# Truffle Capital: portfolio, investments and team

> Truffle Capital is a vc firm based in France. 22 investments on record, 2 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Truffle Capital

Last cheque observed Oct 2026; 22 cheques on record.

Email

VC firm Deploying now

Seed Series A Series B Insurtechs Bank Fintechs

Follow Truffle Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftruffle-capital)

Deploying now

**100%** of best year **2** **cheques in 12 months**, 22 on record

Since the last cheque **24** days **00** hrs **00** min **00** sec

Median round **$55M** Cheque size, as they say **$1.0M – $6.0M** Rounds led **0 of 22** Sole investor **3 rounds** Exits **3 from the portfolio** Mostly in **France, 50%**

Pitch Truffle Capital

## Truffle Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Venture and Series A: 62% of its rounds
- 03 Sole investor in 3 rounds, median $3.2M
- 04 3 exits from the portfolio

## What they do

> Truffle Capital has been a leading independent European Business Builder, at the forefront of creating, financing and nurturing innovation From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $6.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Insurtechs Bank Fintechs
- **Based in:** Paris, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **22 appearances**

- **2026** 2 rounds
- **Oct** **[Albert](https://millionrounds.com/company/albert)** Series B · US · Pulse 2.0 **$55M** With 10 others
- **Oct** **[Cachet](https://millionrounds.com/company/cachet)** EE · ArcticStartup **$12M** With 2 others
- **2015** 3 rounds
- **Jun** **[MyoPowers Medical Technologies](https://millionrounds.com/company/myopowers-medical-technologies)** Series C · CH **$5.1M** With 2 others
- **Jun** **[Actility](https://millionrounds.com/company/actility)** Series A · FR **$25M** With 6 others
- **Feb** **[Vaxin](https://millionrounds.com/company/vaxin)** Venture · US **$16M** With 3 others
- **2014** 1 round
- **Apr** **[SP3H](https://millionrounds.com/company/sp3h)** Venture · FR **$3.2M** Sole investor
- **2013** 1 round
- **Sept** **[BoosterMedia](https://millionrounds.com/company/boostermedia)** Series A · NL · gamasutra.com **$5.0M** With 1 other
- **2012** 2 rounds
- **May** **[SP3H](https://millionrounds.com/company/sp3h)** Venture · FR · finsmes.com **$2.8M** Sole investor
- **Feb** **[Pharnext](https://millionrounds.com/company/pharnext)** Venture · FR · finsmes.com **$11M** With 1 other
- **2011** 3 rounds
- **Sept** **[Pharnext](https://millionrounds.com/company/pharnext)** Series B · FR · pharnext.com **$3.5M** Sole investor
- **Jul** **[MyoPowers Medical Technologies](https://millionrounds.com/company/myopowers-medical-technologies)** Series B · CH · finsmes.com **$16M** With 2 others
- **Jun** **[Utel](https://millionrounds.com/company/utel)** Venture · FR · finsmes.com **$4.0M** With 1 other
- **2010** 2 rounds
- **Jun** **[Pharnext](https://millionrounds.com/company/pharnext)** Series A · FR · onbiovc.com **$5.8M** With 1 other
- **Mar** **[Immune Targeting Systems](https://millionrounds.com/company/immune-targeting-systems)** Series A · GB · onbiovc.com **$13M** With 3 others
- **2007** 3 rounds
- **Sept** **[PeopleCube](https://millionrounds.com/company/peoplecube)** Venture · US · peoplecube.com **$17M** With 1 other
- **Jul** **[Neovacs](https://millionrounds.com/company/neovacs)** Venture · FR · neovacs.fr **$18M** With 1 other
- **Jul** **[Immune Targeting Systems](https://millionrounds.com/company/immune-targeting-systems)** Series A · GB **$7.1M** With 3 others
- **2006** 2 rounds
- **Feb** **[Cytomics Pharmaceuticals](https://millionrounds.com/company/cytomics-pharmaceuticals)** Series B · FR · rubicon-net.org **$12M** With 2 others
- **Jan** **[RF-iT Solutions](https://millionrounds.com/company/rf-it-solutions)** Series A · AT **$4.9M** With 1 other
- **2005** 1 round
- **Jun** **[Theradiag](https://millionrounds.com/company/theradiag)** Series C · FR **$6.1M** With 5 others
- **2003** 1 round
- **May** **[Theradiag](https://millionrounds.com/company/theradiag)** Series B · FR **$10M** With 7 others
- **Undated** 1 round
- **-** **[Hydrosat](https://millionrounds.com/company/hydrosat)** Series B · US · Firms' own news pages **$60M** With 9 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 **3 in all**

**[Immune Targeting Systems](https://millionrounds.com/company/immune-targeting-systems)** Bought by Vaxin **Undisclosed** Feb 2015

**[PeopleCube](https://millionrounds.com/company/peoplecube)** Bought by Asure Software **Undisclosed** Jul 2012

**[RF-iT Solutions](https://millionrounds.com/company/rf-it-solutions)** Bought by Enso Detego GmbH **Undisclosed** Jan 2012

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

## The cheque

Seed Series A Series B

Median round joined **$55M** the round, not its cheque Alone, median **$3.2M**

Led 0 of 22 rounds **0%**

- **Said size:** $1.0M – $6.0M
- **Sole investor:** 3 rounds
- **Last cheque:** Oct 2026
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Venture *7*
- Series A said *6*
- Series B said *6*
- Series C *2*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Novartis Venture Fund](https://millionrounds.com/fund/novartis-venture-fund) 6
- [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) 3
- [123Venture](https://millionrounds.com/fund/123venture) 2
- [Auriga Partners](https://millionrounds.com/fund/auriga-partners) 2
- [Groupe Siparex](https://millionrounds.com/fund/groupe-siparex) 2
- [HealthCap](https://millionrounds.com/fund/healthcap) 2

**Pitching Truffle Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

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

[**Novartis Venture Fund** Corporate VC **6** rounds together](https://millionrounds.com/fund/novartis-venture-fund)[**Idinvest Partners** Private equity **3** rounds together](https://millionrounds.com/fund/idinvest-partners)[**123Venture** VC firm **2** rounds together](https://millionrounds.com/fund/123venture)[**Auriga Partners** VC firm **2** rounds together](https://millionrounds.com/fund/auriga-partners)[**Groupe Siparex** VC firm **2** rounds together](https://millionrounds.com/fund/groupe-siparex)[**HealthCap** VC firm **2** rounds together](https://millionrounds.com/fund/healthcap)[**London Technology Fund** VC firm **2** rounds together](https://millionrounds.com/fund/london-technology-fund)[**Ventech** VC firm **2** rounds together](https://millionrounds.com/fund/ventech)

## Recently backed

The latest companies Truffle Capital put money into.

[**Albert** $55M · Oct 2026](https://millionrounds.com/company/albert)[**Cachet** $12M · Oct 2026](https://millionrounds.com/company/cachet)[**Hydrosat** $60M](https://millionrounds.com/company/hydrosat)

## Quick answers about Truffle Capital

### What does Truffle Capital invest in?

Truffle Capital invests most often at Venture and Series A (62% of the rounds on record), in sectors such as Insurtechs, Bank and Fintechs.

### How active is Truffle Capital?

22 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026.

### What has Truffle Capital invested in recently?

Its most recent investments on record: Albert (Series B, Oct 2026) and Cachet (Undisclosed round, Oct 2026).

### How big are Truffle Capital's cheques?

The median round it joins is $55M. It says it writes cheques of $1.0M to $6.0M.

### Does Truffle Capital lead rounds?

Rarely, if at all: none of its 22 investments on record names it as the lead.

### Where does Truffle Capital invest?

Most of the companies it backs are in France (50%), the United States (18%) and Switzerland (9%).

### Is Truffle Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Truffle Capital invest alongside?

Most often Novartis Venture Fund (6 rounds together), Idinvest Partners (3 rounds together) and 123Venture (2 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

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=truffle-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=truffle-capital)