Overview
Comprehensive banking, financing, investment, and protection solutions.
Deals · 12mo
15
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
AirTrunk | Oct 2026Participated | $981 MDebt | |
Capitolis | Oct 2026Participated | $220 MSeries E | |
Multiverse Computing | Jul 2026Led | $570 MSeries C | |
Turtlemint | Jun 2026Participated | $42 MOther Equity | |
Digital Asset | Jun 2026Participated | $355 MSeries F | |
Eclipse | Jun 2026Led | $23 MSeries A | |
Digital Edge | May 2026Led | $575 MDebt | |
Versana | Apr 2026Led | $43 MOther Equity | |
Mistral AI | Mar 2026Participated | $830 MDebt | |
Entrix | Mar 2026Participated | $50 MOther Equity | |
AirTrunk | Mar 2026Participated | $1.2 BDebt | |
Lifeaz | Feb 2026Participated | $15 MOther Equity | |
AirTrunk | Oct 2026Participated | $981 MDebt | |
Capitolis | Oct 2026Participated | $220 MSeries E | |
Multiverse Computing | Jul 2026Led | $570 MSeries C | |
Turtlemint | Jun 2026Participated | $42 MOther Equity | |
Digital Asset | Jun 2026Participated | $355 MSeries F | |
Eclipse | Jun 2026Led | $23 MSeries A | |
Digital Edge | May 2026Led | $575 MDebt | |
Versana | Apr 2026Led | $43 MOther Equity | |
Mistral AI | Mar 2026Participated | $830 MDebt | |
Entrix | Mar 2026Participated | $50 MOther Equity | |
AirTrunk | Mar 2026Participated | $1.2 BDebt | |
Lifeaz | Feb 2026Participated | $15 MOther Equity |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 2 | 3 |
| Series A | 4 | 8 |
| Series B | 4 | 9 |
| Series C+ | 1 | 7 |
| Other Equity | 10 | 35 |
| Debt | 5 | 18 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Sep '14 | 1 |
| Oct '14 | 0 |
| Nov '14 | 0 |
| Dec '14 | 0 |
| Jan '15 | 1 |
| Feb '15 | 0 |
| Mar '15 | 0 |
| Apr '15 | 0 |
| May '15 | 0 |
| Jun '15 | 0 |
| Jul '15 | 0 |
| Aug '15 | 0 |
| Sep '15 | 0 |
| Oct '15 | 0 |
| Nov '15 | 0 |
| Dec '15 | 0 |
| Jan '16 | 1 |
| Feb '16 | 0 |
| Mar '16 | 0 |
| Apr '16 | 0 |
| May '16 | 0 |
| Jun '16 | 0 |
| Jul '16 | 0 |
| Aug '16 | 1 |
| Sep '16 | 1 |
| Oct '16 | 0 |
| Nov '16 | 0 |
| Dec '16 | 1 |
| Jan '17 | 0 |
| Feb '17 | 0 |
| Mar '17 | 0 |
| Apr '17 | 0 |
| May '17 | 1 |
| Jun '17 | 1 |
| Jul '17 | 0 |
| Aug '17 | 0 |
| Sep '17 | 0 |
| Oct '17 | 0 |
| Nov '17 | 0 |
| Dec '17 | 0 |
| Jan '18 | 0 |
| Feb '18 | 0 |
| Mar '18 | 1 |
| Apr '18 | 0 |
| May '18 | 0 |
| Jun '18 | 1 |
| Jul '18 | 1 |
| Aug '18 | 0 |
| Sep '18 | 0 |
| Oct '18 | 1 |
| Nov '18 | 1 |
| Dec '18 | 0 |
| Jan '19 | 0 |
| Feb '19 | 1 |
| Mar '19 | 0 |
| Apr '19 | 0 |
| May '19 | 1 |
| Jun '19 | 1 |
| Jul '19 | 1 |
| Aug '19 | 1 |
| Sep '19 | 0 |
| Oct '19 | 0 |
| Nov '19 | 0 |
| Dec '19 | 1 |
| Jan '20 | 4 |
| Feb '20 | 0 |
| Mar '20 | 0 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 1 |
| Aug '20 | 0 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 1 |
| Jan '21 | 1 |
| Feb '21 | 1 |
| Mar '21 | 1 |
| Apr '21 | 1 |
| May '21 | 1 |
| Jun '21 | 0 |
| Jul '21 | 0 |
| Aug '21 | 0 |
| Sep '21 | 1 |
| Oct '21 | 0 |
| Nov '21 | 0 |
| Dec '21 | 0 |
| Jan '22 | 0 |
| Feb '22 | 2 |
| Mar '22 | 1 |
| Apr '22 | 0 |
| May '22 | 2 |
| Jun '22 | 0 |
| Jul '22 | 1 |
| Aug '22 | 0 |
| Sep '22 | 1 |
| Oct '22 | 1 |
| Nov '22 | 1 |
| Dec '22 | 1 |
| Jan '23 | 1 |
| Feb '23 | 3 |
| Mar '23 | 1 |
| Apr '23 | 0 |
| May '23 | 1 |
| Jun '23 | 1 |
| Jul '23 | 1 |
| Aug '23 | 1 |
| Sep '23 | 0 |
| Oct '23 | 1 |
| Nov '23 | 4 |
| Dec '23 | 2 |
| Jan '24 | 1 |
| Feb '24 | 1 |
| Mar '24 | 2 |
| Apr '24 | 5 |
| May '24 | 0 |
| Jun '24 | 2 |
| Jul '24 | 1 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 2 |
| Nov '24 | 2 |
| Dec '24 | 0 |
| Jan '25 | 1 |
| Feb '25 | 1 |
| Mar '25 | 0 |
| Apr '25 | 3 |
| May '25 | 1 |
| Jun '25 | 2 |
| Jul '25 | 0 |
| Aug '25 | 3 |
| Sep '25 | 4 |
| Oct '25 | 4 |
| Nov '25 | 0 |
| Dec '25 | 1 |
| Jan '26 | 1 |
| Feb '26 | 1 |
| Mar '26 | 3 |
| Apr '26 | 1 |
| May '26 | 1 |
| Jun '26 | 3 |
| Jul '26 | 1 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 2 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Fintech | 30 |
| Clean Energy & Sustainability | 28 |
| Enterprise Software | 19 |
| Data, Analytics & IT | 16 |
| AI & Machine Learning | 16 |
| Networks, Cloud & Communication | 15 |
| Professional Services | 15 |
| Hardware & Robotics | 12 |
| Health & Life Sciences | 9 |
| Space & Frontier Tech | 7 |
| Crypto & Blockchain | 7 |
| E-Commerce & Retail | 6 |
| Real Estate & Construction | 6 |
| Food & Agriculture | 6 |
| Transportation & Logistics | 5 |
| Manufacturing | 5 |
| Cybersecurity & Privacy | 4 |
| Developer Tools | 4 |
| Consumer & Lifestyle | 3 |
| Marketing & Advertising | 3 |
| Media & Entertainment | 2 |
| Travel & Hospitality | 1 |
| Education & Workforce | 1 |
| AR/VR | 1 |
| Gaming & eSports | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 17 |
| $5M-$10M | 6 |
| $10M-$25M | 23 |
| $25M-$50M | 17 |
| $50M-$100M | 13 |
| $100M-$250M | 16 |
| $250M-$500M | 5 |
| $500M-$1B | 7 |
| $1B+ | 2 |
Deals By Geography
Top 6 of 6 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| Europe | 74 |
| United States | 21 |
| India | 5 |
| Israel | 3 |
| Australia | 2 |
| Singapore | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| Bpifrance | 22 |
| Citi | 15 |
| J.P. Morgan | 14 |
| Société Générale | 13 |
| Goldman Sachs | 11 |
| Barclays | 10 |
| HSBC | 9 |
| Bank of America | 7 |
| Natixis | 7 |
| UBS | 7 |
| Banque Populaire | 5 |
| Burda Principal Investments | 5 |
| Crédit Agricole | 5 |
| Deutsche Bank | 5 |
| State Street | 5 |
| Wells Fargo | 5 |
| Credit Agricole CIB | 4 |
| DTCC | 4 |
| Morgan Stanley | 4 |
| MUFG | 4 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 26 | 25% |
| Participating | 80 | 75% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 10 | 38% |
| Co-led | 16 | 62% |
Team
Chief Executive Officer of BNL
Deputy Chief Operating Officer & Head of International Financial Services
Director and Chief Executive Officer
Deputy Chief Operating Officer
Manager ALM Treasury - Engines & Rates references (CIB IT & Operations – Middle Office)
Deputy Chief Operating Officer
Group Chief Operating Officer
Head of Group Origination
General Partner