What investment strategy does ANGELOR focus on?

ANGELOR focuses on VC strategies in the private equity space.

How many portfolio companies does ANGELOR have?

ANGELOR has 17 active portfolio companies and 9 completed exits and 2 funds tracked on GP Intel.

Where is ANGELOR headquartered?

ANGELOR is headquartered in Lyon, France.

What is ANGELOR's assets under management?

ANGELOR manages approximately €45M in assets under management.

What sectors does ANGELOR invest in?

ANGELOR invests across Healthcare, Software, Consumer, Business Services.

What are ANGELOR's recent exits?

Recent realized exits by ANGELOR include: Gleamer (2026) to RadNet Inc. (NASDAQ: RDNT); Club Employes (2025) to Verto; ABC Transfer (2025) to SKAN; Civitime (2025) to Komeet; Inpulse (2025) to Mapal; Top Order (2025) to myPOS; Waga Energy (2025) to EQT Infrastructure; Mablink Bioscience (2023) to Eli Lilly.

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ANGELOR

Lyon, France·Founded 2007·

Venture Capital

·angelor.fr

Angelor is a venture capital firm founded in 2008 and based in Lyon, France, focused on identifying and supporting high-potential startups and businesses through financial backing and strategic guidance. The firm has invested over 11 million euros in 52 companies and specializes in early-stage investments, primarily seed and Series A rounds.

AUM

€45M

Funds

vintages 2014–2023

Portfolio

Exits

ANGELOR is a Lyon venture capital firm with €45M AUM, 17 active companies and 9 exits.

SectorsHealthcare Software Consumer Business Services

Key takeaways

·9 exits in the last 5 years · consistent DPI cadence.
·Average hold across 9 realized deals: 5 years.
·Top sector focus: Biotech (27% of portfolio).

Sector breakdown

26 companies

Biotech

7 · 27%

SaaS

5 · 19%

MedTech

4 · 15%

FoodTech

3 · 12%

Industrials

2 · 8%

Consumer

1 · 4%

HealthTech

1 · 4%

ClimateTech

1 · 4%

Key facts

HQLyon, France

Founded2007

Websiteangelor.fr

Recent exits

ANGELOR sold Gleamer to RadNet Inc. (NASDAQ: RDNT) in 2026 after 6 years.

ANGELOR sold Club Employes to Verto in 2025 after 1 year.

ANGELOR sold ABC Transfer to SKAN in 2025 after 7 years.

ANGELOR sold Civitime to Komeet in 2025 after 3 years.

Coverage notes

2 funds tracked, 26 portfolio companies (17 active · 9 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund ANGELOR has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Angelor For Good

VC2023€15M5 assets1 exits

2023 · 3yr

€15M

Unrealized

5 held

Company	Entry
Bobine Industrials · France	2026
DOOD SaaS · France	2019
Japet MedTech · France	2017
Pili France	–
Veritable FoodTech · France	2017

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Club Employes SaaS · France	2024	2025	Secondary	Verto	–

Angelor

VC2014€30M12 assets8 exits

2014 · 12yr

€30M

Unrealized

12 held

Company	Entry
Agri Lab Leverage FoodTech · France	2020
Axoltis Pharma Biotech · France	2024
B2ebike Consumer · France	2020
Brenus Pharma Biotech · France	2024
CellQuest MedTech · France	2023
Deltalys Industrials · France	2018
Dillico Biotech · France	2024
Hawk Cell Biotech · France	2024
NextProtein FoodTech · France	2016
Pixee Medical MedTech · France	2024
Standing Ovation Biotech · France	2024
Wise Integration Deep Tech · France	2024

Realized

8 exits

Company	Entry	Exit	Type	Buyer	MOIC
ABC Transfer MedTech · France	2018	2025	Trade Sale	SKAN	–
Civitime SaaS · France	2022	2025	Trade Sale	Komeet	–
Gleamer HealthTech · France	2020	2026	Trade Sale	RadNet Inc. (NASDAQ: RDNT)	–
Inpulse SaaS · France	2020	2025	Trade Sale	Mapal	–
Mablink Bioscience Biotech · France	2019	2023	Trade Sale	Eli Lilly	–
Top Order SaaS · France	2019	2025	Trade Sale	myPOS	–
Transcure Biotech · France	2014	2022	Secondary	Cathay Capital	–
Waga Energy ClimateTech · France	2016	2025	Trade Sale	EQT Infrastructure	–

About ANGELOR

Angelor is a venture capital firm with €45 million of assets under management, founded in 2008 and based in Lyon. The firm focuses on identifying and supporting high-potential startups and businesses through financial backing and strategic guidance, with multiple vintage funds across French regional technology ecosystems.

Investment thesis

Angelor targets French and European technology startups at seed and Series A stages, with sector focus on HealthTech, Software, Industrials and selective consumer technology verticals. Equity ticket sizes typically range from €100 thousand seed positions through to €1 million Series A commitments, with the Lyon regional heritage enabling deep eastern French startup ecosystem relationships.

Recent activity

Recent realised exits include Gleamer (healthcare, 2026), ABC Transfer (healthcare, 2025) and Inpulse (software, 2025), reflecting active distribution across the technology venture portfolio. The platform tracks 2 funds, 17 active portfolio companies and 6 realised exits across the multi-vintage Lyon-based VC programme.

Frequently asked questions

What investment strategy does ANGELOR focus on?: ANGELOR focuses on VC strategies in the private equity space.
How many portfolio companies does ANGELOR have?: ANGELOR has 17 active portfolio companies and 9 completed exits and 2 funds tracked on GP Intel.
Where is ANGELOR headquartered?: ANGELOR is headquartered in Lyon, France.
What is ANGELOR's assets under management?: ANGELOR manages approximately €45M in assets under management.
When was ANGELOR founded?: ANGELOR was founded in 2007.
What sectors does ANGELOR invest in?: ANGELOR invests across Healthcare, Software, Consumer, Business Services.
What are ANGELOR's recent exits?: Recent realized exits by ANGELOR include: Gleamer (2026) to RadNet Inc. (NASDAQ: RDNT); Club Employes (2025) to Verto; ABC Transfer (2025) to SKAN; Civitime (2025) to Komeet; Inpulse (2025) to Mapal; Top Order (2025) to myPOS; Waga Energy (2025) to EQT Infrastructure; Mablink Bioscience (2023) to Eli Lilly.