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Eutopia Gestion Sas

Eutopia Gestion Sas

Paris, France·Founded 2018··eutopia.vc

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).

AUM
€280M
Funds
3
vintages 2015–2023
Portfolio
27
Exits
7

Key facts

HQParis, France
Founded2018
Websiteeutopia.vc

Recent exits

Gourmey
Gourmey
FoodTech2025 · 4yr hold
Les Mini Mondes
Les Mini Mondes
Consumer2025 · 4yr hold
Ultra Premium Direct
Ultra Premium Direct
Consumer2025 · 7yr hold
Polène
Consumer2024 · 4yr hold

Coverage notes

3 funds tracked, 34 portfolio companies (27 active · 7 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

34 companies
Consumer
30 · 88%
Hospitality
2 · 6%
Healthcare
1 · 3%
FoodTech
1 · 3%

Funds & portfolio

Every fund Eutopia Gestion Sas has raised, with its portfolio companies. Hand-checked from public filings.

3 funds
Eutopia IIIVC
2023 · 3yr€130M2 active

Unrealized

2 held
CERENE
CereneActive
ConsumerFrance· Entry 2024
InsentialsActive
HealthcareBelgium· Entry 2025
Eutopia IIVC
2019 · 7yr€100M19 active · 4 realized

Unrealized

19 held
Ana Luisa
Ana LuisaActive
ConsumerUS· Entry 2019
HospitalityFrance· Entry 2020
ConsumerFrance· Entry 2023
By Charlot
By CharlotActive
ConsumerFrance· Entry 2022
ConsumerFrance· Entry 2020
Ho Karan
Ho KaranActive
ConsumerFrance· Entry 2020
Joyeuse
JoyeuseActive
ConsumerFrance· Entry 2022
KampaohActive
HospitalitySpain· Entry 2021
Kids Empire
Kids EmpireActive
ConsumerUS· Entry 2022
Moderato
ModeratoActive
ConsumerFrance· Entry 2022
ConsumerFrance· Entry 2022
Murfy
MurfyActive
ConsumerFrance· Entry 2020
ConsumerFrance· Entry 2022
O.K.R
O.k.rActive
ConsumerFrance· Entry 2021
OLY Be
OLY BeActive
ConsumerFrance· Entry 2020
ConsumerDenmark· Entry 2021
SPRiNG
SPRiNGActive
ConsumerFrance· Entry 2021
YellowpopActive
ConsumerUK· Entry 2021
YouSchool
YouSchoolActive
ConsumerFrance· Entry 2022

Realized

4 exits
Gourmey
GourmeyExited 2025
FoodTechFrance· Entry 2021
Trade Saleto
Les Mini Mondes
Les Mini MondesExited 2025
ConsumerFrance· Entry 2021
Trade Saleto
PolèneExited 2024
ConsumerFrance· Entry 2020
Secondaryto
ConsumerFrance· Entry 2018
Trade Saleto
Otium Brands LegacyVC
2015 · 11yr€50M6 active · 3 realized

Unrealized

6 held
FeedActive
ConsumerFrance· Entry 2017
Hapik
HapikActive
ConsumerFrance· Entry 2016
Laboté
LabotéActive
ConsumerFrance· Entry 2018
Merci Handy
Merci HandyActive
ConsumerFrance· Entry 2017
Oh My Cream
Oh My CreamActive
ConsumerFrance· Entry 2016
TediberActive
ConsumerFrance· Entry 2016

Realized

3 exits
Hari&CoExited 2023
ConsumerFrance· Entry 2017
Trade Saleto
MêmeExited 2022
ConsumerFrance· Entry 2017
Trade Saleto
Tiptoe
TiptoeExited 2024
ConsumerFrance· Entry 2017
Trade Saleto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated June 2026 · Sourced from public filings · Report an issue