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.
Innovacom is a Paris venture capital firm with 45 active companies and 41 exits.
- ·10 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 41 realized deals: 4 years.
- ·Top sector focus: TMT (28% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2026.
Sector breakdown
86 companiesGeography breakdown
17 geographiesKey facts
Recent exits
Innovacom sold SustainCERT to TÜV SÜD in 2026 after 5 years.
Innovacom sold Samp.ai to Aize in 2026 after 4 years.
Innovacom exited Antaïos in 2025 after 5 years.
Innovacom sold Matrixx to Amdocs in 2025 after 8 years.
Coverage notes
8 funds tracked, 86 portfolio companies (45 active · 41 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€31M1 assetsVC2026 · 0yr€31M1–
Unrealized
1 held| Company | Entry |
|---|---|
| Faactopi Industrials · Lyon | 2026 |
Industries d Avenir et Territoires 2VC2025€28M0 assetsVC2025 · 1yr€28M0–
No portfolio companies tracked yet.
Industries d’Avenir et TerritoiresVC2024€85M11 assets4 exitsVC2024 · 2yr€85M114
Unrealized
11 held| Company | Entry |
|---|---|
| Aisprid AgTech · France | 2025 |
| Alice&Bob TMT · Paris | 2025 |
| Alltheway travel Hospitality · France | 2024 |
| Dry4Good FoodTech · France | 2026 |
| Eranova ClimateTech · France | 2024 |
| HiQuTe Diamond Deep Tech · Paris | 2025 |
| Ion-x Aerospace & Defence · Palaiseau | 2024 |
| MagREEsource TMT · Noyarey | 2024 |
| Mycophyto TMT · Grasse | 2026 |
| Spark Cleantech ClimateTech · Gif-Sur-Yvette | 2025 |
| Turbotech Aerospace & Defence · Toussus-Le-Noble | 2025 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Business Objects Data & Analytics · International | 2004 | 2007 | Trade Sale | SAP | – |
| Digitick E-commerce · Marseille | 2011 | 2014 | Trade Sale | Fnac | – |
| Highwave Optical Telecom · International | 2000 | 2003 | IPO | – | – |
| Videoplaza TMT · International | 2011 | 2014 | Trade Sale | Ooyala | – |
Avenir Numérique 2VC2021€38M11 assets2 exitsVC2021 · 5yr€38M112
Unrealized
11 held| Company | Entry |
|---|---|
| Aura Aéro TMT · Toulouse-Francazal | 2021 |
| CAILabs Deep Tech · France | 2018 |
| Diabeloop MedTech · France | 2022 |
| Exotrail Aerospace & Defence · France | 2020 |
| Greenwaves Technologies Deep Tech · Grenoble | 2021 |
| Nexess Telecom · Valbonne (Sophia Antipolis) | 2016 |
| Pixee Medical MedTech · Besançon | 2023 |
| Primo1D Deep Tech · France | 2021 |
| Stellia TMT · France | 2022 |
| Uavia Deep Tech · France | 2021 |
| Wizaly TMT · France | 2022 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Retrofleet Mobility · France | 2022 | 2024 | Trade Sale | CAR ET BUS MAINTENANCE | – |
| SustainCERT Business Services · France | 2021 | 2026 | Trade Sale | TÜV SÜD | – |
Avenir NumériqueVC2019€60M8 assetsVC2019 · 7yr€60M8–
Unrealized
8 held| Company | Entry |
|---|---|
| BlueNav TMT · Arcachon | 2019 |
| Elixir Aircraft Aerospace & Defence · France | 2017 |
| Iadys Industrials · France | 2024 |
| Muance Construction · France | 2019 |
| Niryo Deep Tech · France | 2019 |
| Sirfull Consumer · France | 2024 |
| Tilkal SaaS · France | 2024 |
| Training Orchestra TMT · Paris | 2017 |
technocom3VC2019€60M12 assets3 exitsVC2019 · 7yr€60M123
Unrealized
12 held| Company | Entry |
|---|---|
| AI Verse TMT · France | 2021 |
| Avicenna.ai TMT · France | 2020 |
| Hinfact TMT · France | 2023 |
| Intersec Data & Analytics · France | 2018 |
| MicroEJ DevTools · France | 2017 |
| Oso-ai TMT · France | 2020 |
| Quobly Deep Tech · Grenoble | 2023 |
| Scintil Photonics Deep Tech · France | 2022 |
| Steerlight Deep Tech · France | 2024 |
| Upciti AI/ML · France | 2021 |
| Wingly E-commerce · France | 2020 |
| Wormsensing Deep Tech · France | 2022 |
Industries d’Avenir et Territoires LegacyVC2017€50M0 assets1 exitsVC2017 · 9yr€50M01
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Matrixx Telecom · International | 2017 | 2025 | Trade Sale | Amdocs | – |
Technocom2VC2012€100M2 assets31 exitsVC2012 · 14yr€100M231
Realized
31 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 21Net Telecom · France | 2017 | 2018 | Trade Sale | Alstom | – |
| Airlynx Telecom · France | 2012 | 2018 | Trade Sale | Atos | – |
| Algety Telecom · France | 2000 | 2003 | Trade Sale | Corvis | – |
| Astellia Telecom · France | 2012 | 2019 | Trade Sale | EXFO | – |
| Aviwest Telecom · France | 2017 | 2019 | Trade Sale | Haivision | – |
| Awox TMT · France | 2012 | 2019 | IPO | – | – |
| Cozy Cloud Cloud Infrastructure · France | 2017 | 2025 | Trade Sale | Linagora | – |
| Dimelo SaaS · France | 2011 | 2018 | Trade Sale | RingCentral | – |
| Exagan TMT · France | 2018 | 2020 | Trade Sale | STMicroelectronics | – |
| Feeligreen MedTech · France | 2019 | 2024 | Trade Sale | Groupe SEB (SEB Developpement) | – |
| G²Mobility TMT · France | 2012 | 2017 | Trade Sale | TotalEnergies | – |
| Gemplus Telecom · France | 2003 | 2006 | Trade Sale | Gemalto | – |
| Green-Communications Deep Tech · France | 2016 | 2024 | MBO | – | – |
| Heptagon TMT · Singapore | 2003 | 2016 | Trade Sale | ams AG | – |
| InfoVista SaaS · France | 2004 | 2007 | Trade Sale | Thales | – |
| Insiteo TMT · France | 2018 | 2020 | MBO | – | – |
| Inventel Telecom · France | 2002 | 2005 | Trade Sale | Thomson | – |
| Kelkoo E-commerce · France | 2001 | 2004 | Trade Sale | Yahoo | – |
| Kolibree TMT · France | 2016 | 2017 | Trade Sale | Baracoda | – |
| Kynogon DevTools · France | 2005 | 2008 | Trade Sale | Autodesk | – |
| Lastminute Hospitality · France | 2002 | 2005 | Trade Sale | Sabre | – |
| Netcentrex Telecom · France | 2003 | 2006 | Trade Sale | Comverse | – |
| Netezza TMT · US | 2007 | 2010 | Trade Sale | IBM | – |
| Olea Medical MedTech · France | 2012 | 2022 | Trade Sale | Canon Medical | – |
| OneAccess Telecom · France | 2012 | 2016 | Trade Sale | Ekinops | – |
| Owlient Software · France | 2008 | 2011 | Trade Sale | Ubisoft | – |
| Plisch Software · France | 2007 | 2010 | – | – | – |
| Robart TMT · France | 2017 | 2020 | Trade Sale | iRobot | – |
| Silkan TMT · France | 2017 | 2020 | Trade Sale | Safran Landing Systems | – |
| Soitec Deep Tech · France | 2005 | 2008 | IPO | – | – |
| Streamezzo Telecom · France | 2009 | 2012 | Trade Sale | OpenTV | – |
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.
Frequently asked questions
- What investment strategy does Innovacom focus on?
- Innovacom focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Innovacom have?
- Innovacom has 45 active portfolio companies and 41 completed exits and 8 funds tracked on GP Intel.
- Where is Innovacom headquartered?
- Innovacom is headquartered in Paris, France.
- When was Innovacom founded?
- Innovacom was founded in 1988.
- What sectors does Innovacom invest in?
- Innovacom invests across TMT, Industrials, Software, Healthcare, Business Services, Energy.
- What are Innovacom's recent exits?
- Recent realized exits by Innovacom include: SustainCERT (2026) to TÜV SÜD; Samp.ai (2026) to Aize; Matrixx (2025) to Amdocs; Cozy Cloud (2025) to Linagora; Retrofleet (2024) to CAR ET BUS MAINTENANCE; Feeligreen (2024) to Groupe SEB (SEB Developpement); Acklio (2023) to Actility; Olea Medical (2022) to Canon Medical.
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