InnovaFonds
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.
Key facts
Recent exits
Coverage notes
4 funds tracked, 46 portfolio companies (29 active · 17 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund InnovaFonds has raised, with its portfolio companies. Hand-checked from public filings.
Fonds Industries et Technologies IIIBuyout2025 · 1yr€215M4 active
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Ingeneo (ex Nortec) | Industrials | France | 2024 |
| Médipréma | Industrials | France | 2025 |
| Miditracage - Esvia | Industrials | France | 2025 |
| NextRoad | Industrials | France | 2025 |
Innovafonds AuraBuyout2020 · 6yr€150M20 active · 4 realized
Unrealized
20 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| A&B Couture | Industrials | France | 2024 |
| AlMa | Industrials | France | 2024 |
| Chloride | Industrials | France | 2021 |
| Clesse Industries | Industrials | France | 2022 |
| DMAX | Industrials | France | 2022 |
| Dydesys | Industrials | France | 2023 |
| Eternity Systems | Industrials | France | 2021 |
| Fleuret | Industrials | France | 2025 |
| Groupe A. Paviot | Industrials | France | 2023 |
| Groupe Lumiplan | Industrials | France | 2023 |
| Groupe Molinel Robur | Industrials | France | 2022 |
| Groupe NEOTEC | Industrials | France | 2023 |
| Groupe Référence | Industrials | France | 2024 |
| Milliris | Industrials | France | 2024 |
| Mineral Design | Industrials | France | 2021 |
| Mojovida | Industrials | France | 2024 |
| NOVAE | Industrials | France | 2022 |
| Pagès Group | Industrials | France | 2020 |
| PRAXY | Industrials | France | 2025 |
| Salini Immobilier | Industrials | France | 2025 |
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| ALPEX | Industrials | France | 2021 | – | – | – | – |
| BSM | Industrials | France | 2021 | 2023 | Trade Sale | – | |
| SNIC Technologies | Industrials | France | 2023 | 2026 | MBO | – | |
| Tera Environnement | ClimateTech | France | – | 2025 | Trade Sale | – |
Innovafonds IIBuyout2015 · 11yr€200M4 active · 6 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BARTEC Group | Industrials | France | 2019 |
| ECP | Industrials | France | 2018 |
| Lotronic | Industrials | France | 2015 |
| Numalliance | Industrials | France | 2019 |
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Groupe CAN | Industrials | France | 2018 | 2024 | – | – | – |
| JRI | Industrials | France | 2015 | 2019 | – | – | – |
| Physitek Devices | Industrials | France | 2017 | 2021 | – | – | – |
| RAIL INDUSTRIES | Industrials | France | 2019 | 2023 | GP-led | – | |
| SPC Group | Industrials | France | 2018 | 2023 | – | – | |
| SPI Group | Industrials | France | 2018 | 2024 | – | – | – |
Fonds Industries et Technologies IBuyout2010 · 16yr€150M1 active · 7 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Smart Home Intl. | Industrials | France | 2014 |
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Altix | Industrials | France | 2012 | 2018 | – | – | – |
| Avencall | Industrials | France | 2012 | 2020 | Trade Sale | – | |
| ECM Technologies | Industrials | France | 2014 | 2020 | – | – | – |
| Ecrin Systems | Industrials | France | 2011 | 2013 | – | – | – |
| Icape | Industrials | France | 2013 | 2017 | – | – | – |
| Nec-K | Industrials | France | 2013 | 2018 | – | – | – |
| Oros | Industrials | France | 2010 | 2015 | – | – | – |
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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.
Similar firms
Other private equity firms tracked on GP Intel.
France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€33.0BFrance·€27.0BFrance·€13.2BFrance·€11.6BFrance·€9.0BFrance·€7.0BFrance·€6.7BFrance·€6.0BFrance·€5.1B