What Greenpact does

Greenpact is a France-based impact investment holding company that finances and co-creates startups targeting the sustainable transformation of productive enterprises in industry, energy, construction, and agriculture. The company operates through two startup studios — Hoji Ventures, focused on SaaS and AI for industrial transformation, and 4Elements Studio, a deeptech climate studio — alongside direct equity participations in portfolio companies. As of the latest available data, the portfolio comprises 11 active companies, with a stated target of 25-30 companies balanced across AI SaaS (50%), AI Deeptech (25%), and Hard Deeptech (25%).

The portfolio companies apply AI and deeptech to specific decarbonization and circular-economy use cases: Cedrus uses AI trained on millions of buildings to drive a claimed 60% cost reduction in real estate decarbonation; Netcarbon applies satellite imagery and AI to measure, predict, and verify natural carbon sinks; Sapiologie provides an AI platform for product Life Cycle Assessment and industrial regulatory compliance; Revalue applies AI/computer vision to sort used products and manage circular flows; KyBER capitalizes operational knowledge of blue-collar workers; and CaliCO2 deploys HDL electrolysis for industrial carbon capture with 6 patents filed, originating from 20 years of BRGM research. Ener-Pacte manages optimization of over 250 photovoltaic plants, Bluefins applies cetacean-fin-inspired hydrofoils for a claimed 20% maritime fuel/GHG reduction, and Aqua Green Protect offers biosourced viticulture solutions.

Greenpact monetizes through startup studio management fees on deployed capital, carried interest (50% of which is conditional on ESG impact objectives being met), and direct portfolio returns. The investment vehicles operate under SFDR Article 9 classification (the most demanding European ESG tier), with impact overseen by an independent committee including representatives from CDC, Métropole de Lyon, Humens, and Better Way. The shareholder base comprises 53 private investors — industrial entrepreneurs, family offices, and institutionals — plus 60 co-entrepreneur shareholders, with institutional backing from the European Investment Fund (FEI), Caisse des Dépôts, and BPI France. The GTM model leverages a network of 300+ industrial partners that identify real operational problems before startups are created, providing beta-test environments, first clients, and strategic accounts. Leadership is by President Emmanuel Gonon and Director General Laurent Geray. The stated leadership track record references 3 funds (€370M), 4 startup studios (€80M), 28 exits, and over 100 ventures and investments.

Name

Greenpact

Legal name

Greenpact

Website

https://greenpact.fr

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Greenpact is a France-based impact investment holding company that co-creates and finances startups through two startup studios (Hoji Ventures for industrial SaaS/AI, 4Elements Studio for deeptech climate) and direct participations, serving productive enterprises in industry, energy, construction, and agriculture.

Ownership category

akta.pro rank

Product category

Venture Capital / Impact Investment Startup Studio

NAICS

Management of Companies and Enterprises (55111), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Miscellaneous Business Credit Institution (6159), Services-Prepackaged Software (7372)

akta.pro primary industry

Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Climate Finance Funds & Green Investment Facilities (BPADACAH), Emissions Factors, LCA & Product Carbon Footprint (PCF) Platforms (EUABAEAD)

Keywords

• Impact investment holding
• Startup studio model
• Sustainable industry transformation
• Deeptech climate ventures
• Industrial decarbonization SaaS

Headquarters

HQ city

Lyon

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Startup Studio Management Fees: Revenue from managing two startup studios (Hoji Ventures and 4Elements Studio) through fees on deployed capital and management charges.
2. Carried Interest (Carry): Performance-based carried interest from portfolio companies. 50% of carried interest is conditional on ESG impact objectives being met, reverting to NGOs if not achieved. Both studios operate under SFDR Article 9 classification.
3. Direct Portfolio Returns: Returns from direct participations in portfolio companies including Ener-Pacte, Bluefins, Reflect Energy, and others.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Greenpact is an impact investment holding company that finances startups for the sustainable transformation of productive enterprises (industry, energy, construction, agriculture) through two startup studios—Hoji Ventures (SaaS & AI) and 4Elements Studio (deeptech climate)—and direct portfolio participations in 11 active companies. The startup studios co-create companies with 300+ industrial partners to identify real operational problems before building solutions, generating revenue from management fees, carried interest (50% conditioned on ESG impact), and direct portfolio returns.

Product overview

Greenpact is an impact investment holding company that finances startups for the sustainable transformation of productive enterprises through two startup studios (Hoji Ventures for SaaS & AI, 4Elements Studio for deeptech climate) and direct portfolio participations. The portfolio comprises 11 active companies in sectors including energy (Ener-Pacte, Reflect Energy), transport (Bluefins), green finance (Nepsis), SaaS impact (Sapiologie, Revalue, KyBER), carbon (Netcarbon), real estate (Cedrus), agriculture (Aqua Green Protect), and deeptech (CaliCO2). The company targets an balanced portfolio of 25-30 companies split between IA SaaS (50%), IA Deeptech (25%), and Hard Deeptech (25%).

Differentiator

Problem solved

Functional benefit

Brands

• Hoji Ventures: Startup studio SaaS & IA pour la transformation durable de l'industrie
• 4Elements Studio
• Ener-Pacte
• Bluefins
• Reflect Energy
• Nepsis
• Sapiologie
• Revalue
• KyBER
• Netcarbon
• Cedrus
• Aqua Green Protect
• CaliCO₂

Products and services

• Hoji Ventures Startup studio focused on SaaS and AI for sustainable industry transformation. Co-creates startups with 300+ industrial partners to address real operational problems across industrial performance, energy transition, circularity, and sobriety themes.
• 4Elements Studio Deeptech climate startup studio with 50 R&D laboratory partners. Targets 12 startups over 5 years for deeptech climate innovation, with co-investment from European Investment Fund (FEI), BPI France, and Family Offices.
• Ener-Pacte Optimization of production and profitability of photovoltaic installations, with over 250 solar plants under management.
• Bluefins Maritime transport technology that reduces fuel consumption and GHG emissions by 20% via foil technology inspired by cetacean fins.
• Reflect Energy Maintenance and repowering of photovoltaic plants, extending solar installation lifespan by 20%.
• Nepsis Digital platform for LLD (Long-Term Lease) financing of energy renovation projects, targeted at French SMEs and mid-cap companies (ETI).
• Sapiologie AI platform for product Life Cycle Assessment (LCA), carbon footprint measurement, and industrial regulatory compliance. B Corp certified.
• Revalue AI application for sorting used products, evaluating their potential, and managing circular economy flows in real-time.
• KyBER AI application for capitalization of operational knowledge of blue-collar workers, accelerating skill development and optimizing industrial operations.
• Netcarbon SaaS for measurement, prediction, and verification of natural carbon sinks using satellite imagery and AI.
• Cedrus SaaS for piloting massive decarbonation of real estate assets. Uses AI trained on millions of buildings to reduce decarbonation costs by 60%.
• Aqua Green Protect Biosourced solutions for sustainable viticulture: frost protection and Golden Flavescence control without insecticides.
• CaliCO₂ Industrial carbon capture via HDL electrolysis. Technology developed from 20 years of BRGM research with 6 patents filed.

Quantifiable outcome

• 53% average IRR vs 21% for traditional VC
• +7 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• 300+ Industrial Partner CompaniescoreStrategic or Co-development PartnerIndustrial enterprises collaborating with Hoji Ventures to identify real operational problems before startups are created to solve them. Partners serve as beta testers, first clients, and strategic allies for portfolio companies.
• 50 R&D LaboratoriescoreStrategic or Co-development PartnerResearch laboratories partnering with 4Elements Studio for deeptech climate startup development. Includes 20 years of BRGM research for CaliCO2 carbon capture technology.
• HumenssupportingOthersMember of the independent Impact Committee providing ESG expertise and impact measurement oversight for both startup studios.
• Better WaysupportingOthersMember of the independent Impact Committee providing ESG expertise and impact measurement oversight for both startup studios.
• Métropole de LyonsupportingOthersLocal government institution represented on the independent Impact Committee providing regional expertise and governance.
• GSSN (Global Startup Studio Network)supportingStrategic or Co-development PartnerIndustry benchmark source cited for startup studio model performance data: 53% IRR vs 21% for traditional VC, time to Series A in 25 months vs 56 months.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Idealab: Pioneer US-based startup studio that has created 150+ companies over two decades. Comparable to Greenpact for the studio-originated venture model and long-duration holding approach.
• Entrepreneur First: London-based startup studio that recruits talent and co-builds deeptech companies from inception. Comparable to Greenpact's 4Elements Studio for its deeptech orientation and venture-building approach.
• Antler: Global startup studio and early-stage VC that co-creates ventures with founders across multiple geographies and themes. Most comparable to Greenpact's Hoji Ventures studio model of building companies from problem-solution validation, though less focused on climate/impact themes.
• SOSV: Global venture studio operating multiple vertical-specific accelerator programs (including climate tech). Comparable to Greenpact for its studio-of-studios structure and climate/sustainability investment focus.
• High Alpha: US-based startup studio that co-creates B2B SaaS companies with operational support and capital. Closely mirrors Greenpact's Hoji Ventures model of building SaaS ventures for industrial transformation with operational teams and go-to-market support.

Broad incumbents

• Breakthrough Energy Ventures: Bill Gates-backed climate-focused deep tech fund investing across North America and Europe. Comparable to Greenpact's 4Elements Studio for climate deeptech investing, though operates as a traditional fund rather than a venture studio.
• Eurazeo: Major French private equity and venture investor with significant climate/sustainability allocation. Comparable to Greenpact for institutional backing of European sustainable transformation, though much larger and broader in scope.
• Mirova Natural Capital: French asset manager focused on natural capital, climate, and impact investing. Comparable to Greenpact for its European impact-investing orientation and Article 9 SFDR positioning, though operates as a traditional fund manager rather than a venture studio.
• Lowercarbon Capital: Climate-focused VC fund backing companies that reduce greenhouse gas emissions. Overlaps with Greenpact's portfolio themes (carbon capture, maritime, energy) but uses traditional fund structure rather than studios.

Others

• Station F: Paris-based world's largest startup campus hosting programs for hundreds of startups. Adjacent to Greenpact as a French ecosystem enabler for early-stage ventures, though not a direct investor/studio operator.

Market position

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/laurentgeray

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Greenpact