Eutopia Gestion Sas
Eutopia Gestion SAS is a Paris-based early-stage venture capital firm dedicated to backing emerging consumer brands with purpose. Founded in 2018 by Antoine Fine (ex-Lazard, Otium consumer team 2015-2018) and Camille Kriebitzsch (Otium Capital analyst from 2015), the firm spun off from Otium Capital in early 2019 to operate as an independent regulated VC. Eutopia closed its first standalone fund, Eutopia II, at EUR 100M in December 2020 with backing from institutional investors, family offices and retail and consumer-goods professionals. The firm manages approximately EUR 280M in assets across the legacy Otium Brands investments made in 2015-2018 before the spin-off, Eutopia II (2019) and a successor vehicle launched in 2023-2024. Eutopia has invested in more than 30 mission-driven companies redefining how consumers eat, sleep, exercise, socialize, learn and feel. B Corp re-certified in January 2025 with a score of 117, it operates from Paris, New York and Madrid. Investment tickets range from EUR 1M to EUR 10M across seed and Series A rounds, with a recent pivot toward more mature companies generating EUR 5-15M in revenue. Notable exits include HARi&Co (trade sale to Avril Group, 2023), MEME (trade sale to Pierre Fabre, 2022), Tiptoe (trade sale to Fermob, 2024), Polène (secondary to L Catterton, 2024), Les Mini Mondes (sold to Unique Heritage Media, 2025), Ultra Premium Direct (sold to Inspired Pet Nutrition via Eurazeo, 2025) and Gourmey (merger with PARIMA, 2025).
Eutopia Gestion Sas is a Paris venture capital firm with €280M AUM, 28 active companies and 8 exits.
- ·8 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 8 realized deals: 5 years.
- ·Top sector focus: Consumer (75% of portfolio).
- ·Fund cadence: ~4Y between vintages · last raise 2023.
Sector breakdown
36 companiesGeography breakdown
6 geographiesKey facts
Recent exits
Eutopia Gestion Sas sold Gourmey to PARIMA (Vital Meat merger) in 2025 after 4 years.
Eutopia Gestion Sas sold Les Mini Mondes to Unique Heritage Media in 2025 after 4 years.
Eutopia Gestion Sas sold Ultra Premium Direct to Inspired Pet Nutrition in 2025 after 7 years.
Eutopia Gestion Sas sold Ho Karan to Groupe D-LAB in 2024 after 4 years.
Coverage notes
3 funds tracked, 36 portfolio companies (28 active · 8 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Eutopia Gestion Sas has raised, with its portfolio companies. Hand-checked from public filings.
Eutopia IIIVC2023€130M3 assetsVC2023 · 3yr€130M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Cerene Education · France | 2024 |
| Insentials Healthcare · Belgium | 2025 |
| Parima FoodTech · France | 2019 |
Eutopia IIVC2019€100M18 assets5 exitsVC2019 · 7yr€100M185
Unrealized
18 held| Company | Entry |
|---|---|
| Ana Luisa Consumer · US | 2019 |
| BAM Karaoke Box Hospitality · France | 2020 |
| Bastille Cycles Consumer · France | 2023 |
| By Charlot Consumer · France | 2022 |
| Dynamo Cycling Consumer · France | 2020 |
| Joyeuse Consumer · France | 2022 |
| Kampaoh Hospitality · Spain | 2021 |
| Kids Empire Hospitality · US | 2022 |
| Moderato Consumer · France | 2022 |
| Monday Sports Club Consumer · France | 2022 |
| Murfy Consumer · France | 2020 |
| Nous Anti Gaspi Consumer · France | 2022 |
| O.k.r Consumer · France | 2021 |
| OLY Be Consumer · France | 2020 |
| Organic Basics Consumer · Denmark | 2021 |
| SPRiNG Consumer · France | 2021 |
| Yellowpop Consumer · UK | 2021 |
| YouSchool EdTech · France | 2022 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Gourmey FoodTech · France | 2021 | 2025 | Trade Sale | PARIMA (Vital Meat merger) | – |
| Ho Karan Consumer · France | 2020 | 2024 | Trade Sale | Groupe D-LAB | – |
| Les Mini Mondes Consumer · France | 2021 | 2025 | Trade Sale | Unique Heritage Media | – |
| Polène Consumer · France | 2020 | 2024 | Secondary | L Catterton | – |
| Ultra Premium Direct Consumer · France | 2018 | 2025 | Trade Sale | Inspired Pet Nutrition | – |
Otium Brands LegacyVC2015€50M7 assets3 exitsVC2015 · 11yr€50M73
Unrealized
7 held| Company | Entry |
|---|---|
| Feed Consumer · France | 2017 |
| Hapik Consumer · France | 2016 |
| Laboté Consumer · France | 2018 |
| Même Cosmetics France | 2017 |
| Merci Handy Consumer · France | 2017 |
| Oh My Cream Consumer · France | 2016 |
| Tediber Consumer · France | 2016 |
About Eutopia Gestion Sas
Eutopia Gestion Sas is a European growth equity platform with €3 million of assets under management as of December 2024, headquartered in Paris. The firm targets profitable mid-cap businesses across consumer and healthcare, deploying minority and selective majority equity tickets alongside founder and management teams.
Investment thesis
The platform targets profitable European mid-cap companies across consumer and healthcare, deploying growth equity into minority and selective majority equity positions. Investment focus emphasises buy-and-build strategies, operational scaling and selective international expansion across France and selectively across Europe, with the team's sector specialisation enabling deep partnership with management teams throughout the post-investment value-creation phase.
Recent activity
Recent realised exits include NOUS anti-gaspi (software, 2025). The platform tracks 3 fund vehicles, 30 active portfolio companies and 1 realised exit across the strategy's history.
Frequently asked questions
- What investment strategy does Eutopia Gestion Sas focus on?
- Eutopia Gestion Sas focuses on VC strategies in the private equity space.
- How many portfolio companies does Eutopia Gestion Sas have?
- Eutopia Gestion Sas has 28 active portfolio companies and 8 completed exits and 3 funds tracked on GP Intel.
- Where is Eutopia Gestion Sas headquartered?
- Eutopia Gestion Sas is headquartered in Paris, France.
- What is Eutopia Gestion Sas's assets under management?
- Eutopia Gestion Sas manages approximately €280M in assets under management.
- When was Eutopia Gestion Sas founded?
- Eutopia Gestion Sas was founded in 2018.
- What sectors does Eutopia Gestion Sas invest in?
- Eutopia Gestion Sas invests across Consumer, Healthcare, Software.
- What are Eutopia Gestion Sas's recent exits?
- Recent realized exits by Eutopia Gestion Sas include: Gourmey (2025) to PARIMA (Vital Meat merger); Les Mini Mondes (2025) to Unique Heritage Media; Ultra Premium Direct (2025) to Inspired Pet Nutrition; Ho Karan (2024) to Groupe D-LAB; Polène (2024) to L Catterton; Tiptoe (2024) to Fermob; Hari&Co (2023) to Avril Group; Même (2022) to Pierre Fabre.
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