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Truffle Capital

Europe, Ile-de-France, France, Paris

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
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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 Truffle Capital frequently co-invest with?

Novartis Venture Fund
Europe, Basel-Stadt, Switzerland, Basel
Co-Investments: 7
Evolem Start
Europe, Rhone-Alpes, France, Lyon
Co-Investments: 5
P
North America, Florida, United States, Miami
Co-Investments: 2
AG2R La Mondiale
Europe, Ile-de-France, France, Paris
Co-Investments: 3
HealthCap
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
H
Europe, Rhone-Alpes, France, Lyon
Co-Investments: 2
Idinvest Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 3
Bpifrance
Europe, Ile-de-France, France, Maisons-alfort
Co-Investments: 3
PRO BTP
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Freshmen Fund
Europe, Antwerpen, Belgium, Antwerp
Co-Investments: 2

Which angels does Truffle Capital often collaborate with?

CC
Europe, Ile-de-France, France, Paris
Shared Deals: 1
AW
Europe, Ile-de-France, France, Paris
Shared Deals: 1

What are some of recent deals done by Truffle Capital?

Wyden

Zürich, Zurich, Switzerland

Wyden is a fintech company that provides digital asset trading services for institutions, funds, and asset managers.

BankingBitcoinBlockchainCryptocurrencyFinancial ServicesFinTechTrading Platform
Series BNov 12, 2024
Amount Raised: $16,900,000
Levenue

Breda, Noord-Brabant, The Netherlands

We are creating the largest European revenue-based finance marketplace that transforms recurring revenues into upfront cash instantly.

Financial ServicesFinTechMarketplace
Series ANov 15, 2023
Amount Raised: $8,683,627
Obat

Nantes, Pays de la Loire, France

Obat develops SaaS software for contractors and the self-employed for invoicing.

Information TechnologyIT InfrastructureSoftwareSoftware Engineering
Series ANov 15, 2023
Amount Raised: $13,025,441
MoneyTrack

Paris, Ile-de-France, France

MoneyTrack is a global, decentralized blockchain platform for Directed Money.

Financial Services
Series AJan 12, 2023
Amount Raised: $2,171,972
Obat

Nantes, Pays de la Loire, France

Obat develops SaaS software for contractors and the self-employed for invoicing.

Information TechnologyIT InfrastructureSoftwareSoftware Engineering
SeedSep 18, 2022
Amount Raised: $6,013,344
Abivax

Paris, Ile-de-France, France

Abivax develops medicines that alter the body's natural immune system mechanisms.

BiotechnologyHealth CareTherapeutics
Post Ipo EquitySep 2, 2022
Amount Raised: $48,968,769
Bridge

Paris, Ile-de-France, France

Bridge is a financial data company that provides payment initiation and account information services.

Financial Services
Series AJul 7, 2022
Amount Raised: $20,338,949
Cachet

Tallinn, Harjumaa, Estonia

Cachet is a financial services marketplace that provides motor insurance services.

Financial ServicesInsuranceInsurTechInternetMarketplace
Series AMay 12, 2022
Amount Raised: $5,708,391
RollingFunds

Paris, Ile-de-France, France

RollingFunds is a credit management platform that provides loans for small businesses.

FinanceFinancial ServicesFinTechInformation TechnologySmall and Medium Businesses
Series BFeb 9, 2022
Amount Raised: $5,710,748
Cake App

Hasselt, Limburg, Belgium

Cake App is the profitable banking app.

AppsFinanceFinancial Services
SeedJan 13, 2022
Amount Raised: $5,269,959