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 · Sep 2023

numa, formerly Cosi, is a Berlin-based digital hospitality startup founded in 2019 that rents rooms and apartments to short-term travelers. The company operates like a classic hotel chain but omits services such as breakfast and a staffed reception to streamline operations. Founders include Christian Gaiser, Dimitri Chandogin, Gerhard Maringer and Inga Svinhufvud Laudiero. numa raised $59 million in a financing from Verlinvest, Cape Capital and existing investors, and was valued at around $300 million according to Handelsblatt. Management says it will use the additional network and financial firepower to grow its digital hospitality platform to run both serviced apartments and hotels. Prior to this round the company had previously raised $45 million from investors including DN Capital, Headline, Cherry Ventures, Soravia, Kreos Capital, TruVenturo and Scope Hanson. NUMA Group is a boutique hotel technology platform that partners with investors, property owners, developers and hotel operators to create technology-enabled units and manage them via a full-stack hospitality offering. It operates roughly 2,500 units across Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna and expanded into Spain, Italy, Austria and the Czech Republic in 2021. NUMA's platform automates business processes, applies intelligent pricing and aims to increase occupancy and operator profits. It also offers “NUMA go”, a tech-franchise solution that provides third-party hoteliers with its tech stack for a percentage of revenue. The company used the pandemic to prove its model, reporting 500% revenue growth and 85% booking occupancy. Leadership has stated the goal of establishing NUMA as the dominant technology and creative solution provider for a new generation of hotels in Europe.

Led · Series A · Sep 2023

Kern Tec, founded in 2019 in Austria, uses patented processing technologies to crack stone fruit pits and extract apricot, cherry and plum kernels into oils, protein powders and milk. Its core products target plant-based dairy and confectionery markets, and the company retails an apricot kernel milk under the Wunderkern brand at €2.66 per liter in Austrian supermarkets. Kern Tec positions its apricot kernel ingredient as nutritionally and organoleptically similar to almond but allergy-free and requiring far less water to produce; regulators note kernels are historically consumed in Europe when processed or cooked. The company reports it has processed so far over 2,5000 tonnes of pits (equivalent to 40,000 tonnes of stone fruit) and expects an annual processing capacity of about 20,000 tonnes of fruit pits, equivalent to roughly 150 million liters of plant-based milk. Management says it has signed purchase orders worth millions of dollars in revenues over coming years and will use new funding to upscale production and commercialisation. Kern Tec practices a zero-waste approach by repurposing residual biomass for landscaping and soil uses, and plans expansion into Switzerland, Poland, Italy and Germany.

Participated · Equity · Jul 2021

Gaïago produces biological crop-input products—prebiotics that stimulate beneficial fungi and improve soil structure, and probiotics that fix nitrogen and enhance root nutrition—designed to unlock the soil and plant microbiome. The company’s ingredients are natural and intended to increase yields while reducing chemical fertilizer and pesticide use, with potential co-benefits for carbon capture. Gaïago plans to use new funding to strengthen its database and technical capabilities, register products across Europe, and recruit 120 employees over the next three years to support farmers and partners. The startup says product trials, including on a family farm, showed yield increases of about 15% and improved crop quality when replacing chemical seed treatments. The business positions itself at the centre of regenerative agriculture and agro-ecology, targeting soil health restoration across European farms.

Led · Series A · May 2020

Founded by Mohamed Gastli and Syrine Chaalala, Paris- and Tunis-based nextProtein upcycles low-value agricultural and food byproducts into three core offerings: nextMeal protein powder, nextOil insect oil, and nextGrow organic fertilizer. The company relies on Black Soldier Fly larvae and a rigorously optimized feedstock recipe—tested across more than 100 ingredients—to achieve competitive feed conversion ratios while keeping CAPEX and OPEX low. Its products aim to replace resource-intensive commodities such as fishmeal and soy, offering a circular, lower-carbon alternative for global animal-feed supply chains. Proceeds from its latest raise will finance construction of a second, large-scale facility in Tunisia that is designed to output 12,000 tons of insect-based ingredients annually, including 2,500 tons of protein powder. Management believes achieving industrial scale and cost parity will move insect protein from niche to mainstream adoption. The company’s capital-efficient model and continuous R&D give it confidence to compete on both cost and reliability with traditional feed ingredients.