa-facing impact funds, including initiatives in electricity access, with a team of about 30–40 professionals based in Europe and Africa. The firm emphasizes long-term partnerships and hands-on assistance to help entrepreneurs strengthen strategy, governance and operations across sectors such as health, transport and microfinance.

IRDI Gestion is a regional investment capital firm with a focus on fostering economic growth and job creation in the Southwest of France. With over 35 years of experience, they manage €150 million and offer financial support to SMEs in various stages of development, ranging from creation to transmission. Through a partnership approach, IRDI Gestion works closely with companies to provide equity ranging from €100,000 to €5,000,000. The group comprises three SCR entities: IRDI, MPcroissance, and IRDInov, each dedicated to supporting industrial growth, small businesses, and innovative startups, respectively. Approved by the AMF in 2015, IRDI Gestion is committed to structuring the group and driving new development projects to support the regional economy.

Global Founders Capital is a Berlin, Germany-based venture capital firm with a global focus that invests across seed, early, and later-stage companies. It maintains a stage-agnostic approach, seeking innovative ideas with potential impact and feasibility in global markets.