# Cap Innov'Est: portfolio, investments and team

> Cap Innov'Est is a private equity based in France. 5 investments on record, latest Sept 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/capital-grand-est (Millionrounds; every figure on the page links to its filing or article)

France · [Investor](https://millionrounds.com/investors)

# Cap Innov'Est

Last cheque observed Sep 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Private equity

Seed Series A Series B Analytics Information Technology Investment Management

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 5 on record

Since the last cheque **392** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **0 of 5** Sole investor **1 rounds** Mostly in **France, 80%**

Pitch Cap Innov'Est

## Cap Innov'Est highlights

- 01 5 rounds on record
- 02 Mostly Series A and Seed: 100% of its rounds
- 03 Sole investor in 1 rounds, median $566K

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Analytics Information Technology Investment Management
- **Based in:** Schiltigheim, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2025** 2 rounds
- **Sept** **[RDS](https://millionrounds.com/company/rds)** Series A · FR · Critical Path Ventures **$16M** With 3 others
- **Jan** **[Keey Aerogel](https://millionrounds.com/company/keey-aerogel)** Series A · FR · Wind **$19M** With 4 others
- **2019** 1 round
- **Nov** **[Urania Therapeutics](https://millionrounds.com/company/urania-therapeutics)** Seed · FR · FinSMEs **$3.9M** With 1 other
- **2018** 1 round
- **Jul** **[Nextbiotix](https://millionrounds.com/company/nextbiotix)** Series A · US · Biocentury **$8.1M** With 3 others
- **2015** 1 round
- **Feb** **[Inoviem Scientific](https://millionrounds.com/company/inoviem-scientific)** Seed · FR **$566K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Seed Series A Series B

Median round joined **$12M** the round, not its cheque Alone, median **$566K**

Led 0 of 5 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2025

Rounds by stage said on their site

- Series A said *3*
- Seed said *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Bpifrance](https://millionrounds.com/fund/bpifrance) 2

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## Who they invest alongside

The investors most often in the same rounds as Cap Innov'Est. A count of rooms they were both in, not a relationship either has claimed.

[**Bpifrance** Government **2** rounds together](https://millionrounds.com/fund/bpifrance)

## Recently backed

The latest companies Cap Innov'Est put money into.

[**RDS** $16M · Sept 2025](https://millionrounds.com/company/rds)[**Keey Aerogel** $19M · Jan 2025](https://millionrounds.com/company/keey-aerogel)

## Quick answers about Cap Innov'Est

### What does Cap Innov'Est invest in?

Cap Innov'Est invests most often at Series A and Seed (100% of the rounds on record), in sectors such as Analytics, Information Technology and Investment Management.

### How active is Cap Innov'Est?

5 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2025.

### What has Cap Innov'Est invested in recently?

Its most recent investments on record: RDS (Series A, Sept 2025), Keey Aerogel (Series A, Jan 2025) and Urania Therapeutics (Seed, Nov 2019).

### How big are Cap Innov'Est's cheques?

The median round it joins is $12M.

### Does Cap Innov'Est lead rounds?

Rarely, if at all: none of its 5 investments on record names it as the lead.

### Where does Cap Innov'Est invest?

Most of the companies it backs are in France (80%) and the United States (20%).

### Is Cap Innov'Est investing now?

No investments in the last 12 months; the latest was in Sept 2025.

### Who does Cap Innov'Est invest alongside?

Most often Bpifrance (2 rounds together).

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