Future Positive Capital
Future Positive Capital is a Paris-based seed and Series A venture capital firm founded in 2018 by Sofia Hmich (Founder and Managing Partner) with a London satellite office. The firm manages Fund I (2019 vintage, EUR 53 million) and invests EUR 500 thousand to EUR 5 million tickets into European and international deep-tech and climate-tech startups solving major planetary and human-health challenges. Sectors of focus include direct air capture, sustainable food and protein, mobility, women's health and digital therapeutics, fibre optics and AI. Portfolio includes Heirloom (direct air capture), Dendra Systems (ecosystem restoration), Cowboy (e-bikes), Clue (women's health) and Tangible (climate hardtech debt financing).
Key facts
Recent exits
Coverage notes
1 fund tracked, 21 portfolio companies (18 active · 3 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Future Positive Capital has raised, with its portfolio companies. Hand-checked from public filings.
Future Positive IVC2019 · 7yr€53M18 active · 3 realized
Unrealized
18 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| aDryada | ClimateTech | France | 2025 |
| Aerones | ClimateTech | Latvia | 2022 |
| Biocol Labs | Consumer | Portugal | 2023 |
| Brilliant Planet | ClimateTech | United Kingdom | 2022 |
| Circulor | ClimateTech | United Kingdom | 2020 |
| Clue | HealthTech | Germany | 2021 |
| Conceivable Life Sciences | HealthTech | United States | 2022 |
| Fuse | Energy | United Kingdom | 2025 |
| Heirloom | ClimateTech | United States | 2024 |
| Huma | HealthTech | United Kingdom | 2020 |
| Kranus Health | HealthTech | Germany | 2023 |
| Le Fourgon | ClimateTech | France | 2025 |
| Naama | MedTech | United Kingdom | 2023 |
| Ouihelp | Business Services | France | 2018 |
| Oxwash | ClimateTech | United Kingdom | 2021 |
| Sweetch Energy | ClimateTech | France | 2021 |
| Tangible | Fintech | United Kingdom | 2024 |
| Upway | Mobility | France | 2022 |
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Cowboy | Mobility | Belgium | 2020 | 2025 | Trade Sale | – | |
| Dendra Systems | ClimateTech | United Kingdom | 2020 | 2025 | – | – | – |
| Vantage Discovery | Software | US | 2023 | 2025 | Trade Sale | – |
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About Future Positive Capital
Future Positive Capital is a French venture capital firm headquartered in Paris with €3 million of assets under management as of December 2024. Founded in 2018, the firm deploys institutional capital across early-stage and selective growth-stage equity rounds in European technology companies, with sector focus spanning healthcare, business services, energy and industrials.
Investment thesis
Future Positive Capital targets European and selectively global early-stage and growth-stage technology companies across healthcare, business services, energy and industrials, deploying institutional venture capital across seed, Series A and Series B rounds. The firm emphasises hands-on operational support during the post-investment value-creation phase, leveraging founder and operator partners alongside institutional capital to support international expansion and category leadership across France and selectively across Europe. Average equity tickets vary by stage with reserve capital preserved for follow-on rounds across the platform.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 2 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.
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France·€196.0BFrance·€13.2BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0BFrance·€3.0BFrance·€2.8BFrance·€2.6BFrance·€2.5BFrance·€2.1BFrance·€2.0B