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
6 funds tracked, 50 portfolio companies (42 active · 8 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
50 companiesFunds & portfolio
Every fund Citizen Capital has raised, with its portfolio companies. Hand-checked from public filings.
Citizen CIS2023 · 3yr€14M0 active
No portfolio companies tracked yet.
Citizen Capital Fund IIIGrowth2022 · 4yr€100M17 active · 2 realized
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ClimateTech |  France | 2022 | |
| Agriculture | France | 2025 | |
| Education | France | 2025 | |
| Industrials | France | 2019 | |
| TMT | France | 2024 | |
| Business Services | France | 2024 | |
| Logistics | France | 2022 | |
| Healthcare | France | 2022 | |
| Construction | France | 2022 | |
| Financials | France | 2026 | |
| Agriculture | France | 2025 | |
| PropTech |  Germany | 2023 | |
| Biotech | France | 2025 | |
| HealthTech | France | 2026 | |
| Fintech | France | 2025 | |
| Consumer | France | 2022 | |
| HR Tech | France | – |
France· Entry 2022France· Entry 2025France· Entry 2025France· Entry 2019France· Entry 2024France· Entry 2024France· Entry 2022France· Entry 2022France· Entry 2022France· Entry 2026France· Entry 2025Germany· Entry 2023France· Entry 2025France· Entry 2026France· Entry 2025France· Entry 2022FranceRealized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| ClimateTech | France | 2019 | 2022 | Trade Sale | – | ||
| Business Services | France | 2021 | 2026 | Trade Sale | – |
Agri ImpactImpactHarvesting2021 · 5yr€30M7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Agriculture | France | 2026 | |
| Agriculture | France | 2022 | |
| Agriculture | France | 2022 | |
| ClimateTech | France | 2022 | |
| ClimateTech | France | 2022 | |
| ClimateTech | France | – | |
| ClimateTech | France | 2022 |
France· Entry 2026France· Entry 2022France· Entry 2022France· Entry 2022France· Entry 2022FranceFrance· Entry 2022Social ImpactImpactRealized2017 · 9yr€10M9 active
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Education | France | 2018 | |
| Business Services | France | 2020 | |
| Education | France | 2017 | |
| Business Services | France | 2018 | |
| Education | France | 2018 | |
| Business Services | France | 2018 | |
| Business Services | France | 2018 | |
| Education | France | 2018 | |
| HR Tech | France | 2019 |
France· Entry 2018France· Entry 2020France· Entry 2017France· Entry 2018France· Entry 2018France· Entry 2018France· Entry 2018France· Entry 2018France· Entry 2019Citizen Capital Fund IIGrowthRealized2016 · 10yr€60M8 active · 6 realized
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Healthcare | France | 2020 | |
| Consumer | France | 2019 | |
| Education | France | 2021 | |
| TMT | France | 2020 | |
| HealthTech | France | 2018 | |
| Logistics | France | 2019 | |
| Business Services | France | 2018 | |
| Education | France | 2016 |
France· Entry 2020France· Entry 2019France· Entry 2021France· Entry 2020France· Entry 2018France· Entry 2019France· Entry 2018France· Entry 2016Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT | France | 2019 | 2026 | Trade Sale | – | ||
| Consumer | France | 2021 | 2024 | Trade Sale | – | ||
| PropTech | France | 2017 | 2022 | Secondary | – | ||
| Education | France | 2018 | 2021 | Trade Sale | – | ||
| Healthcare | France | 2020 | 2023 | – | – | – | |
| HealthTech | 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.
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France·€200MGet the full picture on Citizen Capital.
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