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Edenred Capital Partners

Edenred Capital Partners

London, United Kingdom·Founded 2012··edenredventures.com

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.

AUM
€175M
Funds
3
vintages 2012–2021
Portfolio
13
Exits
10
SectorsSoftwareFinancialsBusiness Services

Key facts

HQLondon, United Kingdom
Founded2012

Recent exits

Banked
Financials · 2026 · 4yr hold
Beekeeper
Software · 2025 · 7yr hold
Andjaro
HR Tech · 2023 · 5yr hold
Avrios
Software · 2023 · 4yr hold

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.

3 funds
Edenred Capital Partners Fund IIIVC
2021 · 5yr€85M7 active · 1 realized

Unrealized

7 held
5minsActive
EdTechUnited Kingdom· Entry 2022
BenefizActive
HR TechFrance· Entry 2022
CandexActive
SoftwareUnited States· Entry 2025
FretoActive
Business ServicesBrazil· Entry 2024
LikeoActive
HR TechFrance· Entry 2022
ObjowActive
HR TechFrance· Entry 2024
VolterasActive
Business ServicesUnited Kingdom· Entry 2025

Realized

1 exit
BankedExited 2026
FinancialsUnited Kingdom· Entry 2022
Trade Saleto
Edenred Capital Partners Fund IIVC
2017 · 9yr€60M4 active · 4 realized

Unrealized

4 held
BuyBoxActive
FinancialsFrance· Entry 2020
FretlinkActive
Business ServicesFrance· Entry 2019
EdTechUnited Kingdom· Entry 2019
SoftwareFrance· Entry 2018

Realized

4 exits
AndjaroExited 2023
HR TechFrance· Entry 2018
Trade Saleto
AvriosExited 2023
SoftwareSwitzerland· Entry 2019
Trade Saleto
BeekeeperExited 2025
SoftwareSwitzerland· Entry 2018
Trade Saleto
HR TechIsrael
Trade Saleto
Edenred Capital Partners Fund IVC
2012 · 14yr€30M2 active · 5 realized

Unrealized

2 held
Business ServicesFrance· Entry 2017
BeameryActive
HR TechUnited Kingdom· Entry 2016

Realized

5 exits
FinsquareExited 2016
FinancialsFrance· Entry 2015
Trade Saleto
FinancialsFrance· Entry 2014
Trade Saleto
LaunchPadExited 2020
HR TechUnited Kingdom· Entry 2014
Trade Saleto
ProwebCEExited 2015
HR TechFrance· Entry 2012
Trade Saleto
ZenchefExited 2022
SoftwareFrance· Entry 2015
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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.

Philippe Dufour
Managing Partner
Norbert Furnion
Managing Partner
Dany Bidar
Investment Director
Olivia Burgio
Investment Manager
Francesca Cox
Investment Manager
Daniil Furman
Associate
Last updated June 2026 · Sourced from public filings