CapHorn Invest

What CapHorn Invest does

CapHorn Invest is a Paris-based venture capital firm founded in 2011 by Guillaume Dupont and operating as the VC brand of the Anaxago Group, an AMF-approved portfolio management company (registration GP-10000014). The firm invests in early-stage to growth-stage B2B digital startups across three vertical theses: Healthtech (medical devices, biotech, digital therapeutics), Climatetech (energy, transport, agriculture, sustainable materials), and Enterprisetech (B2B SaaS, cloud, automation). Ticket sizes range from €1M to €20M covering seed through growth stages, with €40M deployed annually and €200M in assets under management across approximately 50 portfolio companies.

The firm's core offering is not a technology product but rather capital plus commercial acceleration through a curated network of 250+ C-Level executives, institutions, and industrial partners that provide portfolio companies with direct access to decision-makers. The team is intentionally lean — Managing Partners Guillaume Dupont and Flora Coppolani (joined 2022 from Bpifrance and Rocket Internet), Venture Partner Alexandre Pelletier (joined 2017 from Microsoft and Tata Communications), plus Principal François Santi and investor relations/operations staff. The firm reports 10 exits over the last 2 years, including Dathena's acquisition by Proofpoint and Acticor Biotech's IPO on Euronext Paris, and 8 follow-on reinvestments in existing portfolio companies.

Revenue mechanics follow standard European VC economics: management fees on AUM (typically ~2%) plus carried interest on exits. Notable portfolio outcomes include Ledger (unicorn, $1.5B+ valuation, $380M Series C in 2021), Powell Software ($16M Series A co-led with Level Equity), EODev (€46M hydrogen round), Tilak Healthcare (€10M digital therapeutics), Agriodor (€15M Series A for semiochemical crop protection), and Faircraft ($15.8M Series A for lab-grown leather). The firm co-invests with international partners including Level Equity (US), LocalGlobe (UK), Kindred Ventures (US), Bpifrance, Orange Digital Ventures, SNCF Digital Ventures, and CMA CGM's energy fund, enabling transatlantic deal flow for European startups.

Name

CapHorn Invest

Legal name

CapHorn Invest

Website

https://caphorn.vc

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

CapHorn Invest is a Paris-based venture capital firm (Anaxago Group) managing €200M AUM across 50 portfolio companies in Healthtech, Climatetech, and Enterprisetech, deploying €40M annually with €1M–€20M tickets and providing portfolio companies access to a network of 250+ C-Level executives.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

akta.pro secondary industries

Business Services (B2B) Growth Equity (FSANACAD), Financial Services / Fintech Growth Equity (FSANACAE)

Keywords

• Venture capital investing
• Early stage funding
• Healthtech investments
• Climatetech investments
• Enterprisetech funding

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees and Carried Interest: VC revenue model based on management fees (typically 2% of AUM) and carried interest (typically 20% of profits above the hurdle rate). The firm manages €200 million in assets under management across its funds.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

CapHorn Invest is a French venture capital firm that provides early-stage to growth-stage equity funding (ticket sizes from €1M to €20M) to B2B digital startups operating in Healthtech, Climatetech, and Enterprisetech verticals. Beyond capital, the firm provides strategic guidance, operational support, and direct access to a curated network of 250+ C-level executives, institutions, and industrial partners to accelerate portfolio companies commercially from seed to IPO. The firm manages approximately €200 million in assets under management across roughly 50 portfolio companies.

Product overview

CapHorn Invest is a French venture capital firm (société de gestion de portefeuille agréée par l'AMF) that provides investment services to early-stage B2B digital startups across three focus sectors: Healthtech (optimizing healthcare systems and personalizing patient care), Climatetech (accelerating environmental transition focusing on next-generation buildings, energy, transport, and agriculture), and Enterprisetech (modernizing traditional businesses through digital transformation). The firm manages approximately €200 million in assets under management across 50 portfolio companies, deploying €40 million per year with ticket sizes ranging from €1 to €20 million. CapHorn Invest's core offering is not a software product but rather funding, strategic guidance, and network access to decision-makers for its portfolio companies. The portfolio includes companies such as Faircraft (lab-grown leather), Agriodor (scent-based crop protection), Eodev (hydrogen energy solutions), Ledger (crypto hardware wallets), Robocath (medical robotics), Powell Software (digital workplace), InterCloud (cloud interconnection), Worldia (B2B travel booking), Tilak Healthcare (digital therapeutics), and various other investments spanning exits, active holdings, and IPO-stage companies.

Differentiator

Problem solved

Functional benefit

Products and services

• CapHorn VC Investment Services End-to-end venture capital investment services providing equity funding (€1M–€20M ticket range), strategic guidance, and commercial acceleration through a network of 250+ C-level executives, institutions, and industrial partners. Targeted at founders of early-stage to growth-stage B2B digital startups in Healthtech, Climatetech, and Enterprisetech.

Quantifiable outcome

• 10 successful exits over the last 2 years
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Philips FranceminorStrategic or Co-development Partner · 1 January 2021Research partnership with Robocath for medical robotics development at University Hospital of Rennes.
• The Anaxago GroupcoreStrategic or Co-development PartnerCapHorn Invest is the venture capital brand of the management company Anaxago Group, approved by AMF. This provides integrated ecosystem for retail and institutional investors.
• Anaxago CapitalminorChannel Partner/ Reseller/ DistributorPart of the Anaxago Group ecosystem providing investment services.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Elaia Partners: Paris-based early-stage venture firm investing in deep tech, digital, and life sciences with comparable ticket sizes and European mid-cap focus. Directly comparable thesis in B2B digital and biotech.
• Otium Capital: French family-office-backed early-stage VC investing across Europe in B2B and consumer tech. Comparable mid-market European VC profile with seed-to-Series A focus.
• LocalGlobe: UK-based seed and pre-seed VC focused on European tech, with a comparable early-stage thesis. Directly comparable as a documented co-investor in Storelift and as a similarly-sized European seed specialist.
• Earlybird Venture Capital: Berlin-based early-stage European VC investing across enterprise, fintech, and health with comparable ticket sizes and fund vintages. Similar European mid-market VC positioning.
• Ventech: Early-stage Paris-based VC with pan-European presence investing in digital, fintech, and deep tech. Directly comparable as a CapHorn co-investor in InterCloud and as a similarly-sized European seed-to-Series A firm.
• Speedinvest: Vienna-headquartered multi-stage European VC with sector-focused funds covering fintech, health, and deep tech. Comparable scale, geographic reach, and sector-driven approach to early-stage European investing.
• Partech: Paris-headquartered multi-stage venture and growth firm investing across Europe and Africa with similar multi-sector mandate and ticket size overlap. Comparable as a France-rooted generalist VC targeting B2B digital companies from seed to growth.
• XAnge: Franco-German early-stage VC investing across Europe in B2B SaaS, fintech, and digital health. Comparable stage and ticket range, with similar European focus and operational support model.
• Serena Capital: Paris-based early-stage VC investing in B2B SaaS, fintech, and digital with comparable focus on European B2B digital startups. Directly comparable size and stage mandate.

Broad incumbents

• Bpifrance (Large Venture / Venture Capital): French public investment bank operating large-scale VC and growth funds across all stages and sectors. Comparable as a French capital provider and ecosystem player (and prior employer of CapHorn partner Flora Coppolani), though Bpifrance operates at materially larger scale.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/CapHornInvest
• YouTubemedium.com/blog-cap-horn
• Facebookfacebook.com/CapHornInvest
• LinkedInlinkedin.com/company/caphorn-invest

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments99 records

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

Frequently asked questions about CapHorn Invest