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The Venture Codex

Jolt Capital

56-58 rue de Ponthieu, Paris, Île-de-France, 75008, France

Overview

Jolt Capital is a fully independent Private Equity firm targeting growth investments in mid-sized European technology companies, typically with revenues between €10million and €100million. Founded in 2011, the firm is authorized and regulated by AMF (Autorité des Marchés Financiers) and led by Jean Schmitt and a very experienced team. As industry insiders, Jolt Capital has an ingrained understanding of the scaling constraints facing SMEs originating in Europe, from both an operational and financing perspective. As such, Jolt Capital enables and catalyzes the requisite expansion by financing Working Capital, CAPEX, and strengthening Balance Sheets, while facilitating operational and capital efficiency with strategic guidance across Intellectual Property (IP), Internal Processes, Partnerships, Talent, Board Membership, M&A, and more. It is a fast growing technology companies in Europe need to finance their working capital in order to scale effectively in competitive markets. Despite their robustness, limited access to bank financing is a recurring constraint on company growth. Jolt Capital partners with these great companies by filling this gap with mutually beneficial equity investments. Growing technology companies routinely require significant capex across the organization in areas such as manufacturing, servers, facilities, testing, etc. Jolt Capital supports companies in their Capital Expenditures on the path to sustainable growth and profitability. Jolt Capital fosters European mid-size companies’ growth and profitability by financing their working capital, capex, external growth strategies and overall strengthening their balance sheet, in an approach that is mutually favorable to Jolt’s investors, Jolt’s portfolio companies, and Europe as a whole.

Total investments
16
Lead investments
15
Investments · 12mo
2
Active investors
8

Sector focus

  • Financial Services
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Investment portfolio

  • Tempress

    Led · Equity · Jul 2026

    Tempress develops and supplies thermal process equipment used in diffusion, deposition and oxidation processes for semiconductor applications including power chips, photonics, MEMS and silicon carbide (SiC). The company is based in Vaassen and has nearly sixty years of experience serving chip manufacturers and research institutes worldwide. Tempress recently acquired SPT Microtechnologies USA, adding vertical ovens and subsidiaries in Germany and Taiwan to its portfolio. Management expects the combined business to deliver synergies in product development, manufacturing efficiency and global service. The company is supported by investors Jolt Capital and Innovation Industries as it pursues a broader international platform in semiconductor equipment.

  • P2i

    Led · Equity · Oct 2025

    Founded in 2004, P2i has built a proprietary plasma-enhanced vapor deposition process that applies ultra-thin, PFAS-free coatings capable of withstanding continuous immersion (IPx8). The company’s technology has been used to protect more than one billion electronic devices worldwide through a factory-in-factory service model targeting a €2 billion protective-coatings market projected for 2026. P2i holds a portfolio of 90 patents across eight families and has successfully defended its IP in multiple disputes. Operating with over 100 employees, it runs main sites in the United Kingdom and China as well as manufacturing service locations in Vietnam, India and the United States. The coatings improve product durability, reduce solvent use and lower waste, aligning with tightening environmental standards. Management plans to use new capital to expand into additional markets and deepen support for existing customers, leveraging Jolt Capital’s operational expertise and financial backing.

  • ChapsVision

    Led · Equity · Nov 2024

    ChapsVision provides an AI-enriched software suite and a massive, heterogeneous data operating system (ArgonOS) to help businesses and public authorities extract actionable insights from large and varied datasets. The company recently acquired Sinequa to add enterprise search and Retrieval-Augmented Generation (RAG) capabilities and to integrate Sinequa’s generative-AI-augmented research technology into ArgonOS. ChapsVision serves data-intensive industries including manufacturing, life sciences, financial services, and aerospace and defense, and emphasizes large R&D investments and international acquisitions. The acquisition and new funding are intended to accelerate product enhancements, R&D and international expansion—particularly across Europe and North America. As of the article, ChapsVision was created in 2019, has nearly 1,000 employees and about 1,000 major clients, and is targeting turnover of more than €200 million in 2024.

  • NIL Technology ApS

    Participated · Equity · May 2024

    NIL Technology designs, develops, and manufactures optical elements and components—including metalenses and other meta-optics—using high-precision nanoscale features and vertically integrated production. Its flat camera lenses and optical components target next-generation sensing, imaging, and 3D sensing applications for smartphones, consumer products, AR/MR, robotics, and automotive markets. The company says its solutions improve performance, efficiency, compactness, and material consumption and has consistently reported high transmission efficiencies for metalenses. NIL Technology was founded in Denmark by Theodor Nielsen and Brian Bilenberg and recently published research in Nature Communications Physics demonstrating that experimental performance is closing the gap with theoretical promises. It has raised €29 million in new capital to scale manufacturing capabilities and meet higher-volume customer requests. Management emphasizes ramping mass production through proprietary technologies and a long-term commitment to advanced nanostructures to serve growing customer demand. NIL Technology is an optical solutions company based in Copenhagen, Denmark, led by founder and CEO Theodor Nielsen. It designs, develops and manufactures optical elements and components using high-precision nanoscale features, employing diffractive optical elements and metalenses. Its product portfolio includes diffusers, fan-outs, collimators, focusing lenses and technology for making planar waveguides. Target applications include 3D sensing, consumer electronics, machine vision, autonomous vehicles and VR/AR displays. The company raised €26m (USD $31m) to accelerate mass production capabilities and expand product development efforts. NILT intends to use the funds to strengthen development of its metalens technology to simplify optics, reduce size and improve quality across optical component use cases. Founded in 2006 by Theodor Nielsen, NIL Technology specializes in nanopatterning and nanoimprint lithography for industrial customers. The company develops nano- and micro-optical systems and nanopatterning solutions for sensor and optical applications. It has served more than 300 different customers globally. NIL’s technologies have applications across mobile devices, IoT, AR/VR, displays and automotive. The company is based in Copenhagen, Denmark and Gothenburg, Sweden. It plans to use new capital to expand R&D, production capacity and its sales presence.

  • Evum Motors

    Led · Equity · Dec 2023

    EVUM Motors designs and manufactures robust all-electric utility vehicles, including its aCar commercial vehicle. Founded as a Technical University of Munich spin‑off in 2017, the Munich‑headquartered company operates a production facility in Bayerbach. The aCar entered production at the end of 2020 and uses parts from well‑known European manufacturers. EVUM has delivered nearly 1,000 vehicles to niche markets such as municipalities, agriculture, and industry. The company targets electrification of utility fleets and originally built the aCar concept for Africa and other emerging markets. Management plans to expand production capacity, sales and service footprint across Germany and Europe and to develop smart energy solutions for its vehicles.

Team