Citizen Capital
Citizen Capital is a pioneering French private equity fund founded in 2008, dedicated to impact investing by financing and supporting visionary entrepreneurs who provide ambitious social and environmental solutions. It manages €230 million and invests up to €10 million in companies addressing fundamental needs across life essentials, human empowerment, and regenerative economy.
Key facts
Recent exits
Coverage notes
5 funds tracked, 50 portfolio companies (43 active · 7 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Citizen Capital has raised, with its portfolio companies. Hand-checked from public filings.
Citizen Capital Fund IIIGrowth2022 · 4yr€100M18 active · 1 realized
Unrealized
18 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Beeldi | Energy | France | 2022 |
| Cultive | Agriculture | France | 2025 |
| Didask | Education | France | 2025 |
| Extracthive | Industrials | France | 2022 |
| Hiboo | TMT | France | 2024 |
| Hubcycle | Business Services | France | 2024 |
| Invers | Logistics | France | 2022 |
| Ipso Santé | Healthcare | France | 2022 |
| Kompozite | Industrials | France | 2022 |
| Margin Ventures | Financials | France | 2026 |
| Midiflore | Agriculture | France | 2025 |
| Novo | Real Estate | Germany | 2023 |
| Phagos | Healthcare | France | 2025 |
| Semeia | Healthcare | France | 2026 |
| SustainCert | Business Services | France | 2022 |
| Vesto | Financials | France | 2025 |
| What Matters | Consumer | France | 2022 |
| Zest | Business Services | France | – |
Agri ImpactImpact2021 · 5yr€30M7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Cuisinons nos Paysages | Agriculture | France | 2026 |
| ELAN Terres Agricoles | Agriculture | France | 2022 |
| Ferme du Plessis Grohan | Agriculture | France | 2022 |
| Metha Chenais Bourneuf | Energy | France | 2022 |
| Methavert | Energy | France | 2022 |
| Saron Biogaz | Energy | France | – |
| Vitry Biogaz | Energy | France | 2022 |
Social ImpactImpact2017 · 9yr€10M9 active
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Article 1 | Education | France | 2018 |
| Duo for a Job | Business Services | France | 2020 |
| Fédération Léo Lagrange | Education | France | 2017 |
| Fondation Mozaïk RH | Business Services | France | 2018 |
| Label Vie | Education | France | 2018 |
| Les Eaux Vives Emmaüs | Business Services | France | 2018 |
| Messidor | Business Services | France | 2018 |
| Télémaque | Education | France | 2018 |
| Woork | Business Services | France | 2019 |
Citizen Capital Fund IIGrowth2016 · 10yr€60M8 active · 6 realized
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Cardioparc | Healthcare | France | 2020 |
| Certideal | Consumer | France | 2019 |
| Chance | Education | France | 2021 |
| CleverConnect | TMT | France | 2020 |
| Deuxiemeavis.fr | Healthcare | France | 2019 |
| Karos | Logistics | France | 2019 |
| Make.org | Business Services | France | 2018 |
| OpenClassrooms | Education | France | 2016 |
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| 365Talents | TMT | France | 2019 | 2026 | Trade Sale | – | |
| Beebs | Consumer | France | 2021 | 2024 | Trade Sale | – | |
| Deepki | Real Estate | France | 2017 | 2022 | Secondary | – | |
| Lalilo | Education | France | 2018 | 2021 | Trade Sale | – | |
| R-Pur | Healthcare | France | 2020 | 2023 | Liquidation | – | – |
| Telegrafik | Healthcare | France | 2018 | 2025 | Trade Sale | – |
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About Citizen Capital
Citizen Capital is a pioneering French private equity fund dedicated to impact investing with €230 million of assets under management, founded in 2008 and headquartered in Paris. The firm finances and supports visionary entrepreneurs providing ambitious social and environmental solutions across European markets, with the impact mandate distinguishing Citizen Capital as one of the longer-tenure European impact-aligned PE firms.
Investment thesis
Citizen Capital targets European impact-aligned companies addressing social inclusion, environmental sustainability, healthcare access and education themes. Equity ticket sizes typically range from €3 million to €15 million per transaction across growth equity and selective buyout positions. The impact mandate requires demonstrable social or environmental outcomes alongside commercial financial return discipline, with the platform's multi-vintage track record providing pattern recognition across European impact-aligned sectors.
Recent activity
Recent realised exits include 365Talents (TMT, 2026), Deepki (real estate, 2022) and Keon (energy, 2022), reflecting selective distribution across the impact portfolio. The platform tracks 5 funds, 43 active portfolio companies and 3 realised exits across the multi-vintage impact-aligned programme. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
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