Participated · Series B · Jan 2024

Electra builds and operates ultra-fast EV charging stations, offering a full-stack solution that includes in-house charger operating software, a consumer app, and a fleet management platform. The company currently runs more than 500 stations comprising over 3,000 active charging points and serves 500+ commercial fleets. Electra plans to scale its footprint to 2,200 stations and 15,000 high-power charging points by 2030, focusing on dense urban areas, transit hubs, business districts, and major traffic corridors. Each site is being developed into an intelligent energy hub that can integrate battery storage and solar generation to optimise grid load and energy costs. The company participates in the Spark Alliance, giving its users access to over 11,000 compatible chargers across Europe. Since inception Electra has raised more than €1 billion, including over €600 million in equity and the newly secured green loan facility, to fund the roughly €1.1 billion of infrastructure investment required for its roadmap. Management prioritises deep market leadership in its existing nine countries over rapid geographic overextension, while remaining open to opportunistic M&A that meets strategic and cultural fit criteria.

Participated · Equity · Dec 2019

InterCloud is a Paris-founded (2010) provider of software-defined cloud interconnection (SDCI) and private connectivity solutions that optimize, automate and secure end-to-end access to cloud applications and data. Its platform leverages advanced network management, a robust connectivity backbone, and partnerships with major cloud service providers to guarantee performance, security and control. The company positions itself as a pioneer in the SDCI market and serves large European enterprises with global cloud connectivity services. InterCloud plans to expand its services offering, accelerate R&D, strengthen partnerships, and pursue growth via acquisitions. The company also intends to grow its international sales force, beginning in Europe with around fifty sales staff planned for 2022. The latest financing brings its total funding to €138 million and will be used to finance external growth and further product development. InterCloud provides a Software-Defined Cloud Interconnect (SDCI) platform that delivers fully managed, end-to-end turnkey services to interconnect multi-cloud resources at scale. Its platform offers enterprise-grade solutions with advanced security and performance functions, giving customers greater visibility, control and confidence over cloud application traffic. InterCloud works with global enterprises to deploy resources across multi-cloud environments and counts clients such as Airbus, Schneider Electric and Sodexo. The company emphasizes a turnkey managed service model that simplifies infrastructure and converges telecom, IT and security through open, automated software solutions. The recent €22 million financing led by Orange Digital Ventures will bolster its financial position to support commercial expansion. Management says proceeds will accelerate European deployment and the development of new services and international growth. InterCloud provides enterprises with a cloud delivery platform that enables control over the global delivery of their cloud applications. The platform specializes in cloud connectivity for SaaS platforms such as Salesforce, PaaS platforms such as Microsoft Azure, and IaaS such as Amazon Web Services. The company was co-founded by Jerome Dilouya (CEO), Antoine Valat (General Manager) and Benjamin Ryzman (CTO). InterCloud is headquartered in Paris, France. The company raised €10m in funding and intends to use the proceeds to continue to expand its customer base and grow operations. InterCloud offers enterprises a unique, dedicated connection to major cloud providers (Salesforce, Microsoft, AWS) that guarantees quality of service, security, and access control. The company operates its own global network to provide private end-to-end connectivity so customer data does not transit the public Internet. InterCloud already serves more than 30 clients, including Schneider Electric and Société Générale, and is present in Europe, Asia and the United States. Over the past 12 months the company reported steady revenue growth of nearly 10% per month. The new funding is intended to accelerate international expansion and strengthen R&D to deliver additional optimization, security and application-visibility services. Management plans to double its client portfolio next year and to hire new experts over the coming 15 months to support that expansion.

Led · Equity · Nov 2018

BlaBlaCar’s core product matches drivers with empty seats to passengers and combines carpooling with bus journeys from thousands of operators, offering multimodal travel in one app. The platform serves 27 million active members a year across 21 countries and saw 80 million passenger bookings in 2023, with particularly strong growth in India and Brazil (Brazil became its leading carpooling market in 2023). The company reported €253 million in revenue in 2023, a 29% increase year‑on‑year, and has been profitable for the past 24 months, closing 2023 with positive EBITDA. BlaBlaCar says its services reduced travel’s carbon footprint by 2 million tonnes of CO2 in 2023. The company is consolidating a multimodal strategy and pursuing M&A as a growth lever, having previously acquired Ouibus in 2019 and Busfor in other markets. Management plans to use new financing and continued innovation to accelerate market leadership and expand its bus and carpool marketplace. BlaBlaCar runs a community-driven platform that fills empty seats on the road by connecting carpoolers and selling long-distance bus tickets. The company claims over 90 million members across 22 markets and says its network saves 1.6M tons of CO2 annually. BlaBlaCar reports double-digit growth in bookings for carpool and bus outside Europe and that activity outside Europe represents well over half of its business. Management says the business entered the funding round with an already strong balance sheet and the new capital will support fast growth and M&A to accelerate offline-to-online transitions for ground transportation. The company plans to double the size of its bus network over the next 18 months and expand its multimodal offering to include trains. BlaBlaCar has been pursuing acquisitions in the region to build online inventory of third-party bus operators and digitalise carriers. BlaBlaCar is a carpooling marketplace that connects drivers and passengers for long-distance rides. The company is acquiring Ouibus, the bus division of France’s national railway company SNCF, to add long-distance bus services to its platform. BlaBlaCar ran a six-month test with Ouibus on popular corridors and will now operate Ouibus services going forward. As part of the deal, SNCF and existing BlaBlaCar investors are contributing a new $114 million (€101 million) investment, and SNCF becomes an investor. Ouibus has carried more than 12 million passengers but has been relentlessly losing money, which creates financial risk for the combined business. BlaBlaCar has 65 million users in 22 countries and is about to reach profitability, positioning it to become a broader marketplace for road travel. The success of the expansion will depend on product integrations across BlaBlaCar, OUI.sncf and other platforms and on adjusting the contractor-reliant bus offering. BlaBlaCar operates a long-distance ride-sharing platform and claims 25 million members worldwide. This year the company expanded into 20 countries, with especially fast growth in emerging markets such as Russia and India. Co‑founder and COO Nicolas Brusson said at least half of recent growth came from those emerging markets. The company has completed eight acquisitions to accelerate its international expansion. Financially, BlaBlaCar pulled in $200 million this year, is valued at $1.6 billion on paper, and reports $336.52 million in the bank. Brusson said the team will consider an IPO if it makes strategic sense but intends to keep raising capital to fund rapid global growth. BlaBlaCar operates an online marketplace that lets drivers list long-distance trips and riders book seats in advance, with the company taking about a 10% cut per ride. The service positions itself as much cheaper than trains or planes (the average 200-mile ride costs about $25) and benefits from network effects that improve ride availability as membership grows. As of the article, BlaBlaCar operates in 12 countries and has 8 million members and roughly one million monthly active users (an active user is someone who shared a ride in the last month). The company reports no legal issues because it promotes a revenue-sharing model rather than profit-seeking commercial transport. Management chose to use new funding to expand internationally rather than immediately optimize for profitability, targeting markets such as Turkey, India, Brazil and Eastern Europe and opening local offices. Founded in 2004 as Covoiturage.fr, BlaBlaCar has scaled via small acquisitions and local teams to capture market share.

Participated · Series C · May 2018

Platform.sh offers an end-to-end platform that abstracts web app infrastructure, enabling development teams to build, host and scale websites and web applications while reducing the need for IT and cloud operations. The platform supports multiple languages and frameworks, provides a dashboard for managing databases and workflows, creates production replicas for testing and sharing, and versions infrastructure changes while resolving build dependencies and tests automatically. Founded in 2015 by Fred Plais, Damien Tournoud and Ori Pekelman, the company serves roughly 5,000 customers including Adobe, Nestlé, the Financial Times and the U.S. Chamber of Commerce, as well as universities and government organizations. Platform.sh reports $45 million in annual recurring revenue, up 50% from 2021. It currently has around 340 employees and plans to grow to over 400 in the next year, focusing hires in North America and Western Europe. The company has offices in France, Germany, the U.S. and the U.K., and says it will use recent funding to hire and "double down" on automation. Platform.sh is an idea-to-cloud application platform that simplifies cloud infrastructures with git-driven technology to develop, test, deploy and run cloud-based web applications. It supports enterprise-scale production environments with an automated cloud and rapid cloning technology that can spin up exact clones of live web applications in less than 60 seconds. The platform reports a 90% reduction in DevOps efforts versus DIY solutions and 40% improved productivity compared with managed hosting providers. More than 650 enterprise customers and thousands of self-serve and enterprise customers worldwide use Platform.sh, including Magento, Gap Inc., The Financial Times, the British Council and Hachette Book Group. The company reported 110% year-over-year revenue growth and plans to use the new funding to accelerate its go-to-market strategy in North America and support its rapidly growing customer base. Platform.sh is headquartered in Paris and San Francisco and positions itself to unify production, testing and development workflows across industry verticals.

Led · Equity · Mar 2018

Ermeo, founded in 2015 and based in Paris, offers a SaaS software solution and mobile app designed to optimize industrial equipment maintenance operations. Its core features include a business process management module to digitize field workflows, a field application that gives technicians a 360° view of equipment during inspections, and integrations with existing tools (GED, CMMS, basic databases and sensor databases) to provide contextualized views. The product is used by over 40 key account customers, including SNCF, Total, Engie, Atalian, Sodexo and Eiffage. The company employs 25 people. Ermeo raised funding to support growth in France and pursue internationalization. The recent financing strengthened its position to expand sales and deployment of its maintenance platform.