Invest in French startups
From 10,000 euros, access the most promising French startups and SMEs. From seed to scale-up, deal by deal or through funds.
Invest deal by deal or via our VC funds
Caption offers you two complementary ways to invest in French startups, based on your profile and objectives.
Deal by deal — Caption
From 10,000 euros, access carefully vetted startups and SMEs, sourced and structured by Caption. You choose the companies you invest in, one by one, via our private marketplace.
VC Funds — Clint Capital
Invest in a diversified portfolio of startups through our thematic investment funds, managed by Clint Capital, our AMF-approved asset management company. A fund approach to pool risk and benefit from experienced managers' expertise.
Deal by deal, sourced by Caption
Our team identifies, analyses and structures each opportunity. You invest in the startups that suit you, with full knowledge of the facts.
Extreme selectivity
We review numerous applications each year and fewer than 2% pass our investment committee. Each startup is evaluated on founder quality, business model and market potential.
You choose
Each opportunity is presented with a detailed investment memorandum. You freely decide which startups to invest in, at your own pace, based on your convictions.
Caption handles the structuring
Creation of dedicated holding companies, legal management, financial flows and reporting: Caption handles all execution for a seamless investment experience.
Our funds, managed by Clint Capital
For those who prefer a diversified and delegated approach, our venture capital funds are managed by Clint Capital, our AMF-approved Portfolio Management Company.
Experienced managers
Over 15 years of venture capital experience (Axeleo Capital, Vinci Corporate Fund). A team that combines financial rigour and entrepreneurial experience to select the most promising startups.
Niche B2B startups
Our funds exclusively target primary-stage startups positioned in high-value B2B niches. Founders with solid fundamentals, in defensible and uncrowded markets.
Pragmatic exit strategy
Targeted exits between 80 and 150 million euros, representing 88% of transactions in Europe. A realistic approach, planned from entry, far from speculative valuations.
Private equity, the best-performing asset class
According to France Invest, French private equity has delivered an annualised performance of 12.2% over 15 years, leading all asset classes.
Annualised performance over 15 years by asset class (%)
Disclaimer: past performance does not guarantee future results. Investing in unlisted assets carries a risk of partial or total loss of invested capital. Source: France Invest (2022).
From subscription to monitoring
A seamless journey, from discovering the opportunity to managing your investment.
Investment memorandum
Access our memorandum presenting the startup, its market, key metrics, financial terms and associated risks.
Discussion with your manager
A dedicated call can be arranged with your private manager to answer all your questions before subscribing.
Digital subscription
Sign electronically, make your transfer. Everything is done online, in just a few minutes.
Reporting and monitoring
Access your private portfolio, track the performance of your holdings and receive regular reports on the progress of each company.
Frequently Asked Questions
Caption offers two approaches: deal by deal (direct investment in a startup via a dedicated holding company) and investment funds (diversified startup portfolio managed by Clint Capital, our AMF-approved AMC). You invest online, in just a few clicks.
The entry ticket is 10,000 euros for deal-by-deal operations. For investment funds managed by Clint Capital, the ticket varies by vehicle (from 100,000 euros for professional FPCIs).
Startup investment is a long-term commitment. The durations indicated are for guidance only and do not constitute a guarantee: 3 to 7 years for deal by deal, 7 to 10 years for funds. Liquidity is limited before exit (sale, IPO or buyback).
Our team analyses nearly 2,000 companies per year. Selection criteria include founder quality, business model, market potential and exit strategy. Fewer than 5% of applications reviewed are retained.
According to the France Invest 2022 study, French private equity has delivered an annualised performance of 12.2% over 15 years. It is the best-performing asset class over the long term. However, past performance does not guarantee future results.
Yes. Investing in unlisted startups is inherently risky. A significant proportion of startups fail. Invested capital can be lost entirely. Each investment memorandum details the risks specific to the operation.
If you cannot find the startup you are looking for among our current operations, check our wishlist. You can submit your requests and we will explore the possibility of structuring a dedicated operation.
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Invest in French startups
Join investor members who access the best startups in the French Tech ecosystem.