What investment strategy does Capagro focus on?

Capagro focuses on VC, Growth strategies in the private equity space.

How many portfolio companies does Capagro have?

Capagro has 15 active portfolio companies and 5 completed exits and 2 funds tracked on GP Intel.

Where is Capagro headquartered?

Capagro is headquartered in PARIS, France.

What is Capagro's assets under management?

Capagro manages approximately €260M in assets under management.

What sectors does Capagro invest in?

Capagro invests across Industrials, Consumer, Healthcare, Business Services.

What are Capagro's recent exits?

Recent realized exits by Capagro include: Colvin (2025) to Claret Capital; Naio Technologies (2025) to SAS Naio (relaunch entity backed by Region Occitanie ARIS fund, Mirova, Bpifrance); BoMill (2020) to Nasdaq First North Growth Market (BOMILL).

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Capagro

PARIS, France·Founded 2014·

Venture Capital Growth Equity

·capagro.fr

Capagro SAS is a Paris-based independent venture capital firm founded in 2014, dedicated to investing in and accelerating the development of innovative AgTech and FoodTech startups across Europe. It manages funds including Capagro I and II, with over €200 million under management, and leverages a network of industrial and financial partners in the agriculture and food sectors.

AUM

€260M

Funds

vintages 2014–2022

Portfolio

Exits

Capagro is a PARIS venture capital firm with €260M AUM, 15 active companies and 5 exits.

SectorsIndustrials Consumer Healthcare Business Services

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 5 realized deals: 6 years.
·Top sector focus: AgTech (45% of portfolio).

Sector breakdown

20 companies

AgTech

9 · 45%

Consumer

4 · 20%

FoodTech

2 · 10%

Healthcare

1 · 5%

Biotech

1 · 5%

Agriculture

1 · 5%

Industrials

1 · 5%

E-commerce

1 · 5%

Geography breakdown

7 geographies

France

11 · 55%

Spain

2 · 10%

Sweden

2 · 10%

Switzerland

2 · 10%

Norway

1 · 5%

Key facts

HQPARIS, France

Founded2014

Websitecapagro.fr

Recent exits

Capagro exited CleanGreens Solutions in 2025 after 9 years.

Capagro sold Colvin to Claret Capital in 2025 after 4 years.

Capagro sold Naio Technologies to SAS Naio (relaunch entity backed by Region Occitanie ARIS fund, Mirova, Bpifrance) in 2025 after 10 years.

Capagro took BoMill public in 2020 after 5 years.

Coverage notes

2 funds tracked, 20 portfolio companies (15 active · 5 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Capagro Agri-Food Innovation Fund II

VC2022€137M7 assets

2022 · 4yr

€137M

–

Unrealized

7 held

Company	Entry
Agriodor AgTech · France	2024
Cuure Healthcare · France	2022
La Vie FoodTech · France	2022
Nofence AgTech · Norway	2025
Phagos Biotech · France	2025
Plymag Agriculture · Spain	2025
Ubees AgTech · France	2026

Capagro Innovation Fund

VC2014€124M8 assets5 exits

2014 · 12yr

€124M

Unrealized

8 held

Company	Entry
Agriconomie AgTech · France	2016
CelluComp Industrials · UK	2015
ecoRobotix AgTech · Switzerland	2016
eProvenance AgTech · US	2015
Japhy Consumer · France	2020
La Belle Vie Consumer · France	2020
Nicks FoodTech · Sweden	2021
Yooji Consumer · France	2015

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
BoMill AgTech · Sweden	2015	2020	IPO	Nasdaq First North Growth Market (BOMILL)	–
CleanGreens Solutions AgTech · Switzerland	2016	2025	–	–	–
Colvin E-commerce · Spain	2021	2025	Secondary	Claret Capital	–
Naio Technologies AgTech · France	2015	2025	MBO	SAS Naio (relaunch entity backed by Region Occitanie ARIS fund, Mirova, Bpifrance)	–
VitamFero Consumer · France	2015	2018	–	–	–

About Capagro

Capagro SAS is a Paris-based independent venture capital firm dedicated to investing in and accelerating the development of innovative AgTech and FoodTech startups across Europe, with €200 million of assets under management as of December 2024. Founded in 2014, the firm manages multiple vintage funds including Capagro I and II focused on agricultural technology and food innovation themes.

Investment thesis

Capagro targets European AgTech and FoodTech startups at seed and Series A-B stages, with sector focus on agricultural technology (precision agriculture, biologicals, agricultural inputs), FoodTech (alternative proteins, food processing innovation), and selective ClimateTech businesses applied to agricultural and food value chains. Equity ticket sizes typically range from €1 million seed positions through to €10 million Series A-B follow-on investments.

Recent activity

The platform tracks 2 funds, 11 active portfolio companies and 1 realised exit across the AgTech and FoodTech-focused programme. The dedicated agricultural and food sector mandate enables specialised expertise in seed-to-fork value chain innovation distinguishing Capagro from generalist VC peers.

Frequently asked questions

What investment strategy does Capagro focus on?: Capagro focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does Capagro have?: Capagro has 15 active portfolio companies and 5 completed exits and 2 funds tracked on GP Intel.
Where is Capagro headquartered?: Capagro is headquartered in PARIS, France.
What is Capagro's assets under management?: Capagro manages approximately €260M in assets under management.
When was Capagro founded?: Capagro was founded in 2014.
What sectors does Capagro invest in?: Capagro invests across Industrials, Consumer, Healthcare, Business Services.
What are Capagro's recent exits?: Recent realized exits by Capagro include: Colvin (2025) to Claret Capital; Naio Technologies (2025) to SAS Naio (relaunch entity backed by Region Occitanie ARIS fund, Mirova, Bpifrance); BoMill (2020) to Nasdaq First North Growth Market (BOMILL).