
Truffle Capital
Description
Truffle Capital is a prominent independent European venture capital firm, established in Paris, France, in 2001. The firm distinguishes itself by focusing on disruptive technologies, primarily within two key verticals: Life Sciences, encompassing Biotechnology and MedTech, and Digital, specifically FinTech and InsurTech. With a strategic emphasis on innovation, Truffle Capital aims to identify and nurture companies poised to revolutionize their respective industries.
Since its inception, Truffle Capital has demonstrated significant activity and success in the European venture ecosystem. The firm has successfully raised over €1.1 billion (approximately $1.188 billion) across various funds, deploying capital into more than 70 companies. This substantial capital base allows Truffle Capital to support its portfolio companies from early-stage development through to growth, often acting as a lead investor in funding rounds. Their investment philosophy is rooted in a long-term partnership approach, providing not just capital but also strategic guidance and operational support to founders.
Truffle Capital typically invests in companies across seed, early, and growth stages. Their initial cheque sizes generally range from €1 million to €10 million, translating to approximately $1.08 million to $10.8 million based on current exchange rates. This flexibility enables them to participate in various funding rounds, from initial seed investments to larger Series B or C rounds. The firm boasts an impressive track record of successful exits, including more than 15 IPOs and over 40 industrial exits, underscoring their ability to identify and scale high-potential ventures.
As a signatory of the UN Principles for Responsible Investment (PRI), Truffle Capital also integrates ESG considerations into its investment processes, reflecting a commitment to sustainable and ethical practices. Their specialized funds, such as Truffle BioMedTech and Truffle FinTech, further highlight their deep sector expertise and targeted investment approach within their core areas. This focused strategy, combined with a strong track record, positions Truffle Capital as a key player in the European venture capital landscape, particularly for innovative companies in life sciences and digital sectors.
Investor Profile
Truffle Capital has backed more than 56 startups, with 1 new investments in the last 12 months alone. The firm has led 28 rounds, about 50% of its total and boasts 18 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series Unknown, Series B rounds (top funding stages).
- Majority of deals are located in France, United States, The Netherlands.
- Strong thematic focus on Biotechnology, Financial Services, Health Care.
- Led 1 rounds in the past year.
- Typical check size: $1.1M – $10.8M.
Stage Focus
- Series A (29%)
- Series Unknown (16%)
- Series B (16%)
- Seed (11%)
- Undisclosed (9%)
- Post Ipo Equity (5%)
- Private Equity (5%)
- Series C (5%)
- Pre Seed (2%)
- Secondary Market (2%)
Country Focus
- France (71%)
- United States (5%)
- The Netherlands (5%)
- United Kingdom (4%)
- Belgium (4%)
- Switzerland (4%)
- Morocco (2%)
- Romania (2%)
- Estonia (2%)
- Austria (2%)
Industry Focus
- Biotechnology
- Financial Services
- Health Care
- Fintech
- Medical
- Software
- Information Technology
- Manufacturing
- Pharmaceutical
- Biopharma
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.