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The Venture Codex

Evolem

4 Quai Saint Antoine, Lyon, Auvergne-Rhône-Alpes, 69002, France

Overview

Evolem is an evergreen fund sponsored by an entrepreneur with net worth > 850m€ (Bruno Rousset, Founder of April, listed insurance broker with 1B€ market cap). No external LP's, quick process and no exit deadline. We invest from 100k to 3M€ in french startup raising 500k€ to 10M€.

Total investments
23
Lead investments
2
Investments · 12mo
3
Active investors
2
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Investment portfolio

  • Innovorder

    Participated · Equity · Jun 2026

    Founded in 2014, Innovorder develops a cloud-native, all-in-one SaaS platform that supports order management, payments, kitchen operations, business management, customer loyalty, and AI-powered reporting. The company serves multiple segments including quick-service restaurants, bakeries, coffee shops, food courts, transport catering, and contract catering for schools, universities, hospitals, and corporate dining. Over the past 18 months it has built a dedicated AI team, deployed its first AI agents, and developed Atlas, a proprietary platform to automate operational and management tasks and integrate with existing systems. Innovorder reports it has been profitable since 2024, achieves roughly 40% annual organic growth, and expects to reach €15 million in revenue in 2026. The company plans to use new capital to accelerate European expansion, further product and AI development, and pursue potential acquisitions to strengthen its market position.

  • Losanje

    Participated · Equity · May 2026

    Founded in 2020 and based in Nevers, Losanje designs and produces clothing made from recovered materials through upcycling. The company has invested prior proceeds into R&D and the deployment of an industrial tool to support production. With a recent €6.7 million raise on top of a €2.7 million 2023 round, Losanje is targeting consolidation and structuring of its value chain. Management aims to use the new funding to enable large-scale production projects for partner brands. The articles do not provide revenue, user metrics, or details on investors.

  • Kimialys

    Participated · Series A · Dec 2025

    Founded in 2020, Kimialys has created and commercializes an innovative chemistry-based platform that functionalizes surfaces such as nanoparticles, biopuces and electrodes for in-vitro diagnostic and analytical applications. By improving surface treatment, the company aims to boost the sensitivity and reliability of diagnostic tests. The newly raised capital will enable Kimialys to finalize the industrialization of its processes and scale up production capacity. It also plans to launch an initial catalog of ready-to-use kits, broadening its product offering. A portion of the funds will be directed toward intensifying international commercial efforts. Although specific revenue or user metrics are not disclosed, the Series A round indicates investor confidence in the company’s commercialization and growth trajectory.

  • Fungu'it

    Participated · Equity · Jun 2025

    Fungu'it uses filamentous fungi and an innovative solid-state fermentation process to upcycle agricultural by-products (flaxseed and sunflower press cakes, legumes) into natural, high-value flavourings. Its flagship ingredients include a meaty umami flavor for plant-based alternatives and a chocolate flavor that can reduce cocoa use by up to 25%, lowering deforestation risk and CO₂ emissions. The process is resource-efficient and significantly reduces water and energy consumption compared with traditional production. Founded in 2022 and led by CEO and co-founder Anas Erridaoui, the startup has stabilized two key ingredients and is targeting the fast-growing plant-based alternatives segment. Fungu'it raised €4 million to industrialize and scale its technology. The company plans to build an industrial pilot plant (several dozen tons per year capacity), patent and industrialise its process, develop a database from hundreds of strain/by-product tests, and strengthen its sales team to accelerate commercialisation.

  • Socium

    Participated · Seed · Nov 2024

    Founded in 2021 by Samba Lo and Serigne Seye, Socium began as a recruitment website and has since expanded into a global HR platform serving Francophone Africa. The product enables clients to recruit, run payroll, manage time and performance, and automate mundane HR tasks. Socium built a payroll engine that handles the region’s complex calculations and claims it can launch in a new country within two weeks, faster than foreign-based solutions. The platform uses AI to score and match CVs to job offers and to aid in writing job descriptions. Socium says it has over 100 active clients across 10 industries and 15 countries and is leveraging a first-mover advantage in Francophone Africa. Future plans include continued expansion across the 21 Francophone African countries and integration with tax agencies to automate tax and regulatory filings.

Team