Karista
Karista is a Paris-based European early-stage venture capital firm founded in 2001 as CapDecisif Management and rebranded as Karista in June 2020. Headquartered at 45 Rue Boissière in Paris 16th arrondissement and registered with the French AMF under management company licence GP 07000047 (SIREN 494602808), the firm manages around 134 million euros across six active vehicles spanning HealthTech, DeepTech (Space and Defence), and Digital. Karista has backed more than 90 startups since inception, deploying tickets from seed to Series B-plus typically between 500K and 5 million euros. The platform operates the Paris Region Venture Fund (50M, 2014, Region Ile-de-France and European Commission FEDER anchored), the CapDecisif IV Digital Health Fund (50M, 2020), the Karista HealthTech Fund (Karista V, 2021), CosmiCapital (NewSpace fund, 38M first close 2021 with CNES and Bpifrance as cornerstone LPs), and is preparing KTechII for a first close in 2026. The firm is led by co-founders Olivier Dubuisson (Chairman, Managing Partner Digital and Engineering) and Catherine Boule (Managing Partner Healthcare, joined 2003), with partners Yvan-Michel Ehkirch (Digital/DeepTech/Space/Defence) and Baudouin Hue (Healthcare/Digital Health, joined 2014).
Key facts
Recent exits
Coverage notes
5 funds tracked, 52 portfolio companies (36 active · 16 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Karista has raised, with its portfolio companies. Hand-checked from public filings.
CosmiCapitalVC2021 · 5yr€38M8 active
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| 10Lines | Industrials | Estonia | 2024 |
| Bfore.AI | Software | France | 2022 |
| Constellr | Industrials | Germany | 2023 |
| Cysec | Software | Switzerland | 2022 |
| Exotrail | Industrials | France | 2020 |
| LeanSpace | Software | France | 2022 |
| Look Up | TMT | France | 2023 |
| TiHive | Industrials | France | 2025 |
Karista HealthTech FundVC2021 · 5yr€50M8 active · 1 realized
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Brightflow | Healthcare | France | 2021 |
| Deemea | Healthcare | France | 2024 |
| Deo Care | Healthcare | France | 2021 |
| Incepto | Healthcare | France | 2019 |
| Kranus Health | Healthcare | Germany | 2022 |
| RebrAIn | Healthcare | France | 2023 |
| SamanTree Medical | Healthcare | Switzerland | 2025 |
| Waiv | Healthcare | France | 2026 |
CapDecisif 4VC2018 · 8yr€50M7 active · 6 realized
Unrealized
7 heldRealized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Appscho | Software | France | 2018 | 2022 | Trade Sale | – | |
| Linkfluence | Software | France | 2016 | 2021 | Trade Sale | – | |
| MyPL | Software | France | 2021 | 2024 | – | – | – |
| Navya | Industrials | France | 2015 | 2018 | IPO | – | |
| Sequans | TMT | France | – | 2011 | IPO | – | |
| Theraclion | HealthTech | France | – | 2014 | IPO | – |
Paris Region Venture FundVC2014 · 12yr€50M6 active · 2 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| BabySafe | Healthcare | France | 2021 |
| Beev | Consumer | France | 2023 |
| Humanlinker | Software | France | 2022 |
| L'Atout | TMT | France | 2024 |
| Tallano Technologies | Industrials | France | 2019 |
| Vestack | Industrials | France | 2020 |
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Concentrix KYC Services | Business Services | France | 2014 | 2017 | Trade Sale | – | |
| Web Geo Services | Software | France | 2014 | 2021 | Trade Sale | – |
CapDecisif 3VC2013 · 13yr€47M7 active · 7 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Actvt | Software | France | 2016 |
| E(ye)Brain | Healthcare | France | 2016 |
| Nokad | Business Services | France | 2016 |
| Oralance Pharma | Healthcare | France | 2008 |
| PayinTech | Financials | France | 2017 |
| Serious Factory | Software | France | 2015 |
| Up & Net | Software | France | 2009 |
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Axess Vision Technology | Healthcare | France | 2008 | 2018 | Trade Sale | – | |
| Minka Therapeutics | Healthcare | France | 2016 | 2022 | MBO | – | |
| Physikron | Healthcare | France | 2016 | 2017 | MBO | – | |
| PulseSight Therapeutics | Healthcare | France | 2017 | 2019 | MBO | – | |
| Red Technologies | TMT | France | 2015 | 2024 | Trade Sale | – | |
| Stereolabs | TMT | France | 2013 | 2026 | Trade Sale | – | |
| Watchfrog | Healthcare | France | 2008 | 2025 | MBO | – |
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About Karista
Karista is a venture capital platform based in Paris with capital deployed across 6 active fund vehicles and a founding year of 1992. The firm targets European and selectively global technology companies across healthcare, software and TMT, with capital deployed across early-stage and Series A/B rounds alongside institutional limited partners.
Investment thesis
The platform deploys venture capital into healthcare, software and TMT categories with a focus on technology-enabled businesses across France and selectively across Europe. Investment focus spans seed and growth stages with capital deployed across multiple rounds per portfolio company, supporting founder teams through international scaling and selective M&A activity. The fund structure enables longer holding periods than typical venture vehicles, supporting category-leadership outcomes in technology platforms with global ambitions.
Recent activity
Recent realised exits include Red Technologies (software, 2025), Watchfrog (software, 2025), Linkfluence (software, 2022) and Minka Therapeutics (healthcare, 2022). The platform tracks 6 fund vehicles, 37 active portfolio companies and 10 realised exits across the strategy's history. 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·€13.2BFrance·€6.7BFrance·€4.3BFrance·€4.0BFrance·€4.0BFrance·€3.0BFrance·€2.8BFrance·€2.6BFrance·€2.5BFrance·€2.1BFrance·€2.0B