Crédit Agricole Alpes Développement
Credit Agricole Alpes Developpement (C2AD) is the joint capital-investment arm of Credit Agricole des Savoie and Credit Agricole Sud Rhone Alpes, two regional cooperative banks covering the French Alpine arc. Founded in March 2009 (SAS legal entity SIREN 953837176 rebrand June 2023) with offices in Grenoble and Annecy, the firm deploys proprietary balance-sheet capital across two sister vehicles (CADS Capital for the Savoie territory and CASRA Capital for the Isere Drome Ardeche territory) into companies headquartered in Ardeche Drome Isere Savoie and Haute-Savoie. Around EUR 130M total AUM across approximately 150 cumulative cos backed since launch, deploying around EUR 12M per year in Savoie. Ticket size ranges from EUR 400k for seed and creation rounds up to EUR 6M for growth and transmission deals on an evergreen long-term horizon. 11 staff including 1 Managing Director Cyril Gouttenoire and 6 investment officers.
Key facts
Recent exits
Coverage notes
3 funds tracked, 25 portfolio companies (22 active · 3 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Crédit Agricole Alpes Développement has raised, with its portfolio companies. Hand-checked from public filings.
CADS CapitalGrowth2009 · 17yr€80M6 active · 2 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Anderlaine | Business Services | France | 2026 |
| Atawey | Energy | France | 2024 |
| Cafés Folliet | Consumer | France | 2024 |
| Cimehotel | Consumer | France | 2025 |
| Leman Industries | Industrials | France | 2025 |
| Pastacorp | Consumer | France | 2025 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Apex Energies | Energy | France | 2018 | 2022 | Trade Sale | – | |
| Mecalac | Industrials | France | 2014 | 2025 | Trade Sale | – |
CASRA CapitalGrowth2009 · 17yr€50M16 active
Unrealized
16 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ASTRIIS | Deep Tech | France | 2025 |
| EXSTO | Industrials | France | 2024 |
| Eyesee Drone | Industrials | France | 2018 |
| iNGage | TMT | France | 2025 |
| Moïz | Software | France | 2025 |
| Odit-e | Software | France | 2020 |
| PRIMO1D | TMT | France | 2019 |
| Quobly | TMT | France | 2023 |
| RETROFLEET | Industrials | France | 2024 |
| Scintil Photonics | TMT | France | 2019 |
| Sylfen | Energy | France | 2019 |
| TOPTEX CUBE | Consumer | France | 2016 |
| Vulkam | Industrials | France | 2019 |
| WattAlps | Industrials | France | 2024 |
| Wise-Integration | TMT | France | 2024 |
| Wizbii | Software | France | 2011 |
Saved GPs appear in your watchlist, one click from your workspace.
About Crédit Agricole Alpes Développement
Crédit Agricole Alpes Développement is a venture capital platform based in Paris with €54 million of assets under management as of December 2024. The firm targets European and selectively global technology companies across industrials and TMT, with capital deployed across early-stage and Series A/B rounds alongside institutional limited partners.
Investment thesis
The platform deploys venture capital into industrials and TMT categories with a focus on technology-enabled businesses across France and selectively across Europe. Investment focus spans seed and growth stages with capital deployed across multiple rounds per portfolio company, supporting founder teams through international scaling and selective M&A activity. The fund structure enables longer holding periods than typical venture vehicles, supporting category-leadership outcomes in technology platforms with global ambitions.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 3 fund vehicles, 22 active portfolio companies and 0 realised exits across the strategy's history. 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·€40.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€6.0BFrance·€4.3B