Participated · Equity · Apr 2026

Founded in 2023 in Pessac near Bordeaux, Luchrome develops Lusight™, an electrochromic, bistable e‑paper display printed by screen‑printing onto paper without solvents or rare metals. The technology, originating from academic research at the Institut de Chimie de la Matière Condensée de Bordeaux, is produced locally in Pessac and is claimed to consume ten times less energy, cost one‑third of conventional displays to produce and have up to sixty times lower environmental impact. Luchrome targets IoT applications including cold‑chain monitoring for high‑value pharmaceuticals, logistics labels, smart packaging and single‑use medical diagnostics, with a near‑term commercial goal of 25 million units and Lusight™ available for pre‑order in 2026. The company has formed a partnership with BeFC to pair its paper display with a compostable paper‑based battery and has been scaling manufacturing capacity with funds raised to acquire a second industrial tool.

Participated · Equity · Apr 2026

Founded in 2022 by aeronautical mechanic Anthony Charmarty, AC-Dismantling provides end-of-life handling for small aircraft including removal, methodical deconstruction and redistribution of parts and materials to recycling or reuse channels. The company positions itself as the only player in Europe focused on dismantling and recycling small general-aviation and business aircraft under 30 tonnes. To date it has deconstructed and valorized 15 aircraft. Operational activity moved from south Charente to a site adjacent to Pau-Pyrénées airport in April 2025, while the headquarters remain in Bordeaux. AC-Dismantling has obtained habilitations to work on military aircraft, including fighter jets, and plans to expand into foreign markets. The company currently employs seven people and plans to add about 25 hires over three years as it scales capacity.

Participated · Equity · Jun 2024

Netcarbon offers a SaaS platform that analyzes satellite images to quantify vegetation and identify land-use strategies to store more carbon, improve biodiversity, and enhance quality of life. The company serves the private sector, local authorities, and the agricultural sector. Its product produces measurements of current vegetation impact and builds optimization scenarios for better land management. Netcarbon aims to deploy its solution more widely to maximize impact. Near-term technical plans include improving satellite-based measurement precision and producing more relevant optimization scenarios for users. The company closed its first fundraising to support these developments.

Participated · Equity · May 2024

Ademeure builds off-site, wooden, low‑carbon modular buildings for residential and institutional projects. Founded in 2017 and led by Jonathan Duffié, the company began as a traditional wooden construction firm and shifted to industrialized modular production after investments from Enthéos and Genetio in 2021. It established its first factory in Langon in a former Airbus facility and historically focused on single-family homes while expanding B2B services for local authorities, social landlords, and developers. The company has secured projects in collective segments including nurseries, senior residences, emergency housing, and managed residences. Ademeure plans to accelerate sales, scale up production capacity, and continue innovation with industrial partners on materials and technical solutions. The recent €5 million round will finance production scaling, new development projects, and the creation of about forty new operator jobs at the site.

Participated · Equity · Feb 2024

Elixir Aircraft designs and manufactures carbon-fiber light aircraft aimed at flight schools and pilot training. The company has launched a new program named Equinox as part of its product roadmap. Management is pursuing an international growth strategy and began expanding into the United States shortly before this financing. Following the €45 million round, led by SPI with a €20 million contribution, Elixir plans to ramp production with a goal of delivering nearly 60 training aircraft per year by 2027. The company has previously attracted outside investors and continues to rely on external capital to scale operations.