About Alsace Business Angels
Alsace Business Angels, established in 2007, is an angel investment group based in Illkirch Graffenstaden, France. It primarily focuses on Seed investments in companies in France. Its portfolio includes 9 firms, spanning the Life Sciences, HealthTech sectors. Its most notable investments include companies like CellProthera, Kwit and Odimma. Its latest investment was a $2.2M Seed round in Odimma on May 02, 2023, which also saw participation from Capital Grand Est and Angels Sante.
To date, 13 investors have co-invested in Alsace Business Angels's portfolio companies, including prominent names like Bpifrance.
Key Metrics
Founded Year
2007
Location
Illkirch Graffenstaden, France
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
Alsace Business Angels' List of Top Investments
Alsace Business Angels has a portfolio of 9 companies. Their most notable investments are in Kwit and CellProthera.Their portfolio spans across France and Switzerland. They have invested in Life Sciences, HealthTech, Enterprise Applications and 4 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Alsace Business Angels:1. CellProthera
Developer of cell-based therapies for regenerative medicine. It focuses on developing a bioproduction platform to expand CD34+ cells, known as ProtheraCytes, to promote angiogenesis and revascularization of ischemic lesions. The therapy involves injecting CD34+ cells into patients with severe myocardial infarction to restore normal life and improve long-term cardiac function.
Key facts about CellProthera
- Founded Year: 2008
- Location: Mulhouse (France)
- Annual Revenue: €10.3K as on Dec 31, 2016
- Stage: Series B
- Total Funding till date: $31.3M
- Employee Count: 23 as on Jul 01, 2024
- Investors: Bpifrance, EIC Fund and 3 Others
- Latest Funding Round: Grant (prize money), Apr 30, 2021, $*****
- Highlight: Editors' Pick

2. Kwit
Kwit is a provider of an app for managing smoking addiction. It uses various game techniques and mechanisms. The app helps to overcome the withdrawal symptoms through different and personalized strategies to resist the desire to smoke and allows users to track day-to-day progress and share it on social media.
Key facts about Kwit
- Founded Year: 2012
- Location: Strasbourg (France)
- Stage: Seed
- Total Funding till date: $1.57M
- Employee Count: 23 as on Jul 01, 2024
- Investors: Kima Ventures, Caisse D Epargne and 4 Others
- Latest Funding Round: Seed, Jan 19, 2021, $*****
- Highlight: Editors' Pick
_1573478623695.png?format=webp&height=120&width=120)
3. Odimma
Provider of immunotherapy for cancer treatment. The company has patented immunization technology that improves the immune response against the tumor cell. Its technology uses a personalized DNA vector, live poxvirus as an adjuvant, and antiCTLA4 to develop anticancer therapy.
Key facts about Odimma
- Founded Year: 2017
- Location: Illkirch Graffenstaden (France)
- Stage: Seed
- Total Funding till date: $3.31M
- Employee Count: 5 as on Jul 01, 2024
- Investors: Bpifrance, Angels Sante and 3 Others
- Latest Funding Round: Seed, May 02, 2023, $*****

4. L'Empreinte
Provider of carbon footprint measurement platform. It offers solutions such as an optimized collection, aggregated, compared or detailed score, and more.
Key facts about L'Empreinte
- Founded Year: 2021
- Location: Metz (France)
- Stage: Seed
- Total Funding till date: $962K
- Employee Count: 8 as on Jul 01, 2024
- Investors: Alsace Business Angels, Yeast and 1 Other
- Latest Funding Round: Seed, Sep 29, 2022, $*****
Alsace Business Angels' Year-on-Year Investment Trends
Alsace Business Angels has invested in 9 companies over the last 17 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Odimma.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 3 | 0 | 3 |
Alsace Business Angels' Investments by Stage
Alsace Business Angels has made 8 investments in Seed stage with an average round size of $1.56M and 1 investment in Series A stage with an average round size of $2.66M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 1 |
Note: We have considered here, only first round of investments
Alsace Business Angels' Investments by Sector
Alsace Business Angels has a diverse portfolio, with companies operating in the Life Sciences, HealthTech, Sustainability Tech, Consumer and Consumer Goods. Notably, it has invested in 7 Tech companies, 5 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Life Sciences | 5 |
HealthTech | 2 |
Sustainability Tech | 2 |
Consumer | 1 |
Consumer Goods | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Alsace Business Angels' Investments by Geography
Alsace Business Angels has made most investments in France (8), followed by Switzerland where it has made 1 investment.Country | No. of Investments |
|---|---|
France | 8 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
Alsace Business Angels' recent investments
Alsace Business Angels has not made any investment in 2026 so far.Here are the most recent investments by Alsace Business Angels:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 02, 2023 | France | Seed | 2299 | [+2] | |
Dec 14, 2022 | France | Series A | 5870 | [+2] | |
Sep 29, 2022 | France | Seed | 6539 | [+1] | |
Oct 2021 | France | Seed | 2236 | [+2] | |
May 02, 2021 | France | Seed | 5460 | [+1] |
Co-investors of Alsace Business Angels
Over the past 17 years, 20 investors have co-invested in Alsace Business Angels's portfolio companies. This includes only funds.
- Invested before Alsace Business Angels: Capital Grand Est, EIC Fund and 1 other have invested in rounds before Alsace Business Angels. There is 1 company where Capital Grand Est has invested before Alsace Business Angels and 1 company where EIC Fund has invested before Alsace Business Angels.
- Top Co-investors of Alsace Business Angels: 13 investors entered a company along with Alsace Business Angels. These include investors like Bpifrance (5 companies).
- Invested after Alsace Business Angels: A total of 4 investors have invested in Alsace Business Angels's portfolio after their investments. Top Investors include EIC Fund (1 company) and Europa (1 company).
Recent News related to Alsace Business Angels
•
France-based Odimma Therapeutics raises EUR 2 million in seed fundingvcbay.news•May 04, 2023•Odimma, Capital Grand Est, Alsace Business Angels, Angels Sante and 2 others
•
Odimma Therapeutics secures €2 million to complete preparations for its FIM studyBusiness Wire•May 02, 2023•Odimma, Capital Grand Est, Alsace Business Angels, Bpifrance and 1 other
•
Miraxess locks down €2.5 million for consumer electronics offeringTech.eu•Jan 06, 2023•Miraxess, Bpifrance, Alsace Business Angels, Finovam Gestion and 1 other
•
BIONEXT raises €1M in seed fundingBIONEXT•Jan 28, 2015•BIONEXT, Alsace Business Angels, Capital Grand Est
•
