Edenred Capital Partners
Edenred Capital Partners, operating as Edenred Ventures, is the corporate venture capital arm of Edenred SA (Paris, EPA:EDEN), the global employee benefits and payment solutions group. Founded in 2012 by Philippe Dufour and Norbert Furnion and headquartered in London, the fund invests up to EUR 10 million per company from seed to Series C in startups aligned with Future of Work, Corporate Payments, Professional Mobility, and Retail Tech themes. Managing EUR 175 million across three independent VC funds, the firm has backed over 24 companies across Europe, Israel, and the Americas.
Key facts
Recent exits
Coverage notes
3 funds tracked, 23 portfolio companies (13 active · 10 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Edenred Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.
Edenred Capital Partners Fund IIIVC2021 · 5yr€85M7 active · 1 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 5mins | EdTech | United Kingdom | 2022 |
| Benefiz | HR Tech | France | 2022 |
| Candex | Software | United States | 2025 |
| Freto | Business Services | Brazil | 2024 |
| Likeo | HR Tech | France | 2022 |
| Objow | HR Tech | France | 2024 |
| Volteras | Business Services | United Kingdom | 2025 |
Edenred Capital Partners Fund IIVC2017 · 9yr€60M4 active · 4 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BuyBox | Financials | France | 2020 |
| Fretlink | Business Services | France | 2019 |
| Fuse Universal | EdTech | United Kingdom | 2019 |
| Lucky Cart | Software | France | 2018 |
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Andjaro | HR Tech | France | 2018 | 2023 | Trade Sale | – | |
| Avrios | Software | Switzerland | 2019 | 2023 | Trade Sale | – | |
| Beekeeper | Software | Switzerland | 2018 | 2025 | Trade Sale | – | |
| Stoke (Stoke Talent) | HR Tech | Israel | – | 2021 | Trade Sale | – |
Edenred Capital Partners Fund IVC2012 · 14yr€30M2 active · 5 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AddWorking | Business Services | France | 2017 |
| Beamery | HR Tech | United Kingdom | 2016 |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Finsquare | Financials | France | 2015 | 2016 | Trade Sale | – | |
| La Compagnie des Cartes Carburant | Financials | France | 2014 | 2021 | Trade Sale | – | |
| LaunchPad | HR Tech | United Kingdom | 2014 | 2020 | Trade Sale | – | |
| ProwebCE | HR Tech | France | 2012 | 2015 | Trade Sale | – | |
| Zenchef | Software | France | 2015 | 2022 | Secondary | – |
Saved GPs appear in your watchlist, one click from your workspace.
About Edenred Capital Partners
Edenred Capital Partners, also branded Edenred Ventures, is the corporate venture capital arm of Edenred, the global payment-solutions group. The firm is UK-domiciled, registered as Edenred Capital Partners Ltd and headquartered in London, and was founded in 2012. It operates as a corporate venture capital vehicle structured with independent venture-capital governance, and reports approximately €175 million in assets under management across its fund range as of December 2024. The vehicle was established after Edenred acquired Prepay Technologies, the company founded by the firm's founder. It functions as a strategic investor that pairs capital with access to the Edenred global commercial ecosystem rather than as an independent institutional manager, with the corporate sponsor serving as the principal source of capital.
Investment thesis
Edenred Capital Partners is a B2B venture investor backing early- to growth-stage software companies in four verticals aligned with Edenred's businesses: fintech and corporate payments covering embedded finance and card-based solutions, the future of work covering corporate benefits and employee engagement, professional mobility and fleet services, and retail technology. The firm invests from Series A through Series C, typically writing tickets of around €0.5 to €10 million and co-investing alongside other venture funds rather than leading. The limited partner base is effectively Edenred itself as the corporate sponsor. The core value-creation lever is strategic: portfolio companies gain business-development opportunities, commercial partnerships and distribution through the Edenred worldwide network, plus strategic input from the corporate alongside founders.
Recent activity
Recent investments include Beamery in HR and future-of-work software, Candex in corporate payments and fintech, Zenchef in retail and hospitality technology, and Andjaro in workforce and future-of-work software. Recent exits include Beekeeper in future-of-work software (2025), alongside earlier realisations including ProwebCE in employee-benefits software and a fleet and mobility payments business. The platform continues to deploy across fintech, future of work, professional mobility and retail technology aligned with the Edenred corporate ecosystem. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Similar firms
Other private equity firms tracked on GP Intel.