Name

Citizen Capital

Legal name

Citizen Capital Partenaires SAS

Website

https://citizencapital.fr

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Impact Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Biodiversity, Conservation & Natural Capital Funds (FSANAJAG)

Keywords

• Impact investment fund
• Venture capital management
• Private equity
• Growth capital
• Impact contracts

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Citizen Capital earns recurring management fees on its four funds (Growth/Early Stage, Agri Impact, ELAN Terres Agricoles, Citizen CIS). Fees are charged on committed capital or NAV and typically range between 1.5–2.5% per annum for impact VC/growth funds. The firm also earns carried interest (performance fees) on successful exits.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Citizen Capital is a French impact investment fund manager that raises and deploys capital through four dedicated funds: the Growth & Early Stage Fund (€3–10M tickets for Series B and growth-stage SMEs), Agri Impact (€500K–3M for farmer-led agricultural diversification projects), Citizen CIS (Impact Contracts financing preventive social programs), and ELAN Terres Agricoles (long-term agricultural land holding to install new farmers). The firm manages portfolio support, impact measurement, and active ownership across its investments organized around three impact pillars: Living, Self-fulfillment, and Transforming.

Product overview

Citizen Capital is a pioneering impact investment fund manager in France, founded in 2008, offering four distinct investment fund products: the Growth & Early Stage Fund (3-10M€ tickets for Series B and growth-stage SMEs), Agri Impact (500K€-3M€ for farmer-led agricultural projects), Citizen CIS (14M€ fund dedicated to Impact Contracts with social associations), and ELAN Terres Agricoles (agricultural land holding fund for new farmer installation). All funds are organized around three impact pillars: living (health, aging, food, housing, financial inclusion), self-fulfillment (professional transformation, future of work, education, citizenship), and transformation (climate, circular economy, energy, agriculture, biodiversity).

Differentiator

Problem solved

Functional benefit

Brands

• Citizen CIS: First independent fund dedicated to Impact Contracts supporting associations in employment, mental health, and ecological transition initiatives.
• Agri Impact
• ELAN Terres Agricoles

Products and services

• Citizen Capital Growth & Early Stage Fund Growth and early-stage impact investment fund providing €3–10M equity tickets to visionary teams in Series B, growth, and capital development phases addressing fundamental human needs across three pillars: living, self-fulfillment, and transformation.
• Agri Impact Impact investment fund investing €500K–3M via equity and quasi-equity instruments in projects led by French farmers to diversify income streams through renewable energy, short food supply chains, agroecological transition, and training projects, in partnership with Fondation Avril.
• Citizen CIS (Impact Contracts / Contrats à Impact) First independent fund dedicated entirely to Impact Contracts (€14M raised), enabling public-private partnerships centered on verified outcomes by pre-financing preventive social programs run by associations in employment return, mental health, and ecological transition, with repayment from public bodies upon achievement of results.
• ELAN Terres Agricoles National long-term (30-year) agricultural land holding fund making €100K–600K land acquisitions in partnership with FN Safer, renting acquired farmland to young and new farmers via long-term leases (bail rural 25 years) under an agroecological charter to enable new farmer installations.

Quantifiable outcome

• 14 successful exits from 41 investments in Growth & Early Stage strategy since 2008
• +3 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and flagship.

• FN Safer (Fédération Nationale des Safer)coreStrategic or Co-development Partner · 1 January 2025FN Safer is a key partner for the ELAN Terres Agricoles fund, identifying available agricultural land and farmer projects across France's 17 regional Safer bodies. Safer companies (anonymous non-profit entities under Agriculture and Finance ministry supervision) manage farmland transactions, land rental via bail rural, and support new farmer installations.
• Margin VenturesflagshipStrategic or Co-development Partner · 1 January 2025Margin Ventures was co-founded in 2025 by Citizen Capital alumnus Mehdi Belkahla as a strategic partnership with Citizen Capital. The new VC fund (€50M target) supports underrepresented founders and aims to make the tech ecosystem more inclusive. Citizen Capital provides strategic backing to Margin Ventures.
• SB FactorycoreStrategic or Co-development Partner · 1 January 2023SB Factory is a specialist impact advisory firm and pioneer of Impact Contracts in France, with 10+ years of experience structuring the market. For Citizen CIS, SB Factory provides expertise on Impact Contract structuring, evaluator connections, and links to social program carriers and philanthropists.
• FNSafer / Safer (national network of 17 regional land management entities)coreStrategic or Co-development PartnerThe 17 Safer bodies grouped under the FN Safer (Fédération Nationale des Safer) cover all of metropolitan France. They identify available farmland, qualify farmer candidates, and manage land rental contracts under ELAN Terres Agricoles.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Impact Partners: Impact Partners is a European impact private equity firm investing in SMEs with measurable social and environmental impact. Zoé Constantin (now Partner at Citizen Capital Growth) was previously Managing Director at Impact Partners, indicating direct personnel and strategy overlap. Comparable in mission, stage, and European geography.
• Raise: Raise is a French venture capital and private equity investor that actively co-invests with Citizen Capital (e.g., Hubcycle €15M Series A). Targets growth-stage French companies with both financial and impact ambitions, operating in a similar ticket size and stage band as Citizen Capital's Growth strategy.
• Swen Capital Partners: Swen Capital Partners is a French asset manager specializing in sustainable and responsible investment across private equity, infrastructure, and renewable energy. Swen co-invested alongside Citizen Capital in Hubcycle and targets similar ESG/impact-oriented growth opportunities, making it a strong peer on thematic overlap and geography.
• MAIF Impact: MAIF Impact is the impact investment arm of French mutual insurance group MAIF, focused on environmental and social transition. It is a co-investor alongside Citizen Capital (e.g., Didask €10M Series A) and targets similar Series B/growth-stage impact businesses in France, making it a direct comparable in mission, geography, and stage.
• Weinberg Capital Partners: Weinberg Capital Partners operates an impact fund financing French SMEs with positive social or environmental impact (Léa Malaterre, now at Citizen Capital, came from this fund). Comparable on French geography, growth stage focus, and impact mandate, with overlap in personnel and co-investment potential.
• Daphni: Daphni is a French venture capital firm investing in tech-enabled, purpose-driven European companies. Daphni has co-invested with Citizen Capital in multiple rounds (e.g., Hubcycle) and shares similar Series A/B ticket sizes and impact orientation toward tech-enabled businesses addressing social and environmental challenges.
• ETF Partners: ETF Partners is a European venture fund focused on sustainability and technology, investing in growth-stage companies. Co-invested with Citizen Capital in Hubcycle's €15M Series A. Direct comparable on geographic focus, ticket size, and impact thesis centered on sustainability/climate.
• Demeter: Demeter is a leading French impact VC/PE firm focused on the ecological transition: energy, environment, circular economy, and sustainable agriculture. Direct comparable to Citizen Capital's Agri Impact and Growth strategies on thematic focus, French/European geography, and growth-stage ticket sizes.

Broad incumbents

• Eurazeo: Eurazeo is a major European private equity firm (€35B+ AUM) with a dedicated impact strategy. Citizen Capital's Senior Advisor Luis Marini-Portugal co-founded Eurazeo and was a Management Board member for 13 years, indicating deep personnel overlap. Comparable as a broader PE incumbent with an impact/ESG mandate.
• Mirova Natural Capital: Mirova is the affiliate of Natixis Investment Managers dedicated to sustainable investing, with €25B+ AUM across multiple impact strategies including natural capital, energy transition, and sustainable land use. Comparable to Citizen Capital on impact/ESG investment thesis but operates at significantly greater scale with broader mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/citizen-capital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments37 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Citizen Capital