# Isai: portfolio, investments and team

> Isai is a vc firm based in France. 99 investments on record, 13 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Isai

Last cheque observed Oct 2026; 99 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Business-to-business Business To Business B2C

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Deploying now

**100%** of best year **13** **cheques in 12 months**, 99 on record

Since the last cheque **16** days **00** hrs **00** min **00** sec

Median round **$11M** Cheque size, as they say **$100K – $3.0M** Rounds led **0 of 99** Sole investor **12 rounds** Exits **2 from the portfolio** Mostly in **France, 61%**

Pitch Isai

## Isai highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Series A and Seed: 63% of its rounds
- 03 Sole investor in 12 rounds, median $4.0M
- 04 2 exits from the portfolio

## What they do

> Le fonds d'investissement des entrepreneurs de la Tech From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $3.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Business-to-business Business To Business B2C
- **Based in:** Paris, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **99 appearances**

- **2026** 11 rounds
- **Oct** **[Origin](https://millionrounds.com/company/origin)** Seed · US · The Economic Times: startups **$20M** With 7 others
- **Jul** **[Pelico](https://millionrounds.com/company/pelico)** Venture · FR **$40M** With 3 others
- **Jul** **[Medefer](https://millionrounds.com/company/medefer)** Venture · GB **Undisclosed** With 1 other
- **Jul** **[Panora](https://millionrounds.com/company/panora)** Seed · US **$5.1M** With 1 other
- **May** **[ProcurePro](https://millionrounds.com/company/procurepro)** AU · Ventureburn **$11M** With 4 others
- **Mar** **[Foresight Works](https://millionrounds.com/company/foresight-works)** Series A · GB **$25M** With 2 others
- **Mar** **[Kestra Technologies](https://millionrounds.com/company/kestra-technologies)** Series A · FR **$25M** With 4 others
- **Mar** **[Tacit Therapeutics](https://millionrounds.com/company/tacit-therapeutics)** Series A · US **$19M** With 2 others
- **Feb** **[Naboo](https://millionrounds.com/company/naboo)** Series B · FR · Ventureburn **$70M** With 5 others
- **Feb** **[IPS Portal](https://millionrounds.com/company/ips-portal)** Venture · JP **Undisclosed** With 2 others
- **Jan** **[GoCanopy](https://millionrounds.com/company/gocanopy)** Seed · FR **$2.5M** With 1 other
- **2025** 8 rounds
- **Dec** **[Sift Biosciences](https://millionrounds.com/company/sift-biosciences)** Pre-seed · US **$3.8M** With 1 other
- **Nov** **[Revibe](https://millionrounds.com/company/revibe)** Series A **$17M** With 3 others
- **Sept** **[Temelion](https://millionrounds.com/company/temelion)** Seed · FR **$3.8M** With 2 others
- **Jul** **[Carbyon](https://millionrounds.com/company/carbyon)** Series A · NL · Silicon Canals **Undisclosed** With 4 others
- **Jun** **[Pelico](https://millionrounds.com/company/pelico)** FR · Silicon Canals **$40M** With 3 others
- **Apr** **[Inicio](https://millionrounds.com/company/inicio)** Seed · FR **$4.6M** With 3 others
- **Jan** **[Naboo](https://millionrounds.com/company/naboo)** Series A · FR · TechCrunch **$21M** With 3 others
- **Jan** **[OFFROAD](https://millionrounds.com/company/offroad)** Seed · FR **$1.6M** With 3 others
- **2024** 9 rounds
- **Dec** **[Liquid AI](https://millionrounds.com/company/liquid-ai)** Series A · TechCrunch **$250M** With 5 others
- **Dec** **[Wecasa](https://millionrounds.com/company/wecasa)** Series B · FR **$19M** With 1 other
- **Sept** **[Kestra Technologies](https://millionrounds.com/company/kestra-technologies)** Seed · FR **$8.0M** With 3 others
- **Sept** **[Staffmatch](https://millionrounds.com/company/staffmatch)** Venture · FR **Undisclosed** With 2 others
- **Aug** **[Seed Therapeutics](https://millionrounds.com/company/seed-therapeutics)** Series A · US **$30M** Sole investor
- **Jun** **[Mercateam](https://millionrounds.com/company/mercateam)** Series A · FR **$5.4M** With 1 other
- **May** **[Supervizor](https://millionrounds.com/company/supervizor)** Series A · FR **$22M** With 1 other
- **Jan** **[Hiboo](https://millionrounds.com/company/hiboo)** Series A · FR **$10M** With 2 others
- **Jan** **[Prism BioLab](https://millionrounds.com/company/prism-biolab)** Series C · JP **$10M** With 3 others
- **2023** 10 rounds
- **Dec** **[ecoworks](https://millionrounds.com/company/ecoworks)** Series A · DE **$45M** With 1 other
- **Nov** **[blackshark.ai](https://millionrounds.com/company/blackshark-ai)** Series A · AT **$15M** With 3 others
- **Oct** **[MerciApp](https://millionrounds.com/company/merciapp)** Series A · FR **$5.2M** With 2 others
- **Sept** **[Hyku](https://millionrounds.com/company/hyku)** Seed · US **$56M** With 3 others
- **Sept** **[Ondorse](https://millionrounds.com/company/ondorse)** Seed · FR **$4.0M** With 1 other
- **Aug** **[Teale](https://millionrounds.com/company/teale)** Series A · FR **$11M** With 3 others
- **Jun** **[Gens de Confiance](https://millionrounds.com/company/gens-de-confiance)** Venture · FR **$2.1M** With 2 others
- **May** **[Axeptio](https://millionrounds.com/company/axeptio)** Seed · FR **$3.9M** With 1 other
- **Apr** **[Pricemoov](https://millionrounds.com/company/pricemoov)** Series A · FR **$10M** With 3 others
- **Mar** **[DataDome](https://millionrounds.com/company/datadome)** Series C · US **$42M** With 4 others
- **2022** 14 rounds
- **Oct** **[Beebs](https://millionrounds.com/company/beebs)** Series A · FR **$5.9M** With 1 other
- **Jul** **[Malt](https://millionrounds.com/company/malt)** Series D · FR **$61M** With 4 others

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 team

We hold **15** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Shopmium](https://millionrounds.com/company/shopmium)** Bought by [Quotient Technology](https://millionrounds.com/fund/quotient-technology) **Undisclosed** Nov 2015

**[Boticca](https://millionrounds.com/company/boticca)** Bought by Wolf & Badger **Undisclosed** Jul 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$11M** the round, not its cheque Alone, median **$4.0M**

Led 0 of 99 rounds **0%**

- **Said size:** $100K – $3.0M
- **Sole investor:** 12 rounds
- **Last cheque:** Oct 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series A said *37*
- Seed said *22*
- Series B said *15*
- Venture *13*
- Series C *4*
- Series D *2*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Bpifrance](https://millionrounds.com/fund/bpifrance) 12
- [Kima Ventures](https://millionrounds.com/fund/kima-ventures) 10
- [Accel](https://millionrounds.com/fund/accel) 6
- [Alven](https://millionrounds.com/fund/alven) 6
- [Serena](https://millionrounds.com/fund/serena) 5
- [Thibaud Elziere](https://millionrounds.com/fund/thibaud-elziere) 5

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## Who they invest alongside

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

[**Bpifrance** Government **12** rounds together](https://millionrounds.com/fund/bpifrance)[**Kima Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/kima-ventures)[**Accel** VC firm **6** rounds together](https://millionrounds.com/fund/accel)[**Alven** VC firm **6** rounds together](https://millionrounds.com/fund/alven)[**Serena** VC firm **5** rounds together](https://millionrounds.com/fund/serena)[**Thibaud Elziere** VC firm **5** rounds together](https://millionrounds.com/fund/thibaud-elziere)[**XAnge** VC firm **5** rounds together](https://millionrounds.com/fund/xange)[**Axeleo Capital** VC firm **4** rounds together](https://millionrounds.com/fund/axeleo-capital)[**Educapital** VC firm **4** rounds together](https://millionrounds.com/fund/educapital)[**Partech Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/partech)[**Ventech** VC firm **4** rounds together](https://millionrounds.com/fund/ventech)[**Wilco** Accelerator **4** rounds together](https://millionrounds.com/fund/wilco)

## Recently backed

The latest companies Isai put money into.

[**Origin** $20M · Oct 2026](https://millionrounds.com/company/origin)[**Pelico** $40M · Jul 2026](https://millionrounds.com/company/pelico)[**Medefer** Jul 2026](https://millionrounds.com/company/medefer)[**Panora** $5.1M · Jul 2026](https://millionrounds.com/company/panora)[**ProcurePro** $11M · May 2026](https://millionrounds.com/company/procurepro)[**Tacit Therapeutics** $19M · Mar 2026](https://millionrounds.com/company/tacit-therapeutics)

## Quick answers about Isai

### What does Isai invest in?

Isai invests most often at Series A and Seed (63% of the rounds on record), in sectors such as Business-to-business, Business To Business and B2C.

### How active is Isai?

99 investments on record, 13 of them in the last 12 months. The most recent was in Oct 2026.

### What has Isai invested in recently?

Its most recent investments on record: Origin (Seed, Oct 2026), Pelico (Venture, Jul 2026) and Medefer (Venture, Jul 2026).

### How big are Isai's cheques?

The median round it joins is $11M. It says it writes cheques of $100K to $3.0M.

### Does Isai lead rounds?

Rarely, if at all: none of its 99 investments on record names it as the lead.

### Where does Isai invest?

Most of the companies it backs are in France (61%), the United States (18%) and the United Kingdom (5%).

### Is Isai investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does Isai invest alongside?

Most often Bpifrance (12 rounds together), Kima Ventures (10 rounds together) and Accel (6 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=isai) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=isai)