About Aonia
Aonia is a venture capital firm located in Paris, France. As of Jun 2026, Aonia is an active investor, having invested in 24 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Seed round of Linc Fr Ltd Overall, Aonia portfolio has seen 1 unicorn, 1 IPO and 2 acquisitions including key companies like Alan, My Small Placement and Field Trip Health and Wellness. A lot of funds co-invest with Aonia, with names like Kima Ventures sharing a substantial percentage of its portfolio. Aonia has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Aonia's List of Top Investments
Aonia has a portfolio of 24 companies, one of which is a Unicorn. Their most notable investmentis in SiS-idTheir portfolio spans across France, United States, Canada and 1 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 19 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Aonia:
1. Alan
Platform offering health insurance, preventative care, and related well-being services. The company offers health coverage options for businesses of various sizes, including start-ups, small to medium-sized enterprises, and large corporations. It also provides plans for individuals, such as self-employed workers and retirees. The offerings include digital tools and resources designed to improve health outcomes and streamline administrative tasks related to healthcare benefits.
Key facts about Alan
- Founded Year: 2016
- Location: Paris (France)
- Annual Revenue: €1B+ as on Dec 31, 2024
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $863M
- Employee Count: 1,563 as on Aug 31, 2026
- Investors: Dragoneer Investment Group, Lakestar and 30 Others
- Latest Funding Round: Series G, Jun 25, 2026, $*****
- Highlight: Editors' Pick
2. Beyond Aero
Developer of electric business aircraft using hydrogen propulsion systems. The company focuses on creating aircraft to reach extended nautical mile ranges. It designs prototypes and explores technological breakthroughs in aviation. The company also provides insights and key data to investors.
Key facts about Beyond Aero
- Founded Year: 2020
- Location: Toulouse (France)
- Stage: Series A
- Total Funding till date: $47.9M
- Employee Count: 95 as on Aug 31, 2026
- Investors: Zeno Ventures, Kima Ventures and 16 Others
- Latest Funding Round: Series A, Oct 28, 2024, $*****
- Highlight: Editors' Pick
Online platform offering utility bill management solutions. It leverages smart home technology and analytics solutions that help users to save electricity and reduce their carbon footprint.
Key facts about Branch Energy
- Founded Year: 2020
- Location: Houston (United States)
- Stage: Series B
- Total Funding till date: $48.3M
- Employee Count: 26 as on Aug 31, 2026
- Investors: Inovia Capital, Global Founders Capital and 10 Others
- Latest Funding Round: Series B, Sep 15, 2026, $*****
- Highlight: Editors' Pick
4. Geev
Platform facilitating the exchange of donated goods between individual users. The digital service allows individuals to post listings for items they wish to provide at no cost. Other users browse these listings to find available products and coordinate retrieval directly with the donor. The system functions through a mobile application and website, enabling the circulation of household items, furniture, clothing, and food. By providing a centralized space for these transactions, the service encourages the redistribution of used goods. Participation involves creating a profile to contact others regarding available listings. This model promotes the reuse of various personal belongings without financial transactions between the involved parties.
Key facts about Geev
- Founded Year: 2016
- Location: Bordeaux (France)
- Stage: Series B
- Total Funding till date: $8.36M
- Employee Count: 67 as on Aug 31, 2026
- Investors: BNP Paribas Developpement, Aonia and 6 Others
- Latest Funding Round: Series B, Feb 09, 2024, $*****
Online platform offering insurance & retirement services. It allows users to invest in retirement by combining performance and security.
Key facts about My Small Placement
- Founded Year: 2017
- Location: Lyon (France)
- Stage: Acquired
- Total Funding till date: $15.4M
- Employee Count: 80 as on Aug 31, 2026
- Investors: Aonia, Mandalore Partners and 7 Others
- Latest Funding Round: Series A, Oct 17, 2023, $*****
- Highlight: Acquired
Aonia's Year-on-Year Investment Trends
Aonia has invested in 24 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. As of Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Linc Fr Ltd.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 3 | 0 | 3 |
2021 | 3 | 0 | 3 |
Aonia's Investments by Stage
Aonia has made 5 investments in Seed stage with an average round size of $3.62M and 3 investments in Series A stage with an average round size of $5.31M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 3 |
Note: We have considered here, only first round of investments
Aonia's Investments by Sector
Aonia has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Enterprise Infrastructure, High Tech and Aerospace, Maritime and Defense Tech. Notably, it has invested in 21 Tech companies, 11 Consumer (B2C) companies, 11 Enterprise (B2B) companies and at least 10 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
FinTech | 4 |
Enterprise Infrastructure | 2 |
High Tech | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
Aonia's Investments by Geography
Aonia has made most investments in France (8).Aonia's recent investments
Aonia has made 2 investments in 2026 so far - Linc Fr Ltd and Cleavr.Here are the most recent investments by Aonia:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2026 | France | Seed | 2582 | [+9] | |
Mar 20, 2026 | France | Seed | 3155 | [+4] | |
Oct 15, 2022 | France | Seed | 8548 | [+1] | |
Oct 14, 2022 | France | Seed | 7495 | [+4] | |
Jul 13, 2022 | France | Series A | 7582 | [+4] |
Unicorns in Aonia's Portfolio
Aonia has 1 unicorn in its portfolio - Alan. The most recent unicorn in their portfolio is Alan which became a unicorn in 2021, 5 years before Aonia first invested in it.Here is a list of unicorns in Aonia's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
81 | Platform offering health insurance, preventative care, and related well-being services | 2016 | Paris | Series G | {bbuzkp |
IPOs and Publicly Listed companies in Aonia's Portfolio
1 of Aonia's portfolio company became public - Field Trip Health and Wellness. It got listed on the Canadian Securities Exchange (CSE), in Oct 2020.Here are Aonia's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 06, 2020 | - | - | 8897 |
Acquired companies in Aonia's Portfolio
2 companies from Aonia's portfolio have been acquired. The most recent acquisition was SiS-id in Jun 2025 by Eftsure for $*****.Here are Aonia's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 25, 2025 | Jan 20, 2021 | Series A | 4597 | |
May 07, 2025 | Nov 16, 2021 | Series A | 9406 |
Team profile of Aonia
Aonia has a team of 3 members including 2 Partners located in France and Switzerland. Aonia's team does not sit on the board of any company as of now.Co-investors of Aonia
Over the past 5 years, 45 investors have co-invested in Aonia's portfolio companies. This includes funds and angels.
- Invested before Aonia: EIC Fund, Kima Ventures and 2 others have invested in rounds before Aonia. There is 1 company where EIC Fund has invested before Aonia and 1 company where Kima Ventures has invested before Aonia.
- Top Co-investors of Aonia: 29 investors entered a company along with Aonia. These include investors like Kima Ventures (3 companies).
- Invested after Aonia: A total of 12 investors have invested in Aonia's portfolio after their investments. Top Investors include Initialized Capital (1 company), Y Combinator (1 company) and Climate Capital (1 company).
Recent News related to Aonia
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Exclusive: Flease raises €13M to shake up France’s corporate fleet marketTech Funding News•Jun 23, 2026•Aonia, 50 Partners, Acadian Ventures, Founders Future and 7 others
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Cleavr Raises €1M For AI-Powered Accounts Receivable ManagementStartup Rise EU•Mar 20, 2026•Better Angle, Cleavr, Kima Ventures, Super Capital Group and 4 others
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Paris-based Namla nabs €1.2 million to facilitate edge computing as the next IT revolutionEU-Startups•Oct 14, 2022•Namla, Elaia, Aonia
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Mon Petit Placement raises 6 million euros to democratize stock market investmentFrenchWeb•Nov 16, 2021•My Small Placement, Bpifrance, Insurtech Capital, Weaving and 3 others
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Lyonnais Sis ID raises 5 million euros to fight against bank transfer fraudFrenchWeb•Jan 20, 2021•SiS-id, Bpifrance, BNP Paribas, Aonia
