The Venture Codex Logo

The Venture Codex

ID4 Ventures

Paris, Île-de-France, France

Overview

Id4 ventures is a venture capital investment firm focusing on early-stage startups in the European ecosystem.

Total investments
13
Lead investments
6
Investments · 12mo
1
Active investors
5

Sector focus

  • Venture Capital
Visit website

Investment portfolio

  • Orbital Paradigm

    Participated · Seed · Sep 2025

    Orbital Paradigm is developing reusable reentry capsules to enable repeated orbital return missions for customers seeking microgravity test cycles. In less than two years the nine-person team built a test vehicle called KID (about 25 kg and roughly 16 inches across) with no propulsion. KID is a deliberately minimal, non-recoverable demonstration designed to separate from a rocket, transmit data from orbit, survive hypersonic reentry heating and ping home before impact. The company plans a second mission in 2026 featuring a scaled-down Kestrel with propulsion and a parachute to enable recovery in the Azores. Target customers include institutions and startups in biotech and materials that require multiple flights per year; initial KID customers named in the articles are Alatyr and Leibniz University Hannover plus a third unnamed customer. To date Orbital Paradigm has raised €1.5 million in seed funding from Id4, Demium, Pinama, Evercurious and Akka, and built KID with less than €1 million of internal spend.

  • Le Fourgon

    Led · Series A · Jan 2025

    Le Fourgon operates a door-to-door service that delivers products in returnable glass and reusable containers, collects empties on the next delivery, cleans them, and reuses them up to 40 times. The company has built assortments across groceries, household and personal-care categories and serves customers via a website and mobile app with electric-vehicle delivery. Since launch it serves 65k customers across 20 French cities (over 2,500 towns), has prevented over 25 million single-use bottles and containers (about 9,250 tonnes of plastic) and aims to reuse 100 million containers by 2028. Financially, the startup completed a €8.2M extension to its Series A following a prior €10M Series A in November 2023. Planned uses for the new capital include expanding returnable product ranges, opening in two new towns in H1 2025, developing its B2B offering (currently 12% of its business) and recruiting 100 employees to support growth. The company was founded in 2021 by Charles Christory, Stéphane Dessein and Maxime Tharin and is focused on scaling reuse as an alternative to single-use packaging. Le Fourgon operates a returnable-container delivery service in France, offering a range of local and reusable products delivered door-to-door via an app and website. Over the past two and a half years it has built operations in more than 2,000 French cities and serves 40,000 customers. Customers use containers that are washed and reused up to 40 times; the company says it has helped avoid over 10 million single-use bottles and containers, representing over 300 tonnes of plastic. Le Fourgon plans to reuse 50 million containers within the next two years. The company will use the funding to expand geographic coverage, grow its private-label returnable ranges of beverages, food and household products, develop a B2B offering, and recruit new staff. Financially, Le Fourgon announced a €10M Series A, bringing total investments to €17.5M including €3M raised via crowdfunding earlier this year.

  • Northbound

    Participated · Seed · Jul 2024

    Northbound provides a SaaS platform designed to optimize operational control across the container supply chain, streamlining flows from ports to warehouses. Its software targets common pain points such as demurrage and detention (D&D), capacity constraints, and missed delivery commitments to prevent costly inefficiencies. The platform uses automation and analytics to reduce the risk of multi-million-euro D&D charges and delayed deliveries. The company plans to enhance its SaaS product and expand AI capabilities to improve operational predictions and decision-making. Northbound intends to grow its team with hires in go-to-market and software engineering and to accelerate customer acquisition. The business recently raised funding to support these product and growth initiatives.

  • ThinkSono

    Led · Equity · Mar 2024

    ThinkSono develops ultrasound AI guidance software called Guidance that enables non-ultrasound trained healthcare staff to scan patients suspected of deep vein thrombosis (DVT) and send data for qualified clinician review. The product aims to improve the clinical pathway for DVT, which the article notes is a leading cause of preventable hospital death worldwide. ThinkSono has partnered with hospitals across Europe, including in the UK, Germany and Greece, and announced strategic partnerships with NYU Langone Health and Temple Health. The company is led by CEO Fouad Al Noor. ThinkSono raised £2.1M in funding and intends to use the proceeds to expand operations and its R&D sector.

  • Amalia.io

    Participated · Equity · Jan 2023

    Amalia.io is a no-code sales compensation platform that automates calculation of performance-based pay and gives real-time visibility into incentive metrics. The product integrates with CRM and back-of-house systems and offers out-of-the-box SQL querying to reduce friction for sales force engineers. Its stated aim is to increase transparency and eliminate speculation about pay by modeling complex compensation plans instantly. Since starting in 2019 and operating out of Lille, France, Amalia.io has attracted over 30 customers across the Nordics, the UK and domestic French enterprises, including Swile. The company was founded by Idriss Boumaza and Maxime Grandjean and is expanding its team, planning to hire about 30 people across marketing, sales, customer success, product and tech. After hiring, it expects to deepen the software's sales-performance features to widen its client base.

Team