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InnovaFonds

InnovaFonds

PARIS, France·Founded 2008··innovafonds.fr

Founded in 2011, InnovaFonds is an independent French private equity firm managing over €500 million across five investment vehicles. It invests in small and medium-sized enterprises through growth capital and buyout transactions, actively supporting business development with an entrepreneurial approach.

AUM
€600M
Funds
5
vintages 2010–2025
Portfolio
34
Exits
17

Key facts

HQPARIS, France
Founded2008

Recent exits

SNIC Technologies
SNIC Technologies
Industrials2026 · 3yr hold
Tera Environnement
Tera Environnement
ClimateTech2025
Groupe CAN
Groupe CAN
Construction2024 · 6yr hold
SPI Group
Industrials2024 · 6yr hold

Coverage notes

5 funds tracked, 51 portfolio companies (34 active · 17 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

51 companies
Industrials
45 · 88%
Construction
2 · 4%
Business Services
1 · 2%
Aerospace & Defence
1 · 2%
TMT
1 · 2%
ClimateTech
1 · 2%

Funds & portfolio

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

5 funds
Fonds Industries et Technologies IIIBuyoutinvesting
2025 · 1yr€215M7 active

Unrealized

7 held
Groupe CVAActive
Business ServicesFrance· Entry 2025
Groupe Isore
Groupe IsoreActive
IndustrialsFrance· Entry 2025
IndustrialsFrance· Entry 2024
MédiprémaActive
IndustrialsFrance· Entry 2025
IndustrialsFrance· Entry 2025
NextRoad
NextRoadActive
IndustrialsFrance· Entry 2025
IndustrialsFrance· Entry 2026
Partenaire Managers IBuyoutclosed
2025 · 1yr€115M0 active

No portfolio companies tracked yet.

Innovafonds AuraBuyoutharvesting
2020 · 6yr€150M22 active · 4 realized

Unrealized

22 held
A&B CoutureActive
IndustrialsFrance· Entry 2024
AlMa
AlMaActive
IndustrialsFrance· Entry 2024
IndustrialsFrance· Entry 2023
ChlorideActive
IndustrialsFrance· Entry 2021
IndustrialsFrance· Entry 2022
DMAX
DMAXActive
IndustrialsFrance· Entry 2022
DydesysActive
IndustrialsFrance· Entry 2023
IndustrialsFrance· Entry 2021
Fleuret
FleuretActive
Aerospace & DefenceFrance· Entry 2025
IndustrialsFrance· Entry 2023
IndustrialsFrance· Entry 2023
IndustrialsFrance· Entry 2022
IndustrialsFrance· Entry 2023
IndustrialsFrance· Entry 2024
Lumiplan
LumiplanActive
TMTFrance· Entry 2023
MillirisActive
IndustrialsFrance· Entry 2024
IndustrialsFrance· Entry 2021
Mojovida
MojovidaActive
IndustrialsFrance· Entry 2024
NovaeActive
IndustrialsFrance· Entry 2022
Pagès Group
Pagès GroupActive
IndustrialsFrance· Entry 2020
PraxyActive
IndustrialsFrance· Entry 2025
IndustrialsFrance· Entry 2025

Realized

4 exits
ALPEX
AlpexExited
IndustrialsFrance· Entry 2021
Continuation Vehicleto
BSM
BSMExited 2023
ConstructionFrance· Entry 2021
Trade Saleto
SNIC Technologies
SNIC TechnologiesExited 2026
IndustrialsFrance· Entry 2023
MBOto
Tera Environnement
Tera EnvironnementExited 2025
ClimateTechFrance
Trade Saleto
Innovafonds IIBuyoutdivesting
2015 · 11yr€200M4 active · 6 realized

Unrealized

4 held
BARTEC GroupActive
IndustrialsFrance· Entry 2019
ECP
ECPActive
IndustrialsFrance· Entry 2018
LotronicActive
IndustrialsFrance· Entry 2015
Numalliance
NumallianceActive
IndustrialsFrance· Entry 2019

Realized

6 exits
Groupe CAN
Groupe CANExited 2024
ConstructionFrance· Entry 2018
JRI
JRIExited 2019
IndustrialsFrance· Entry 2015
MBOto
Physitek Devices
Physitek DevicesExited 2021
IndustrialsFrance· Entry 2017
MBOto
Rail IndustriesExited 2023
IndustrialsFrance· Entry 2019
Continuation Vehicleto
SPC Group
SPC GroupExited 2023
IndustrialsFrance· Entry 2018
SPI GroupExited 2024
IndustrialsFrance· Entry 2018
Fonds Industries et Technologies IBuyoutdivesting
2010 · 16yr€150M1 active · 7 realized

Unrealized

1 held
IndustrialsFrance· Entry 2014

Realized

7 exits
Altix
AltixExited 2018
IndustrialsFrance· Entry 2012
MBOto
AvencallExited 2020
IndustrialsFrance· Entry 2012
Trade Saleto
ECM TechnologiesExited 2020
IndustrialsFrance· Entry 2014
Secondaryto
Ecrin SystemsExited 2013
IndustrialsFrance· Entry 2011
Icape
IcapeExited 2017
IndustrialsFrance· Entry 2013
MBOto
Nec-KExited 2018
IndustrialsFrance· Entry 2013
MBOto
Oros
OrosExited 2015
IndustrialsFrance· Entry 2010
Trade Saleto
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About InnovaFonds

InnovaFonds is an independent French private equity firm with over €500 million of assets under management as of December 2024, founded in 2011 and headquartered in Paris. The firm manages five investment vehicles deploying capital across small and medium-sized enterprises through growth capital and buyout transactions, with the platform actively supporting French SME ecosystem across multiple investment cycles.

Investment thesis

InnovaFonds targets French SMEs and lower mid-cap companies, deploying growth equity and selective buyout capital with equity tickets typically ranging from €5 million to €25 million per transaction. Sector focus spans the broad coverage typical of generalist French SME platforms, with particular depth in industrial businesses and selectively other verticals where operational improvement and bolt-on M&A drive value creation.

Recent activity

Recent realised exits include Tera Environnement (ClimateTech, 2025), reflecting selective distribution activity across the French SME portfolio. The platform tracks 3 funds and 45 active portfolio companies across the multi-vintage programme. Detailed buyer names and multiple data available on Pro at €29/month.

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