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Citizen Capital

Europe, Ile-de-France, France, Paris

Description

Citizen Capital is a prominent French private equity firm, established in 2008, recognized as a pioneer in impact investing within France. Based in Paris, the firm is dedicated to demonstrating that financial performance can be intrinsically linked with positive social and environmental impact. Their core philosophy revolves around identifying and supporting companies that not only exhibit strong growth potential but also contribute meaningfully to societal well-being and ecological transition. This dual objective positions Citizen Capital as a key player in the evolving landscape of responsible finance.

The firm employs a flexible investment strategy, targeting companies across various stages, from early-stage venture to more mature growth equity. For early-stage companies, typically Series A/B, Citizen Capital provides venture capital with initial investment tickets ranging from approximately $1.08 million to $5.4 million (equivalent to €1 million to €5 million). For growth-stage companies, often at Series B/C, their investments scale up, with first checks typically falling between $3.24 million and $16.2 million (equivalent to €3 million to €15 million). This broad range allows them to support businesses through different phases of development, ensuring sustained impact and financial returns.

Citizen Capital's commitment to impact is evident in its portfolio, which spans various sectors including sustainable consumption, healthcare, education, and circular economy initiatives. The firm manages over $216 million USD (equivalent to more than €200 million) across several funds, including dedicated vehicles for venture, growth, and ecological transition. Since its inception, Citizen Capital has supported more than 30 companies, actively engaging with their management teams to foster both financial success and measurable positive outcomes. Their approach underscores a belief that capital can be a powerful force for good, driving innovation and systemic change while delivering competitive returns for investors.

Investor Profile

Citizen Capital has backed more than 33 startups, with 3 new investments in the last 12 months alone. The firm has led 12 rounds, about 36% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Seed rounds (top funding stages).
  • Majority of deals are located in France, United States, Luxembourg.
  • Strong thematic focus on Training, Health Care, Artificial Intelligence (AI).
  • Led 1 rounds in the past year.
  • Typical check size: $1.1M – $16.2M.

Stage Focus

  • Series A (33%)
  • Series Unknown (21%)
  • Seed (15%)
  • Series B (12%)
  • Series C (9%)
  • Pre Seed (6%)
  • Initial Coin Offering (3%)

Country Focus

  • France (76%)
  • United States (12%)
  • Luxembourg (6%)
  • Germany (6%)

Industry Focus

  • Training
  • Health Care
  • Artificial Intelligence (Ai)
  • Information Technology
  • E-commerce
  • Shopping
  • Construction
  • Education
  • Software
  • Edtech
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Citizen Capital frequently co-invest with?

Isai
Europe, Ile-de-France, France, Paris
Co-Investments: 3
Investir&+
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Innovacom
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Bleu Capital
North America, New York, United States, New York
Co-Investments: 2
MC
North America, Washington, United States, Redmond
Co-Investments: 2
Daphni
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Partech
Europe, Ile-de-France, France, Paris
Co-Investments: 2
MAIF Avenir
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Swen Capital Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Bpifrance
Europe, Ile-de-France, France, Maisons-alfort
Co-Investments: 4

Which angels does Citizen Capital often collaborate with?

CG
Europe, Ile-de-France, France, Paris
Shared Deals: 1
GD
Europe, Ile-de-France, France, Paris
Shared Deals: 1
ND
Europe, Ile-de-France, France, Paris
Shared Deals: 1
KB
Europe, Berlin, Germany, Berlin
Shared Deals: 1
XN
Europe, Ile-de-France, France, Paris
Shared Deals: 1
LA
Europe, Lazio, Italy, Rome
Shared Deals: 1
EU
Europe, Ile-de-France, France, Paris
Shared Deals: 1
Yat Siu
Asia, Hong Kong Island, Hong Kong, Hong Kong
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Citizen Capital?

Didask

Bagnolet, Ile-de-France, France

Didask is an IT company that helps organizations and trainers with e-learning applications based on digital technology.

E-LearningSoftwareTraining
Series UnknownMay 13, 2025
Amount Raised: $11,185,132
Bluwhale

Santa Clara, California, United States

Bluwhale is a platform for decentralized knowledge data that enables Dapps to add intelligence via API calls.

Artificial Intelligence (AI)Computer VisionMachine LearningWeb3
Series AJan 27, 2025
Amount Raised: $25,000,000
Hubcycle

Avignon, Provence-Alpes-Cote d'Azur, France

Hubcycle converts fruit and vegetable waste into raw materials for the hygiene and food industries.

Environmental ConsultingProfessional ServicesRecycling
Series AOct 28, 2024
Amount Raised: $16,226,478
CardioParc

Saint-genis-laval, Rhone-Alpes, France

CardioParc is a digitally-driven facility with a team of assistants, nurses, technicians, and cardiologists, ensuring minimal waiting times.

Health CareHospitalMedical
Series UnknownJan 17, 2024
Amount Raised: $10,885,550
Hiboo

Paris, Ile-de-France, France

The all-in-one tool for your equipment data, operations, and maintenance

ConstructionHardwareInformation TechnologyInternet of ThingsLogisticsSoftware Engineering
Series ADec 12, 2023
Amount Raised: $10,042,600
Karos

Paris, Ile-de-France, France

Karos transform available car seats into public transport networks, leveraging AI and mobile technologies.

Artificial Intelligence (AI)Machine LearningMobile AppsRide Sharing
Series CNov 27, 2023
Amount Raised: $18,632,118
Darewise Entertainment

Paris, Ile-de-France, France

Darewise Entertainment is a social online gaming company that provides interactive and socially-connected experiences through gaming.

GamingMMO GamesOnline GamesVideo Games
Initial Coin OfferingOct 17, 2023
Amount Raised: $3,500,000
Novo

Berlin, Berlin, Germany

Novo is to make it easier for everyone to take stock and plan energy-related renovations.

Construction
Pre SeedSep 27, 2023
Amount Raised: $1,050,531
NOVO

Berlin, Berlin, Germany

Digital analysis, planning and financing of energy renovation for real estate

ConstructionEnergyGreen Building
Pre SeedSep 27, 2023
Amount Raised: $1,050,531
SustainCERT

Luxembourg, Luxembourg, Luxembourg

SustainCERT is a carbon emissions accounting and verification platform for carbon markets and corporate value chains.

Innovation ManagementProduct DesignRetail TechnologySustainability
Series BJun 7, 2023
Amount Raised: $36,939,325