The Venture Codex Logo

The Venture Codex

SPI fund

63 RUE VICTOR HUGO, MAISONS-ALFORT, ILE-DE-FRANCE, 94700, FRANCE

Overview

Financial solutions for companies preparing for stock exchange listing.

Founded

2012

Deals · 12mo

1

Links

WebsiteX (Twitter)

Stage focus

Series A
Series B
Series D

Geographic focus

France

Sector focus

Enterprise Software
Financial Services
FinTech
Internet of Things
...

Investment portfolio

5rounds
NAMEDATESIZE
KHIMOD
Jul 2026Participated
$26 MOther Equity
RDS
Sep 2025Led
$16 MSeries A
MagREEsource
Sep 2025Participated
$27 MOther Equity
Exotrail
Feb 2023Participated
$58 MSeries B
Aledia
Oct 2020Led
$94 MSeries D
KHIMOD
Jul 2026Participated
$26 MOther Equity
RDS
Sep 2025Led
$16 MSeries A
MagREEsource
Sep 2025Participated
$27 MOther Equity
Exotrail
Feb 2023Participated
$58 MSeries B
Aledia
Oct 2020Led
$94 MSeries D
5
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

SPI fund: 5 funding rounds are recorded in the selected participation categories.All available history.
SPI fund: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B01
Series C+10
Other Equity02

Monthly Deal Activity

SPI fund: 5 deals are recorded across 73 months.All available history.
SPI fund: 5 deals are recorded across 73 months. All available history
MonthDeals
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '252
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

SPI fund: Hardware & Robotics is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

SPI fund: Hardware & Robotics is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Hardware & Robotics3
Manufacturing2
Health & Life Sciences1
Clean Energy & Sustainability1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

SPI fund: 5 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

SPI fund: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M2
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

SPI fund: Europe has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

SPI fund: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
SPI fund: 20 co-investors are shown, with Bpifrance sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

SPI fund: 20 co-investors are shown, with Bpifrance sharing 2 recorded deals. All available history
Co-investorShared deals
Bpifrance2
Innovacom2
360 Capital Partners1
ALCEN1
Audacia1
Banque Populaire1
BNP Paribas1
BNP Paribas Développement1
CELAD1
Cr dit Agricole Alpes D eveloppement1
Critical Path Ventures1
Eurazeo1
FCPR Impact&Performance1
Finindus1
Fonds Régional Avenir Industrie Auvergne-Rhône-Alpes1
Intel Capital1
IRDI Capital Investissement1
iXO Private Equity1
Karista1
NATO Innovation Fund1

Investment Strategy

SPI fund: Led accounts for 40% and participating for 60% of round participation.All available history.
SPI fund: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led240%
Participating360%
SPI fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
SPI fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Adrien Neel

Investment Director

Chahra Louafi

Senior Investment Director

Francois Gerard

Director

Nicolas Dufourcq

CEO

Olivier Martinez

Investment Director

Paul-François Fournier

SEVP - Bpifrance Innovation

Philippe Boucheron

Deputy Chief Life Sciences Investment

Romain Serman

Executive Director Bpifrance USA