Impact funds investing in France

Funds that back French startups with an environmental or social impact.

funds in this list
208
very active
57
at least 4 new investments in 12 months
French funds
179
foreign funds
29
Funds by sector

Funds investing in impact

9 representative funds, three per stage, picked from the 208 that made at least 2 new investments in this sector over 36 months. The rest of the list opens with a free account.

Pre-seed and seed

  • 50 Partners

    VC fund · Paris

    50 Partners is an accelerator combined with a management company approved by the AMF, created in Paris in 2012 by Jérôme Masurel, who…

    14 new impact investments in the last 36 months

    Pre-seed to Series A

  • Demea Invest (ex-Demeter Partners)

    VC fund · Paris, Lyon +3

    Demea Invest is an independent management company born from the merger of Demeter Investment Managers, a pioneer in ecological transition…

    14 new impact investments in the last 36 months

    Seed to Series A

  • Climate Club

    Angel network · Paris

    Climate Club is an investment club founded in 2023 in Paris, bringing together 150+ tech founders and climate experts from Backmarket…

    12 new impact investments in the last 36 months

    Pre-seed to Series A

Series A

  • UI Investissement

    Private equity fund · Paris, Rennes +7

    UI Investissement is one of the pioneering and independent players in private equity in France, with €1.7 billion under management and…

    24 new impact investments in the last 36 months

    Seed to Series B

  • Ring Capital

    VC fund · Paris

    Ring Capital is a mission-driven management company founded by Geoffroy Bragadir and Nicolas Celier, with €470M under management and three…

    20 new impact investments in the last 36 months

    Seed to Series B

  • Inco Ventures

    VC fund · Paris

    INCO Ventures is one of the pioneers of impact investing in Europe, active since 2011, with 120+ structures in its portfolio.

    10 new impact investments in the last 36 months

    Seed to Series A

Series B and beyond

  • Swen Capital Partners

    VC fund · Paris

    SWEN Capital Partners is a mission-driven management company founded in 2008, whose central thesis is radical: "putting investment at the…

    15 new impact investments in the last 36 months

    Series A to Series B

  • EIC (European Innovation Council)

    Public fund · Brussels

    The European Innovation Council (EIC) is the investment arm of the European Commission dedicated to breakthrough technologies, with a…

    14 new impact investments in the last 36 months

    Series A to Growth

  • Starquest

    VC fund · Paris

    Starquest Capital is a Paris-based venture capital management company founded in 2008 by Arnaud Delattre and Emmanuel Gaudé, specializing…

    6 new impact investments in the last 36 months

    Series A to Growth

199 more funds in this list. Create your free account to see every fund in this list, open their profiles and add the ones that fit you to your fundraising CRM.

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Frequently asked questions

How many funds back impact startups in France?

208 funds made at least 2 new impact investments over the last 36 months, based on the rounds tracked by Builders Republic: 179 are headquartered in France, 29 abroad. 57 are very active, with at least 4 new investments in the last 12 months across all sectors.

How many impact rounds are raised in France?

Over the last 36 months, Builders Republic tracked 730 impact rounds in France: 336 at pre-seed or seed, 190 at Series A and 88 at Series B or later. The remaining rounds have no stage or are other operations.

Which rounds count as impact?

Builders Republic tags a round as impact when the company’s business has a direct environmental or social effect: climate and energy, circular economy, inclusion, or healthcare when it treats, diagnoses or widens access to care. Software sold to healthcare professionals is not included.

How are the funds on this page chosen?

A fund enters the list once it has made at least 2 new impact investments over the last 36 months, based on the rounds tracked by Builders Republic. The sectors funds declare do not count: most of them declare almost all of them. Builders Republic then hand-picks three active funds per stage, placed according to the stages they declare. This is not a ranking. The figure on each card counts its new impact investments over the last 36 months, all stages combined.

How can I see the full list?

All 208 funds in this list show up on this page with a free account, and each one opens its profile: team, portfolio, latest investments. You can then add the ones that fit you to your fundraising CRM.

Other reference pages

More public pages on the French tech ecosystem.