Enthéos

What Enthéos does

Enthéos is a privately held evergreen investment holding company (SAS, French limited company) founded in 2007 and headquartered in Rennes, France, with additional offices in Paris and Lyon. The firm invests family capital directly into French and select European PME companies generating EBITDA between €5M and €50M, deploying equity or flex-equity tickets ranging from €2M to €15M as majority or minority lead shareholder, and frequently co-investing alongside other asset managers (e.g., Leitmotiv Private Equity, Ateq Pte). Its portfolio of approximately 14 active participations spans highly diversified end-markets including 3D video-game content (Virtuos), waste-management software (Simpliciti, Aktid), pharmaceutical laboratories (Mitem Pharma, Filab), medical diagnostics (X-Path), medical devices (MIR), natural health (Olyos), glamping accommodations (Lumicène), wood heating (Seguin), agricultural plants (Thomas Plants), food distribution (Haudecoeur), housing renovation (Novetio), and fiduciary services (Ancorius).

The firm is governed by an evergreen structure with €41,219,000 in share capital and no fund-life constraint, allowing it to prioritize company time horizons over shareholder exit pressure. Investment selection is filtered through a stated sustainability thesis — compatibility with a "sober, living, and resilient world" by 2030 — and 10% of annual profits are committed to environmental and social causes (Bouge ton Coq, Médecins Solidaires, Monépi, FEVE, Système Agraire Solitaire). Co-investment partnerships and ecosystem relationships (notably the 2023 Convention des Entreprises pour le Climat membership) supplement the lean 8-person in-house team, whose leadership combines prior experience at Ardian (buyout), McKinsey, Zalando France, BNP Paribas M&A, Mirova, and Crédit Agricole. Revenue mechanics are investment-driven: capital appreciation, dividend income from equity stakes, and realization proceeds such as the 2021 sale of E-loft to Belgian industrial group Etex after sustained >50% annual growth.

Name

Enthéos

Legal name

ENTHEOS (SAS)

Website

https://entheos-investissement.fr

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Investment Returns: Returns generated from capital appreciation and potential exit gains from portfolio companies, as well as dividend income from equity stakes in PME companies across various sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Enthéos is an evergreen investment holding company that invests equity and flex-equity capital tickets of 2–15 M€ in French PME companies with EBITDA between 5 and 50 M€. It operates as lead or co-investor alongside other asset managers, taking majority or minority stakes to support company transmission or development, and provides strategic guidance and access to an ecosystem of entrepreneurs, families, and experts.

Product overview

Enthéos is an evergreen investment holding company that does not offer a unified product platform. Instead, it operates as a private equity firm providing capital investment and strategic support to a portfolio of PME companies. The portfolio includes companies across diverse sectors: Lumicène (luxury eco-cabins for glamping), Virtuos (video game development), Simpliciti (waste collection software), Aktid (waste sorting solutions), Mitem Pharma (pharmaceutical laboratory), Seguin (wood heating stoves), Haudecoeur (ethnic food products), MIR (spirometry devices), and Olyos (natural health products).

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Services Evergreen investment holding services providing capital tickets of 2–15 M€ in equity or flex-equity to PME companies with EBITDA between 5 and 50 M€. Invests as lead or co-investor in majority or minority positions to support transmission, development, and long-term growth of companies compatible with a sober, living, and resilient world.

Named customers13 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• FEVE (Fermes En ViE)minorOthers · 1 January 2024Enthéos supports FEVE, helping farmers establish agroecological farms benefiting food sovereignty and biodiversity. FEVE is a mission-driven company in the Social and Solidarity Economy, creating national network of viable farms.
• Convention des Entreprises pour le Climat (CEC)coreStrategic or Co-development Partner · 28 June 2023Enthéos became the first investor to join the Convention des Entreprises pour le Climat in 2023. CEC is an initiative bringing together business leaders for climate action and business model reinvention within planetary boundaries. Enthéos participated in the CEC Bassin Lyonnais program from February to December 2023, completing 6 thematic sessions.
• Bouge ton CoqminorOthers · 1 January 2023Enthéos supports Bouge ton Coq, an accelerator of initiatives that deploys solutions to revitalize rural territories. Association federates local actors by helping citizens, businesses and public authorities act together. Projects include Médecins Solidaires and Monépi.
• Médecins SolidairesminorOthers · 1 January 2023Enthéos supports Médecins Solidaires, addressing medical deserts in France. The association deploys shared solidary approach where doctors from across France each give 1 week per year of their time. First center opened in Ajain in October 2022, with 340+ GPs joined by December 2023.
• MonépiminorOthers · 1 January 2023Enthéos supports Monépi, which deploys participatory solidarity grocery stores across France enabling local, affordable consumption without needing a vehicle. Network had 450 stores open or under construction by end of 2023, targeting 200 new openings annually.
• Système Agraire Solidaire (SAS)minorOthers · 1 January 2023Enthéos supports SAS, founded by Perrine Bulgheroni of Ferme du Bec Hellouin, creating agricultural ecosystems for young farmer installation with agroecology ambition and resilient, economically viable farms.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat3 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Enthéos