Aster
Aster is a venture capital firm founded in 2000 and based in Paris, France, specializing in deep tech, industry, and climate sectors. It manages over €500 million in assets and supports startups from seed to Series B stages, focusing on energy, logistics, mobility, manufacturing, construction, chemicals, and agriculture.
Key facts
Recent exits
Coverage notes
4 funds tracked, 73 portfolio companies (41 active · 32 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Aster has raised, with its portfolio companies. Hand-checked from public filings.
Aster IIIVC2023 · 3yr€200M5 active
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Advanced Ionics | Energy | US | 2023 |
| Elroy Air | Industrials | US | 2023 |
| Hadean | Software | UK | 2024 |
| Neural Concept | Software | Switzerland | 2023 |
| Sunfire | Energy | Germany | 2023 |
Aster AfricaVC2019 · 7yr€50M11 active · 2 realized
Unrealized
11 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| candi solar | Energy | South Africa | 2020 |
| InspiraFarms | Industrials | Kenya | 2020 |
| ManoCap Energy | Energy | Sierra Leone | 2020 |
| Mawingu Networks | TMT | Kenya | 2020 |
| Nuru | Energy | DR Congo | 2020 |
| Palgo | Software | Nigeria | 2021 |
| PEG Africa | Energy | Ghana | 2019 |
| Solarise Africa | Energy | Kenya | 2020 |
| SunCulture | Energy | Kenya | 2020 |
| ZOLA Electric | Energy | Tanzania | 2019 |
| Zonful Energy | Energy | Zimbabwe | 2020 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| d.light | Energy | Kenya | 2019 | 2023 | – | – | – |
| Greenlight Planet | Energy | Kenya | 2019 | 2023 | – | – | – |
Aster IIVC2017 · 9yr€150M22 active · 13 realized
Unrealized
22 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 2trde | Software | France | 2021 |
| Atlantium | Industrials | Israel | 2018 |
| Banyan Nation | Industrials | India | 2019 |
| Booster | Energy | US | 2019 |
| Circulor | Software | UK | 2020 |
| DCbrain | Software | France | 2019 |
| Easybike Group | Industrials | France | 2018 |
| Eatron Technologies | Software | UK | 2021 |
| EyeLights | TMT | France | 2020 |
| Heetch | TMT | France | 2019 |
| Huwise | Software | France | 2021 |
| Iceotope | Industrials | UK | 2020 |
| Karos | TMT | France | 2019 |
| LevelTen Energy | Energy | US | 2026 |
| Lula Loop | TMT | France | 2021 |
| Ontruck | TMT | Spain | 2018 |
| Otoqi | TMT | France | 2020 |
| Promethean Power Systems | Energy | India | 2018 |
| tado | TMT | Germany | 2018 |
| Teem Photonics | TMT | France | 2018 |
| Terakalis | Energy | France | 2018 |
| Warehousing1 | Software | Germany | 2021 |
Realized
13 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Advae | Software | France | 2018 | 2025 | Trade Sale | – | |
| Betterway | TMT | France | 2020 | 2023 | Secondary | – | |
| Casanova | Consumer | France | 2019 | 2022 | Trade Sale | – | |
| Cosmo Tech | Software | France | 2018 | 2023 | Secondary | – | |
| Eficia | Software | France | 2018 | 2023 | Trade Sale | – | |
| ekWateur | Energy | France | 2019 | 2023 | Secondary | – | |
| ENTOUCH | Software | US | 2018 | 2022 | – | – | – |
| Gridbeyond | Energy | UK | 2019 | 2024 | Secondary | – | |
| Ionic Materials | Industrials | US | 2018 | 2022 | Write-off | – | – |
| Onto | TMT | UK | 2020 | 2023 | Write-off | – | |
| PacketAI | Software | France | 2020 | 2022 | – | – | – |
| Solidia Technologies | Industrials | US | 2017 | 2022 | Secondary | – | |
| Swiftly | TMT | US | 2019 | 2025 | Secondary | – |
Aster Capital IVC2010 · 16yr€100M3 active · 17 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Element Analytics | Deep Tech | United States | 2015 |
| SolarX | Energy | France | – |
| ZIZ Energie | Energy | Morocco | 2015 |
Realized
17 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Agilence | Software | US | 2013 | 2021 | Secondary | – | |
| Avantium | Industrials | Netherlands | 2012 | 2017 | IPO | – | |
| BuildingIQ | Software | Australia | 2013 | 2015 | IPO | – | |
| Claroty | Software | Israel | 2016 | 2021 | Secondary | – | |
| connectBlue | TMT | Sweden | 2012 | 2014 | Trade Sale | – | |
| CPower | Energy | US | 2012 | 2016 | Trade Sale | – | |
| Digital Lumens | Energy | US | 2012 | 2017 | Trade Sale | – | |
| Getaround | TMT | US | 2014 | 2022 | IPO | – | |
| Habiteo | Software | France | 2016 | 2021 | – | – | – |
| Jet Metal | Industrials | France | 2013 | 2021 | Secondary | – | – |
| KGS Buildings | Software | France | 2014 | 2019 | – | – | – |
| Lucibel | Industrials | France | 2012 | 2014 | IPO | – | |
| Netasq | Software | France | 2010 | 2012 | Trade Sale | – | |
| Open Wide | Software | France | 2012 | 2016 | Trade Sale | – | |
| Ordinal Software | Software | France | 2012 | 2022 | Trade Sale | – | |
| Solairedirect | Energy | France | 2011 | 2015 | Trade Sale | – | |
| Tronics | Industrials | France | 2011 | 2016 | Trade Sale | – |
Saved GPs appear in your watchlist, one click from your workspace.
About Aster
Aster is a French venture capital firm with over €500 million of assets under management as of December 2024, founded in 2000 and headquartered in Paris. The firm specialises in deep tech, industry and climate sectors, supporting startups from seed to Series B stages with sector focus on energy, logistics and selective deep tech themes that align with European industrial and climate transition objectives.
Investment thesis
Aster targets European deep tech, industrial technology and climate technology companies at seed and Series A-B stages, with selective follow-on commitments through Series C. Sector focus spans Energy, Industrials, Software and selective climate transition verticals, with equity ticket sizes typically ranging from €1 million seed positions through to €15 million Series B follow-on investments. The deep tech and climate mandate distinguishes Aster from generalist VC peers.
Recent activity
Recent realised exits include Swiftly (TMT, 2025), Gridbeyond (energy, 2024), Advae (software, 2023) and Betterway (TMT, 2023), reflecting active distribution across the deep tech and climate franchises. The platform tracks 4 funds, 40 active portfolio companies and 33 realised exits across the multi-decade European VC track record. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0B