Innovacom
Innovacom is a French venture capital firm founded in 1988, based in Paris, specializing in early-stage investments in technology-led companies within the digital and deep tech sectors. It has invested over €1 billion in more than 300 startups, supporting their growth from inception to successful companies with strategic and financial value.
Key facts
Recent exits
Coverage notes
8 funds tracked, 85 portfolio companies (47 active · 38 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Innovacom has raised, with its portfolio companies. Hand-checked from public filings.
Industries d Avenir et Territoires 3VC2026 · 0yr€31M1 active
Industries d Avenir et Territoires 2VC2025 · 1yr€28M0 active
No portfolio companies tracked yet.
Industries d’Avenir et TerritoiresVC2024 · 2yr€85M10 active · 4 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aisprid | TMT | France | 2025 |
| Alice&Bob | TMT | Paris | 2025 |
| Alltheway travel | Consumer | France | 2024 |
| Eranova | Energy | France | 2024 |
| HiQuTe Diamond | TMT | Paris | 2025 |
| ION-X | TMT | Palaiseau | 2024 |
| MagREEsource | TMT | Noyarey | 2024 |
| Mycophyto | TMT | Grasse | 2026 |
| Spark Cleantech | TMT | Gif-Sur-Yvette | 2025 |
| Turbotech | TMT | Toussus-Le-Noble | 2025 |
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Business Objects | Software | International | 2004 | 2007 | Trade Sale | – | |
| Digitick | TMT | Marseille | 2011 | 2014 | Trade Sale | – | |
| Highwave Optical | TMT | International | 2000 | 2003 | – | – | – |
| Videoplaza | TMT | International | 2011 | 2014 | Trade Sale | – |
Avenir Numérique 2VC2021 · 5yr€38M12 active · 1 realized
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aura Aéro | TMT | Toulouse-Francazal | 2021 |
| CAILabs | TMT | France | 2018 |
| Diabeloop | Healthcare | France | 2022 |
| Exotrail | TMT | France | 2020 |
| Greenwaves Technologies | TMT | Grenoble | 2021 |
| Nexess | TMT | Valbonne (Sophia Antipolis) | 2016 |
| Pixee Medical | TMT | Besançon | 2023 |
| Primo1D | TMT | France | 2021 |
| Stellia | TMT | France | 2022 |
| SustainCERT | Business Services | France | 2021 |
| Uavia | TMT | France | 2021 |
| Wizaly | Software | France | 2022 |
technocom3VC2019 · 7yr€60M13 active · 2 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AI Verse | TMT | France | 2021 |
| Avicenna.ai | TMT | France | 2020 |
| Hinfact | TMT | France | 2023 |
| Intersec | TMT | France | 2018 |
| MicroEJ | Software | France | 2017 |
| OSO-AI | TMT | France | 2020 |
| Quobly | TMT | Grenoble | 2023 |
| Samp.ai | Software | France | 2022 |
| Scintil Photonics | TMT | France | 2022 |
| Steerlight | Software | France | 2024 |
| Upciti | Software | France | 2021 |
| Wingly | TMT | France | 2020 |
| Wormsensing | Software | France | 2022 |
Avenir NumériqueVC2019 · 7yr€60M8 active
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BlueNav | TMT | Arcachon | 2019 |
| Elixir Aircraft | Industrials | France | 2017 |
| Iadys | Healthcare | France | 2024 |
| Muance | TMT | France | 2019 |
| Niryo | TMT | France | 2019 |
| Sirfull | Consumer | France | 2024 |
| Tilkal | Software | France | 2024 |
| Training Orchestra | TMT | Paris | 2017 |
Industries d’Avenir et Territoires LegacyVC2017 · 9yr€50M1 active
Technocom2VC2012 · 14yr€100M2 active · 31 realized
Unrealized
2 heldRealized
31 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| 21Net | TMT | France | 2017 | 2018 | – | – | |
| Airlynx | TMT | France | 2012 | 2018 | – | – | |
| Algety | TMT | France | 2000 | 2003 | – | – | – |
| Astellia | TMT | France | 2012 | 2019 | Trade Sale | – | |
| Aviwest | TMT | France | 2017 | 2019 | Trade Sale | – | |
| Awox | TMT | France | 2012 | 2019 | IPO | – | – |
| Cozy Cloud | Software | France | 2017 | 2025 | Trade Sale | – | |
| Dimelo | Software | France | 2011 | 2018 | Trade Sale | – | |
| Exagan | TMT | France | 2018 | 2020 | Trade Sale | – | |
| Feeligreen | Healthcare | France | 2019 | 2024 | Trade Sale | – | |
| G²Mobility | TMT | France | 2012 | 2017 | – | – | – |
| Gemplus | TMT | France | 2003 | 2006 | Trade Sale | – | |
| Green-Communications | Software | France | 2016 | 2024 | MBO | – | – |
| Heptagon | TMT | Singapore | 2003 | 2016 | Trade Sale | – | |
| InfoVista | Software | France | 2004 | 2007 | Trade Sale | – | |
| Insiteo | TMT | France | 2018 | 2020 | – | – | – |
| Inventel | TMT | France | 2002 | 2005 | Trade Sale | – | |
| Kelkoo | TMT | France | 2001 | 2004 | Trade Sale | – | |
| Kolibree | TMT | France | 2016 | 2017 | – | – | |
| Kynogon | Software | France | 2005 | 2008 | Trade Sale | – | |
| Lastminute | Consumer | France | 2002 | 2005 | Trade Sale | – | |
| Netcentrex | TMT | France | 2003 | 2006 | Trade Sale | – | |
| Netezza | TMT | US | 2007 | 2010 | Trade Sale | – | |
| Olea Medical | Healthcare | France | 2012 | 2022 | Trade Sale | – | |
| OneAccess | TMT | France | 2012 | 2016 | Trade Sale | – | |
| Owlient | Software | France | 2008 | 2011 | Trade Sale | – | |
| Plisch | Software | France | 2007 | 2010 | – | – | – |
| Robart | TMT | France | 2017 | 2020 | Trade Sale | – | |
| Silkan | TMT | France | 2017 | 2020 | – | – | – |
| Soitec | TMT | France | 2005 | 2008 | IPO | – | – |
| Streamezzo | TMT | France | 2009 | 2012 | Trade Sale | – |
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About Innovacom
Innovacom is a French venture capital firm with €1 billion of assets under management as of December 2024, founded in 1988 and headquartered in Paris. The firm specialises in early-stage investments in technology-led companies within the digital and deep tech sectors, with over €1 billion invested in more than 300 startups across a multi-decade French tech ecosystem track record. The platform supports European tech innovation across multiple vintage funds.
Investment thesis
Innovacom targets European technology and deep tech early-stage companies, deploying venture capital commitments across seed and Series A stages with selective growth-stage follow-on investments. Sector focus spans TMT (telecom, digital media), Consumer (consumer tech), Software (enterprise SaaS), Healthcare (digital health), Industrials (industrial technology) and Energy (clean energy tech). Equity ticket sizes typically range from €1 million to €15 million per investment depending on stage and sector.
Recent activity
Recent realised exits include Greenwaves Technologies (TMT, 2026), Antaïos (TMT, 2025), Aryballe (TMT, 2025), Acklio (TMT, 2024) and Feeligreen (healthcare, 2024), reflecting strong distribution across the technology venture portfolio. The platform tracks 8 funds, 43 active portfolio companies and 40 realised exits across the multi-decade French tech VC track record. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.
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