Capagro
Capagro is the first European independent venture capital fund dedicated to AgTech and FoodTech, managing €260M+ across two fund vintages from its Paris headquarters. It invests €2–12M per company into European agri-food tech startups, leveraging a network of 13+ industrial and financial LP partners for commercial validation and market access.
- Company typePrivate
- Founded2014
- HeadquartersParis, France
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Capagro does
Capagro is a Paris-based, AMF-licensed venture capital fund manager structured as a Société par Actions Simplifiée (SAS) under French law. Founded in 2014, it operates as the first European independent VC fund dedicated exclusively to AgTech and FoodTech. The firm manages two fund vehicles: Capagro Fund I (€124M, launched 2014, 13 portfolio companies) and Capagro Agri-Food Innovation Fund II (target €200M, launched September 2022, having surpassed €115M in commitments by November 2024). Total assets under management exceed €260M across the two vehicles.
The firm's core 'product' is capital deployment into early-growth European AgTech and FoodTech startups, with initial equity tickets of €2–6M (Fund I) and €3–10M (Fund II), and total investment capacity up to €12M per company across multiple rounds. Capagro's investment scope spans the full agri-food value chain — autonomous agricultural robotics (Naïo Technologies, Ecorobotix), specialty ingredients and alternative proteins, biosolutions and biocontrol (Agriodor), personalized nutrition (Cuure), regenerative agriculture (UBEES), animal health (Phagos), digital livestock management (Nofence), and food e-commerce (La Belle Vie). Underpinning the fund product is a proprietary Open Innovation Platform that connects portfolio companies with 13+ industrial and financial LP partners — including Avril, Bel Group, Crédit Agricole, Tereos, Terrena, Bpifrance, LSDH, Euralis, and Crédit Mutuel Impact — providing commercial validation, market access, and sector expertise that purely financial VCs cannot replicate.
Capagro's revenue model follows standard European VC economics: management fees on committed/invested capital (typically 1.5–2.0% of AUM) supplemented by carried interest on realizations. The firm has disclosed portfolio outcomes of >3x revenue growth across portfolio companies and >4x third-party co-investment leverage, with 560+ jobs created. Ownership is distributed among founding partners and industrial LPs; the firm holds B Corp certification (April 2023), SFDR Article 9 status, Tibi II label (January 2024), AMF authorization (GP14000005), and is a PRI signatory. The leadership team comprises President & MD Tom Espiard-Cignaco, MDs Anne-Valérie Bach, Bor Boer (joined January 2026), and Xin Ma (joined June 2023), supported by Investment Director Maxime Walter and senior advisors Michel Boucly and Gilles Mettetal.
Capagro firmographics
Firmographics- Name
- Capagro
- Legal name
- CAPAGRO, Société par Actions Simplifiée
- Website
- https://capagro.fr
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Capagro is the first European independent venture capital fund dedicated to AgTech and FoodTech, managing €260M+ across two fund vintages from its Paris headquarters. It invests €2–12M per company into European agri-food tech startups, leveraging a network of 13+ industrial and financial LP partners for commercial validation and market access.
- Ownership category
- akta.pro rank
Capagro industry classification
Industry- Product category
- Venture Capital
- NAICS
- Other Financial Vehicles (52599), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sustainable Agriculture & Food Systems Funds (FSANAJAE)
- akta.pro secondary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where Capagro is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Capagro business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Distribution channels1 record
Marketing channels4 records
Capagro product offering
Product offeringCore offering
Capagro is the first European independent venture capital fund dedicated to AgTech and FoodTech. It manages two funds (Capagro I and Capagro Agri-Food Innovation Fund II) that deploy €2-12 million of equity capital into early-growth startups across the agri-food value chain, from autonomous AgRobotics and specialty ingredients to healthy food, e-commerce, biosolutions, alternative proteins, and precision agriculture. The firm supplements capital with strategic support through a network of industrial and financial partners.
Product overview
Capagro operates as a venture capital fund management company offering two distinct investment fund products: Capagro Fund I (€124M, launched 2014) and Capagro Agri-Food Innovation Fund II (target €200M, launched 2022). The funds are structured as investment vehicles providing capital between €2-12M to early-growth AgTech and FoodTech companies. Supporting these core fund products is an open innovation platform that connects portfolio companies with major agricultural and food industry partners (Avril, Bel, Terrena, Euralis, Bpifrance, Crédit Agricole) to facilitate strategic synergies and technology adoption. The fund leverages scientific and business expertise to accelerate portfolio company growth across the entire agri-food value chain.
Differentiator
Problem solved
Functional benefit
Products and services
- Capagro Fund I The first European venture capital fund dedicated to AgTech and FoodTech, launched in 2014 with €124 million under management. It invests €2-12 million in early-growth companies across the agri-food value chain.
- Capagro Agri-Food Innovation Fund II Successor fund launched in September 2022 targeting €200 million to support growth of promising European AgTech and FoodTech startups, with initial investments between €3-10 million in approximately 15 companies. The fund is classified as SFDR Article 9 for sustainable impact.
- Open Innovation Platform A proprietary platform that connects Capagro's portfolio companies with industrial and financial partners including Avril Group, Bel Group, LSDH, Terrena, Euralis, Bpifrance, and Crédit Agricole, facilitating adoption of innovations and generating synergies between investors and portfolio companies.
Companies that use Capagro
Customer profileSegments1 record
Ideal customer profiles2 records
Capagro technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Capagro partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights6 records
Capagro competitors and assessment
Company assessmentDirect peers
- Anterra Capital: Amsterdam-based VC firm investing globally in AgTech, FoodTech, and animal health. Direct peer — same sector focus, similar fund size (~$200M+ across funds), and European HQ comparable to Capagro.
- Astanor Ventures: Brussels/London-based impact VC focused on AgriFoodTech with €360M+ AUM. Closest direct peer to Capagro — same European footprint, same AgTech/FoodTech mandate, and similar Article 9 impact positioning.
- Seventure Partners: Paris-based VC firm with a dedicated Health-for-Life and FoodTech/AgTech investment platform. Geographic and sector overlap with Capagro, and a co-investor in several Capagro portfolio deals (e.g., La Vie).
- Demeter Partners: Paris-based early-stage VC and private equity firm focused on the energy and ecological transition, including AgTech. Co-invested with Capagro in Naïo Technologies and active in the same French AgTech ecosystem.
- Pontifax AgTech: US-based dedicated AgTech venture fund ($300M+ AUM). Direct peer in pure-play AgTech specialization with comparable fund size and stage focus (Series A/B into growth-stage agrifood startups).
- Cultivian Sandbox Ventures: US-based VC fund focused exclusively on AgTech and food technology. Direct peer — pure-play sector specialization with similar Fund I/II progression and Stage A/B check sizes.
- European Circular Bioeconomy Fund (ECBF): €300M European VC fund dedicated to the bioeconomy, including AgTech. Co-investor with Capagro in Ecorobotix Series D; overlapping Article 9 SFDR positioning and European geography.
- McWin Capital Partners: Private equity firm dedicated to the food ecosystem across Europe. Co-investor with Capagro in Ecorobotix; comparable European FoodTech/AgTech thesis and LP relationships with industrial food players.
- Radicle Growth: US-based AgTech-focused VC accelerator and fund platform. Comparable seed-to-Series A AgTech focus with platform approach (data-driven deal flow), though geographically distinct.
Regional players
- Omnivore Partners: Mumbai-based VC fund focused on Indian AgTech and food systems with $300M+ AUM. Comparable pure-play AgTech mandate but focused on India, providing geographic complement to Capagro's European focus.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Capagro social profiles
Digital presenceCapagro compliance and trust
Trust signalCompliance5 records
Capagro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capagro leadership team
Management profileNumber of profiles
Profiles1 record
Capagro funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capagro M&A and investment
M&A and investmentM&A
Investments35 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capagro
What does Capagro do?
Capagro is the first European independent venture capital fund dedicated to AgTech and FoodTech. It manages two funds (Capagro I and Capagro Agri-Food Innovation Fund II) that deploy €2-12 million of equity capital into early-growth startups across the agri-food value chain, from autonomous AgRobotics and specialty ingredients to healthy food, e-commerce, biosolutions, alternative proteins, and precision agriculture. The firm supplements capital with strategic support through a network of industrial and financial partners.
Is Capagro a public or private company?
Capagro is a private company. It is classified as venture growth investor backed and is currently operating.
When was Capagro founded?
Capagro was founded in 2014. It employs 1 to 10 people.
Where is Capagro based?
Capagro is headquartered in Paris, France, in the Europe region.
Who are Capagro's main competitors?
Direct peers on record are Anterra Capital, Astanor Ventures, Seventure Partners, Demeter Partners, Pontifax AgTech, Cultivian Sandbox Ventures, European Circular Bioeconomy Fund (ECBF), McWin Capital Partners and Radicle Growth. Omnivore Partners is listed as a regional player.
Does Capagro have an API?
No public API is recorded for Capagro.
What industry is Capagro in?
Capagro's product category is Venture Capital. Its primary akta.pro industry code is FSANAJAE, Sustainable Agriculture & Food Systems Funds, with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 52599 and its SIC code is 6282.