PhiTrust Impact Investors

What PhiTrust Impact Investors does

PhiTrust Impact Investors is an AMF-regulated French portfolio management company (AMF GP 04 0000 35) headquartered at 7 rue d'Anjou, 75008 Paris, that manages a family of FCPI (Fonds Commun de Placement dans l'Innovation) funds branded Phitrust Innovation 1 through 4. The firm is the dedicated vehicle through which the broader Phitrust group develops and manages thematic investment funds targeting innovative French SMEs with measurable social and environmental impact. It originated as LC Capital, a venture capital management company majority-acquired by Phitrust in January 2012 and subsequently renamed Phitrust Impact Investors, layering regulated FCPR/FCPI product capabilities onto Phitrust Partenaires' existing ESG integration and SME accompaniment practice.

The company's core activity is fund management rather than direct startup creation or technology product development. It invests in five verticals — sustainable cities/buildings, environmental preservation and new energies, healthcare and disability services, education and vocational training, and responsible agriculture — and combines equity financing with active strategic support for portfolio companies. Core technology is not disclosed and appears to be a conventional fund-management operating stack, with back-office administration delegated to cabinet Aplitec since October 2018. Reported portfolio outcomes include a NEOLIFE Pool Eco Attitude Trophy (Piscine Global, 2014) for a portfolio company, and disclosed fund vintages include Phitrust Innovation 2 (+63.99%) and Phitrust Innovation 3 (+101.57%) as past performance figures.

The revenue model is fund management fees charged on FCPI/FCPR assets under management, classified as subscription/recurring. Distribution is dual-channel: direct institutional and family-office relationships, plus intermediated distribution through banks, wealth managers and financial advisors in France. Marketing is conducted primarily through professional networks (Cleantech Open France, AFIC Impact Club, European impact-investment forums), French business press (Le Monde, Les Échos, La Tribune) and the corporate website. The firm is a regulated subsidiary within the Phitrust group, led by President Olivier de Guerre, with Xavier Thauron as Directeur Général, Cyrille Langendorff as Directeur Général Délégué and Patrice Guerin as Secrétaire Général; headcount is reported as 1–10 employees.

Name

PhiTrust Impact Investors

Legal name

PHITRUST IMPACT INVESTORS

Website

https://phitrustimpactinvestors.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

PhiTrust Impact Investors is an AMF-regulated Paris-based portfolio management company that runs a family of FCPI funds (Phitrust Innovation 1–4) investing in innovative French SMEs with measurable social or environmental impact across five thematic verticals.

Ownership category

akta.pro rank

Product category

Impact Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), ESG/SRI/Impact Mutual Funds (FSAAAEAI)

Keywords

• Impact investment funds
• FCPI fund management
• Venture philanthropy
• Responsible investment
• Social impact financing

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, Infrastructure, Others

Revenue model

1. Fund Management Fees: PhiTrust Impact Investors generates revenue through management fees charged on the FCPI and FCPR funds under management. The funds invest in innovative SMEs targeting social and environmental impact, with returns generated through capital appreciation and exit events.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

PhiTrust Impact Investors is an AMF-accredited French portfolio management company that manages regulated FCPI (Fonds Commun de Placement dans l'Innovation) and FCPR funds (Phitrust Innovation 1-4) investing equity capital in innovative SMEs with measurable social and environmental impact in France. The firm combines equity financing with active strategic support (venture philanthropy) to portfolio companies addressing sustainable cities, environmental preservation, healthcare/disability services, education, and responsible agriculture.

Product overview

PhiTrust Impact Investors operates as a portfolio management company offering a family of FCPI (Fonds Commun de Placement dans l'Innovation) funds branded as Phitrust Innovation 1 through 4. These funds invest in innovative SMEs, primarily in France, that address societal challenges in five key areas: sustainable cities and buildings, environmental preservation and new energies, healthcare and disability services, education and vocational training, and responsible agriculture. The firm combines equity financing with active accompaniment of portfolio companies, supporting their strategic development while generating measurable social and environmental impact alongside financial returns.

Differentiator

Problem solved

Functional benefit

Products and services

• Phitrust Innovation 1

Quantifiable outcome

• Phitrust Innovation 3 achieved +101.57% return
• +1 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles1 record

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.

• AplitecminorImplementation/ SI/ Consulting Partner · 25 October 2018Aplitec serves as the delegated administrative and accounting service provider for the managed funds, handling back-office operations for FCPI/FCPR funds under management.
• Phitrust PartenairescoreStrategic or Co-development Partner · 1 January 2012Phitrust Partenaires is the affiliated entity that developed Phitrust's recognized expertise in analysis, financing, and support of innovative companies with social and environmental impact. It serves as the core intellectual and operational foundation for impact investment activities.
• LC CapitalcoreOthersLC Capital was a venture capital management company specialized in financing and supporting technologically innovative unlisted companies. Phitrust acquired a majority stake and renamed the entity to Phitrust Impact Investors, expanding its fund offerings to include FCPR/FCPI-type funds.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Mirova: Mirova is the dedicated sustainable investment affiliate of Natixis Investment Managers, with a Natural Capital and Impact Private Equity strategy targeting innovative SMEs with environmental and social impact across Europe. Most direct French impact VC comparable to PhiTrust in mandate and geography.
• Demeter Partners: Demeter is a leading European VC and PE manager headquartered in Paris focused on the energy transition, ecological transition, and digital infrastructure. Directly competes for French innovative SME impact deals with similar fund structures.
• Ecofi Investissements: Ecofi (Crédit Coopératif group) manages solidarity and impact investment portfolios in France. PhiTrust's Deputy CEO Cyrille Langendorff previously worked at Ecofi, and the two operate in overlapping solidarity-investment territory.
• Raise Impact: Raise is a French impact investment platform combining venture capital, philanthropy, and a venture studio for innovative startups. Strong overlap with PhiTrust in the French impact SME segment and complementary LP base.
• Aster Capital: Aster Capital is a French VC firm backed by industrial corporates (Total, Schneider, Alstom) investing in innovative SMEs in energy, environment, and mobility. Directly comparable in targeting French innovative SMEs with impact themes.
• MAIF Avenir: MAIF Avenir is the investment vehicle of MAIF, deploying capital into French SMEs with strong social and environmental impact. Directly comparable target investments and impact mandate.

Emerging players

• Impact Partners (France): Impact France (formerly Impact Invest Lab) operates as the operational arm of the French National Advisory Board on impact investment — the same body Cyrille Langendorff chairs. Comparable mission in French impact ecosystem development and SME financing.

Regional players

• Investisseurs & Partenaires (I&P): I&P is an impact investment group dedicated to African SMEs, sharing PhiTrust's venture philanthropy and SME impact investment thesis but operating in emerging markets rather than France/Europe.
• Quadia SA: Quadia is a Swiss impact investment manager focused on venture philanthropy and impact investing in SMEs across Europe. Similar boutique scale and impact mandate, with comparable European cross-border potential.

Broad incumbents

• BNP Paribas Social Entrepreneurs: BNP Paribas Social Entrepreneurs provides financing and support for social and solidarity-based enterprises in France, offering comparable impact SME services but as part of a much larger banking group with broader product range.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/phitrust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments20 records

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

Frequently asked questions about PhiTrust Impact Investors