NCI (WaterStart, NCITY)
Investor profile | Builders Republic
About
NCI is a Rouen‑headquartered, multi‑regional French PE/VC firm with offices in Paris, Lille and Rennes, investing across the northwest of France from seed (WaterStart Capital €39m; NCITY launched in 2022) to growth/LBO (RD5 €150m; RD6 launched 2025 with a €100m first close, targeting €150m).
Key facts
- Type
- Venture Capital
- Stages
- Seed,Series A
- Sectors
- Agnostic, B2B, B2C, Consumer, Business management software, Marketplace, Software/SaaS, Vertical SaaS, Advertising/Media, Agritech, AI & Automation, Beauty/Fashion, Blockchain/Crypto, Data & Infrastructure, Cyber & Security, Defense, Education, Energy, Fintech & Insurtech, Foodtech, Gaming, Hospitality/Tourism/Travel, Future of work/HR, Industry & Manufacturing, Legaltech/Regtech, Logistics/Supply chain, Martech, Mobility & Transportation, Proptech/Construction, Retail/Future of Commerce, Digital health, Deeptech, Smart cities
- Headquarters
- France
- Offices
- Paris,Rouen,Lille,Rennes
- Geographic focus
- France
- Lead / Follow
- Can lead and follow
- Founded
- 1999
Track record
- Portfolio companies: 30
- Total investments: 90
- Exits: 12
Notable investments in France
Upciti, Obat, Exotrail, Expliseat