Copains

Who owns Copains?

Copains is currently owned by Odyssée Venture through Odyssee Venture Funds (1999 vintage), since 2024.

Hand-verified · updated 2026-05-21

About Copains

Copains is a Paris-based food company operating a chain of alternative bakeries and coffee shops built around naturally gluten-free breads, viennoiseries, pastries and savory items baked fresh daily without wheat flour. The concept pairs a luxury-retail sensibility with an eco-responsible model, sourcing organic and local ingredients, using plastic-free recyclable packaging, and donating unsold production to charity in a zero-waste approach. Alongside its boutiques it runs an e-commerce channel with delivery reaching Paris, Lyon, Bordeaux, Brussels and London, and has extended the format into coffee shops offering brunch and catering. By 2025 the network had grown to 26 locations, positioning Copains in the premium better-for-you bakery segment.

Ownership journey

Copains was founded in Paris in 2021 by Giovanni Amico and Baptiste Borne, a complementary duo drawn from the luxury and retail sector who had worked together before launching the brand, opening a first shop on Rue Tiquetonne. The company scaled quickly, adding four stores in 2023 and six more in 2024 as the gluten-free concept gained traction across the capital. In 2024 Copains raised growth capital from Odyssee Venture, the Paris-based venture and private equity firm, which invested through its Odyssee Venture funds as a minority backer. Odyssee Venture remains an active investor and Copains is still listed as a current portfolio company; no exit or secondary transaction has been recorded.

Under PE ownership

The 2024 financing supported an accelerated rollout, with Copains broadening from a Paris footprint into new markets and extending the format from pure bakery into coffee shops with brunch and catering services. Since the investment the company has expanded internationally, reaching Lyon, Brussels and London, and grew its network to 26 locations by 2025 after roughly three years of operation. It also deepened its brand positioning through collaborations with names such as The Kooples and Alpro, reinforcing the premium, sustainability-led identity. Operating growth has centered on new-site openings and channel expansion rather than a change of control, with the founders remaining at the helm.