What Blockpulse does

Blockpulse (legal entity NEOFIPAR SAS) is a French software infrastructure company founded in 2018 and headquartered in Paris, with a registered office in Roubaix. It provides an end-to-end equity management platform for non-listed companies, covering the full lifecycle of a financial security—issuance, management, and circulation—in a single regulated environment. The platform comprises four core modules: M.01 Cap Table & Registre (real-time capitalization table and blockchain-anchored share movement registry), M.02 Opérations sur le capital (40+ operation types including capital increases, transfers, BSPCE, AGA, BSA, donations, and pledges), M.03 Sécurité & Conformité (native KYC/KYB, automated legal documents, eIDAS-qualified electronic signatures, DEEP blockchain anchoring, ISO 27001), and M.04 Gestion des transactions (dedicated IBANs, SEPA/SWIFT, multi-currency, automatic reconciliation). A Mode Live orchestration layer executes cash operations end-to-end, and the company offers sub-products for BSA AIR warrants, SPV vehicles, BSPCE and AGA plans, an Actionnaire Portal, and a public REST/GraphQL API with OAuth 2.0 and webhooks.

The company became the first blockchain-based securities movement registry agent registered in Europe in 2020, under French DEEP regulations (Commercial Code L.211-3, L.228-1; decree 2018-1226) and ACPR supervision. In 2025, Blockpulse secured industrial long-term shareholder alignment with AFM via Mobilis, connecting it to the Mulliez family ecosystem (Auchan, Decathlon, Leroy Merlin, Kiabi, 20+ brands). Revenue is generated through tiered annual subscriptions indexed to cap table size (€600/year XS to €12,000+/year L, custom XL), optional UX add-ons (€2,000–€5,000/year), a Mode Live take rate on cash operations, per-participant fees for non-cash operations, and partner commissions. The go-to-market combines direct enterprise sales, a three-track partner program (Conseil, Investisseur, Tech), and a community-led Blockpulse Lab with 347 active members and a quarterly Observatoire du non côté. Named customers include France Angels, Paris BA, Invest Securities, an unnamed industrial family office managing 300+ companies, and an ETI of 800+ employees; reported scale signals include 250+ managed companies, 1,247 tokenized companies, 12,000 shareholders, €500M+ in platform transactions, and €2.1B+ in tokenized operations per quarter.

Name

Blockpulse

Legal name

NEOFIPAR

Website

https://blockpulse.eu/

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Blockpulse (NEOFIPAR SAS) provides a regulated, blockchain-anchored equity infrastructure platform for non-listed French and European companies, covering cap table management, capital operations, KYC/compliance, and cash settlement. It serves startups, scale-ups, family offices, business angel networks, law firms, and ETIs, with AFM/Mobilis as its 2025 industrial shareholder.

Ownership category

akta.pro rank

Product category

Equity Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Portfolio Management and Investment Advice (523940), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA)

akta.pro secondary industries

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI), Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)

Keywords

• Equity management software
• Cap table platform
• Blockchain share registry
• Private market infrastructure
• Capital operations management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Infrastructure subscription (forfait socle): Annual subscription indexed to cap table size — number of shareholders, ESOP holders, and bondholders. Covers legal registry, real-time cap table, DEEP compliance, and electronic signatures. Tiered by size: XS (micro, <20 people), S (startup, 20-100), M (scale-up, 100-1000), L (ETI, 1000-10000), XL (corporate, 10000+). No usage-based add-ons within this layer.
2. UX Experience add-ons (Standard and Global): Activatable options for shareholder experience and administrative tools. Experience (Standard) at +2,000€/year adds shareholder portal, SPV accounting module, and multi-entity management. Global at +5,000€/year supersedes Standard with additional features. Activated voluntarily by clients; not required.
3. Mode Live — cash operations take rate: Take rate applied to the cash amount transacted on capital operations executed end-to-end through the platform (capital increases, share transfers, distributions). Covers signatures eIDAS, KYC/KYB, cash flows via Swan, and automatic registry updates. Rate depends on infra tier. No take rate charged if the platform is not used for cash transactions.
4. Mode Live — non-cash operations per-participant fee: Fixed fee per participant for operations without cash flows — direct transfers between shareholders, donations, historical operations, intra-group movements. Signature, KYC, and registry updates orchestrated by the platform. Rate is tiered: €60 per participant (1-50 per month) down to €15 per participant (above 1,000). Independent of infra tier and UX add-ons.
5. Partner commissions on operations: Lawyers, notaries, and accounting firms enrolled in the partner program earn commissions on capital operations executed for their clients using Blockpulse infrastructure. Partners use Blockpulse to execute client operations and receive revenue share.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Blockpulse provides a unified software infrastructure for managing the complete lifecycle of equity for non-listed companies, including a real-time cap table, a blockchain-anchored share movement registry compliant with the French DEEP framework, 40+ capital operation types (subscriptions, transfers, BSPCE, AGA, BSA, conversions), native KYC/KYB compliance, eIDAS-qualified electronic signatures, and integrated payment accounts (SEPA/SWIFT). The platform serves startups, scale-ups, ETIs, family offices, law firms, accounting firms, and investor networks, with optional add-ons for shareholder experience and end-to-end orchestration (Mode Live).

Product overview

Blockpulse is a unified equity infrastructure platform for private companies comprising four core modules — M.01 Cap Table & Registre (real-time share registry and capitalization table), M.02 Opérations sur le capital (40+ capital operation types), M.03 Sécurité & Conformité (KYC/KYB, eIDAS signatures, DEEP blockchain anchoring, ISO 27001), and M.04 Gestion des transactions (payment accounts, SWIFT/SEPA, automatic reconciliation) — plus an add-on Mode Live orchestration layer for end-to-end cash operations. The platform supports specialized sub-products including BSA AIR, SPV structures, BSPCE plans, and AGA plans. An optional shareholder portal provides equity visualization and transaction capabilities. A companion API enables programmatic access. The Blockpulse Lab initiative runs research programs including beta testing, insight circles, and a quarterly market observatory.

Differentiator

Problem solved

Functional benefit

Products and services

• Blockpulse Equity Infrastructure Platform Unified four-module SaaS platform covering the full equity lifecycle: M.01 Cap Table & Registre (real-time share movement registry with CSV, SIREN, and Kbis import and 48-hour onboarding), M.02 Opérations sur le capital (40+ operation types including capital increases, share transfers, BSPCE, AGA, BSA), M.03 Sécurité & Conformité (native KYC/KYB, automatic legal document generation, eIDAS-qualified signatures, DEEP blockchain anchoring, ISO 27001), and M.04 Gestion des transactions (dedicated payment accounts per company, SEPA/SWIFT, automatic cash reconciliation, multi-currency). For startups, scale-ups, ETIs, family offices, law firms, and investor networks.
• Mode Live Optional live orchestration layer that executes capital operations end-to-end on the Blockpulse platform, covering eIDAS-qualified signatures, KYC/KYB checks, and cash flows via dedicated Swan payment accounts. Pricing includes a take rate on the cash amount for operations with cash flows (capital increases, sales, distributions) and a fixed per-participant fee (€15–€60) for non-cash operations (direct transfers, donations, historical operations, intra-group movements).
• Shareholder Portal (Expérience Actionnaire) Optional shareholder experience add-on for the Blockpulse platform, available in Standard (UX) and Global (UX++) tiers. Includes a shareholder-facing unified portal with real-time equity visualization across shares, AGA, BSPCE, and bonds, plus SPV accounting module and multi-entity administration for groups managing multiple companies.
• Blockpulse API Programmatic REST API providing full CRUD access on companies, shareholders, operations, and documents. Supports OAuth 2.0 and API key authentication, real-time webhooks on every event, GraphQL, and an OpenAPI 3.1 specification with an interactive console, code examples in JavaScript, Python, and cURL, plus a sandbox environment with fictitious data for independent testing. Targeted at HR, ERP, and accounting software vendors integrating equity management into their platforms.

Quantifiable outcome

• 48-hour onboarding vs. traditional multi-week setup
• +21 more outcomes

Named customers10 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature13 records

Partnerships

Three partnerships are on record, tiered core.

• France AngelscoreStrategic or Co-development Partner · 1 January 2026France Angels is the national federation of business angel networks in France. Blockpulse has produced multiple webinar replays with France Angels covering best practices for structuring investments through BA networks, SPV setups, and the Blockpulse platform itself. The partnership validates Blockpulse's position in the BA ecosystem and drives referrals across France Angels' member networks.
• SwancoreTechnology or IntegrationSwan is the embedded banking partner providing dedicated payment accounts per company on the Blockpulse platform. Swan handles SEPA and SWIFT transfers, incoming/outgoing cash flows, and automatic reconciliation with share operations. The platform displays 'CASH FLOAT · 4,82 M€ · 3 IBANS' reflecting live Swan account data integrated into the Blockpulse console. Swan is the regulated payment service provider enabling the 'Encaissement' (collection) module.
• SignaturitcoreTechnology or IntegrationSignaturit provides eIDAS-qualified electronic signature services integrated into the Blockpulse platform. The platform's 'F.04 — Signature' module uses Signaturit to orchestrate qualified digital signatures that integrate company, participant, and operation context. The legal page references Signaturit as the provider enabling the 'Signature électronique eIDAS' capability across all capital operations.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ledgy: European cap table and equity management platform headquartered in Switzerland, offering digital cap tables, ESOP management, and reporting for private companies. Most direct competitor to Blockpulse in the European equity-infrastructure category, though Ledgy focuses more on ESOP/dilution workflows and less on French DEEP-specific regulatory anchoring.
• Cake Equity: Cap table and equity management software for startups and growing companies, primarily in Australia/APAC but with global ambitions. Directly comparable product (cap table, ESOP, shareholder portal) and similar target customer (founders, CFOs of small/mid-cap private companies).
• Eqvista: US-based cap table management platform with a focus on 409A valuations, equity plans, and compliance. Comparable in cap table SaaS category with similar target customers (startups, law firms, accountants managing private company equity).
• Pulley: Cap table and equity management platform focused on startups, offering 409A valuations, option pool modeling, and investor reporting. Comparable product offering for venture-backed private companies with overlapping target market in the startup ecosystem.
• Quaestor: European cap table management platform offering shareholder management, equity plans, and investor relations for private companies. Direct competitor in European market with similar SaaS cap table product for founders and CFOs.

Broad incumbents

• Carta: Largest US-based cap table, equity management, and private market infrastructure platform. While primarily US-focused, Carta has expanded internationally and competes for the same enterprise and scale-up customer base as Blockpulse; its scale and broader geographic footprint make it the dominant broad incumbent in the category.
• AngelList: US-based private market infrastructure platform offering cap tables, rolling funds, syndicates, and talent solutions. While much broader in scope than Blockpulse, it serves overlapping customers (startups, investors, fund managers) and competes for the same equity-administration workflows.

Regional players

• SeedLegals: UK-based legal and equity platform for founders handling fundraising rounds, ESOP setup, and company legal documentation. Comparable in serving European private companies with equity workflows, but UK rather than France focused and more legal-document centric than registry-centric.

Emerging players

• Vestwell: Retirement and equity plan administration platform for businesses and advisors. Comparable in the equity-plan administration niche (especially ESOP/retirement-adjacent workflows) but with primary focus on US retirement plans rather than European private equity infrastructure.

Others

• Diligent (Galvanize/ACL): Governance, risk, and compliance software provider serving boards and regulated entities, with audit trail and reporting capabilities relevant to equity compliance. Adjacent rather than directly competitive; could integrate with or compete for compliance-budget share at large enterprise clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Blockpulse_eu
• Facebookfacebook.com/blockpulse.eu

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Blockpulse