Ventech
Ventech is a Paris-based venture capital firm founded in December 1998 by Alain Caffi and Eric Huet, headquartered at 47 avenue de l'Opera 75002 Paris and approved by the AMF as a portfolio management company under code GP98-039 (SIREN 410316699). The firm has raised over EUR 1.1B across six European flagship funds (Ventech I 1998 + II 2000 + III 2007 EUR 150M + IV circa 2013 + V 2017 EUR 155M + VI 2025 EUR 175M) plus a parallel China platform launched in 2006 and an AFI Ventures impact arm. Ventech writes Seed to Series A tickets from EUR 500K to EUR 5M with follow-on capacity through exit. Core themes include AI-native vertical applications, B2B software, climate tech, digital health, industrial software, cybersecurity, sovereign hardware and semiconductors, cloud infrastructure, and media. The platform operates from Paris, Munich, Berlin, Helsinki, Stockholm, Shanghai, and Hong Kong, and has backed more than 320 companies with 185 exits and 19 IPOs across its history. Notable European wins include Believe (Euronext Paris IPO 2021 36x return), Withings (Nokia 2016 USD 190M Trade Sale), Adikteev (October 2025 management buyout 7x return), Bonitasoft (Fortino Capital 2022 Secondary), Bprocess (SAP Ariba 2011 Trade Sale), Adore Me (Victoria's Secret 2023 Trade Sale), and Arteris (NASDAQ IPO 2021). Following founder Alain Caffi retirement in September 2025, Jean Bourcereau serves as Chairman with Audrey Soussan and Stephan Wirries as General Partners.
Ventech is a Paris venture capital firm with €1.1B AUM, 65 active companies and 30 exits.
- ·18 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 30 realized deals: 8 years.
- ·Best return: 36.0x MOIC on Believe (2021).
- ·Fund cadence: ~5Y between vintages · last raise 2025.
Sector breakdown
95 companiesGeography breakdown
14 geographiesKey facts
Recent exits
Ventech sold 365Talents to Docebo in 2026 after 8 years.
Ventech sold Leocare to Belfius Group in 2026 after 5 years.
Ventech took OneRobotics public in 2025 after 7 years.
Coverage notes
6 funds tracked, 95 portfolio companies (65 active · 30 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Ventech has raised, with its portfolio companies. Hand-checked from public filings.
Ventech Capital VIVC2025€175M5 assetsVC2025 · 1yr€175M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Inven SaaS · Finland | 2025 |
| OKAPI:Orbits Aerospace & Defence · Germany | 2025 |
| Olyzon AdTech · France | 2025 |
| Starhive Data & Analytics · Sweden | 2025 |
| Vertesia AI/ML · France | 2025 |
AFI VenturesImpact2020€30M11 assetsImpact2020 · 6yr€30M11–
Unrealized
11 held| Company | Entry |
|---|---|
| Enrise ClimateTech · France | 2025 |
| Estuaire ClimateTech · France | 2024 |
| Green PRAXIS ClimateTech · France | 2024 |
| Inarix AgTech · France | 2023 |
| Jinko HealthTech · France | 2024 |
| Morfo ClimateTech · France | 2022 |
| Nova Carbon ClimateTech · France | 2024 |
| Optimiz Construction Construction · France | 2023 |
| Sirona MedTech · Belgium | 2023 |
| Toasty E-commerce · France | 2024 |
| vorteX-io ClimateTech · France | 2024 |
Ventech Capital VDivestingVC2018€140M8 assetsVC2018 · 8yr€140M8–
Unrealized
8 held| Company | Entry |
|---|---|
| Korint InsurTech · France | 2024 |
| Microoled Deep Tech · France | 2021 |
| Mindler HealthTech · Sweden | 2020 |
| Omaha Insight Data & Analytics · France | 2024 |
| Passion.io DevTools · Germany | 2021 |
| RecargaPay Fintech · Brazil | 2018 |
| Tilkal SaaS · France | 2024 |
| TrustYou Software · Germany | 2023 |
Ventech Capital IVDivestingVC2012€100M3 assetsVC2012 · 14yr€100M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Mediarithmics AdTech · France | 2017 |
| misterb&b Hospitality · France | 2017 |
| Speexx EdTech · Germany | 2015 |
Ventech AsiadivestingVC2008€100M3 assets2 exitsVC2008 · 18yr€100M32
Unrealized
3 heldRealized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Blued TMT · China | 2015 | 2020 | IPO | – | – |
| OneRobotics Industrials · China | 2018 | 2025 | IPO | – | – |
Ventech EuropedivestingVC1998€670M35 assets28 exitsVC1998 · 28yr€670M3528
Unrealized
35 held| Company | Entry |
|---|---|
| 7Learnings AI/ML · Germany | 2022 |
| Albacross SaaS · Sweden | 2018 |
| Alpagga E-commerce · France | 2024 |
| AmberSearch Software · Germany | 2025 |
| Annette HealthTech · France | 2025 |
| Artur'In Software · France | 2018 |
| Asgoodasnew E-commerce · Germany | 2011 |
| Blidz Consumer · Finland | 2022 |
| Blify Software · France | 2026 |
| Bohr Energie ClimateTech · France | 2024 |
| Botify Software · France | 2016 |
| Bounti SaaS · Germany | 2026 |
| CeLLife ClimateTech · Finland | 2024 |
| Chattermill Data & Analytics · UK | 2020 |
| Chilli Energy · France | 2024 |
| ClimeFi ClimateTech · France | 2022 |
| Co-reactive ClimateTech · Germany | 2026 |
| Codasip Deep Tech · Germany | 2018 |
| Colette Consumer · France | 2021 |
| Credoxys Deep Tech · Germany | 2025 |
| Crobox Software · Netherlands | 2016 |
| Crossbeam Software · US | 2022 |
| Custom Surgical MedTech · Germany | 2026 |
| DiappyMed HealthTech · France | 2026 |
| DIFT Fintech · France | 2022 |
| Drimco AI/ML · Germany | 2025 |
| Firecell Telecom · France | 2024 |
| Lissi Cybersecurity · Germany | 2026 |
| Mendo AI/ML · France | 2026 |
| Naaia Software · France | 2026 |
| Prewave Software · Austria | 2020 |
| TaiSan Energy · UK | 2026 |
| Treon Software · Finland | 2019 |
| Veo Consumer · Denmark | 2019 |
| Vestiaire Collective E-commerce · France | 2010 |
Realized
28 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 365Talents HR Tech · France | 2018 | 2026 | Trade Sale | Docebo | – |
| 4stop Cybersecurity · Germany | 2019 | 2022 | Trade Sale | Jumio | – |
| Adikteev AdTech · France | 2013 | 2025 | MBO | AgilaCapital-backed founders MBO | – |
| Adore Me Consumer · US | 2012 | 2023 | Trade Sale | Victoria's Secret | – |
| Alapage Consumer · France | 1998 | 1999 | Trade Sale | Wanadoo / France Telecom | – |
| Altitude Telecom Telecom · France | 1999 | 2010 | Trade Sale | Completel / Numericable | – |
| Apryl HealthTech · Germany | 2022 | 2024 | Trade Sale | Progyny | – |
| Arkoon Cybersecurity · France | 2005 | 2013 | Trade Sale | Cassidian CyberSecurity (Airbus) | – |
| Arteris TMT · US | 2004 | 2021 | IPO | – | – |
| Ateme TMT · France | 2006 | 2014 | IPO | – | – |
| Believe TMT · France | 2008 | 2021 | IPO | Denis Ladegaillerie, EQT and TCV consortium | 36.0x |
| Blink Hospitality · Spain | 2012 | 2013 | Trade Sale | Groupon | – |
| Bonitasoft Software · France | 2009 | 2022 | Secondary | Fortino Capital | – |
| Bprocess Software · France | 2007 | 2011 | Trade Sale | SAP Ariba | – |
| Business & Decision Business Services · France | 1999 | 2018 | Trade Sale | Orange Business Services | – |
| Capcito Fintech · Sweden | 2019 | 2021 | Trade Sale | Fortnox | – |
| CloudSkiff Software · France | 2020 | 2021 | Trade Sale | Snyk | – |
| Crocus Technology TMT · US | 2006 | 2023 | Trade Sale | Allegro MicroSystems | – |
| CrossEngage SaaS · Germany | 2016 | 2023 | Trade Sale | Spotler Group | – |
| Curse Gaming · US | 2009 | 2016 | Trade Sale | Twitch / Amazon | – |
| Cyrano Software · France | 1998 | 2002 | Trade Sale | Quotium Technologies | – |
| FinTecSystems Fintech · Germany | 2016 | 2021 | Trade Sale | Tink | – |
| Kaisa SaaS · Sweden | 2016 | 2026 | Secondary | Monterro | – |
| Launchmetrics Software · US | 2008 | 2024 | Trade Sale | Lectra | – |
| Leocare InsurTech · France | 2021 | 2026 | Trade Sale | Belfius Group | – |
| ReachFive Cybersecurity · France | 2019 | 2024 | Trade Sale | Purse | – |
| StickyADS.tv AdTech · France | 2010 | 2016 | Trade Sale | FreeWheel (Comcast) | – |
| Withings MedTech · France | 2010 | 2016 | Trade Sale | Nokia | – |
About Ventech
Ventech is a venture capital platform based in Paris with €1 billion of assets under management as of December 2024 and a founding year of 1996. The firm targets European and selectively global technology companies across TMT, software, healthcare, industrials and business services, with capital deployed across early-stage and Series A/B rounds alongside institutional limited partners.
Investment thesis
The platform deploys venture capital into TMT, software, healthcare, industrials and business services 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 365Talents (saas, 2026), OneRobotics (e-commerce, 2025), Apryl (saas, 2024) and Crocus Technology (industrials, 2023). The platform tracks 2 fund vehicles, 29 active portfolio companies and 24 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does Ventech focus on?
- Ventech focuses on VC strategies in the private equity space.
- How many portfolio companies does Ventech have?
- Ventech has 65 active portfolio companies and 30 completed exits and 6 funds tracked on GP Intel.
- Where is Ventech headquartered?
- Ventech is headquartered in Paris, France.
- What is Ventech's assets under management?
- Ventech manages approximately €1.1B in assets under management.
- When was Ventech founded?
- Ventech was founded in 1998.
- What sectors does Ventech invest in?
- Ventech invests across TMT, Software, Consumer, Healthcare, Industrials, Energy, Financials.
- What are Ventech's recent exits?
- Recent realized exits by Ventech include: 365Talents (2026) to Docebo; Kaisa (2026) to Monterro; Leocare (2026) to Belfius Group; Adikteev (2025) to AgilaCapital-backed founders MBO; Apryl (2024) to Progyny; Launchmetrics (2024) to Lectra; ReachFive (2024) to Purse; Adore Me (2023) to Victoria's Secret.
Similar firms
Other private equity firms tracked on GP Intel.
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