About Demeter
Demeter is a venture capital firm founded in 2005. It is primarily based out of Paris, France. As of Jan 2026, Demeter is an active investor, having invested in 173 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in France based startups. Its investments are spread across a wide range of sectors from Food and Agriculture Tech to High Tech and Enterprise Applications. Most recently it participated in the $***** Series A round of Quideos Overall, Demeter portfolio has seen 2 unicorns, 7 IPOs and 31 acquisitions including key companies like Verkor, Plan A and Paprec. A lot of funds co-invest with Demeter, with names like CEA Investissement sharing a substantial percentage of its portfolio. Demeter has team of 39 people including 21 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Demeter's List of Top Investments
Demeter has a portfolio of 173 companies, including 2 unicorns. Their most notable investments are in Ynsect and Ynsect.Their portfolio spans across France, United States, Germany and 8 more locations. They have invested in Food and Agriculture Tech, High Tech, Enterprise Applications and 33 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Demeter:
1. Verkor
Manufacturer of lithium ion battery cells for electric vehicle mobility. Production processes focus on the fabrication of energy storage components designed for integration into transportation systems. These battery modules support the transition toward electrified propulsion by providing power storage capacity for automotive applications. The manufacturing operations utilize automated assembly lines to ensure consistent output of energy cells.
Key facts about Verkor
- Founded Year: 2020
- Location: Grenoble (France)
- Annual Revenue: €50M - €100M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $1.34B
- Employee Count: 1,002 as on Sep 30, 2026
- Investors: EQT, Abn Amro and 37 Others
- Latest Funding Round: Series C, Oct 31, 2024, $*****
- Highlight: Editors' Pick
2. Plan A
Provider of carbon accounting, decarbonisation, and corporate social responsibility reporting software. The company offers a platform combining technologies and scientific standards. The platform enables businesses to manage their net-zero journey, from data collection and emissions calculations to target setting and decarbonisation. The company’s software and services are developed in collaboration with its Scientific Advisory Board.
Key facts about Plan A
- Founded Year: 2017
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 234 as on Sep 30, 2026
- Investors: Visa, HV Capital and 11 Others
- Latest Funding Round: Series A, Sep 19, 2023, $*****
- Highlight: Acquired
3. Paprec
Key facts about Paprec
- Founded Year: 1994
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $1.01B
- Employee Count: 3,483 as on Sep 30, 2026
- Investors: Demeter, BNP Paribas Developpement and 12 Others
- Latest Funding Round: Grant (prize money), Dec 04, 2023, $*****
- Highlight: Acquired
Provider of LiDAR-based spatial intelligence pre-processors. It provides solutions for monitoring the flow of people, goods, or vehicles that include smart cities, road safety, logistics, and security and surveillance applications. It features localization and mapping, point-wise perception, object detection, and tracking capabilities.
Key facts about Outsight Technologies
- Founded Year: 2019
- Location: Paris (France)
- Stage: Series A
- Total Funding till date: $41.6M
- Employee Count: 128 as on Aug 31, 2026
- Investors: BNP Paribas, Demeter and 9 Others
- Latest Funding Round: Grant (prize money), Nov 30, 2022, $*****
- Highlight: Editors' Pick
5. Cityscoot
Cityscoot is a France-based company which offers dockless electric scooter rental services, via its mobile apps (iOS/Android). The scooters can be located and accessed using the company's app and can be left at any location post usage (operates a dockless/free-float service). The scooters are developed by German company GOVECS. The company attaches a self-developed black-box to the scooters, which enables booking, tracking, and geo-locating of the scooters. Claims that an in-house team maintains/recharges the bikes.
Key facts about Cityscoot
- Founded Year: 2014
- Location: Paris (France)
- Annual Revenue: €10M - €50M as on Mar 31, 2022
- Stage: Acquired
- Total Funding till date: $93.6M
- Employee Count: 80 as on Sep 30, 2026
- Investors: 123 Investment Managers, Demeter and 9 Others
- Latest Funding Round: Grant (prize money), Aug 16, 2021, $*****
- Highlight: Acquired
Demeter's Year-on-Year Investment Trends
Demeter has invested in 176 companies over the last 21 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Quideos and most recent follow-on round was in Phagos.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 2 | 4 |
2024 | 2 | 1 | 3 |
2023 | 6 | 6 | 12 |
2022 | 13 | 7 | 20 |
2021 | 12 | 1 | 13 |
2020 | 6 | 5 | 11 |
2019 | 12 | 7 | 19 |
2018 | 5 | 5 | 10 |
2017 | 2 | 4 | 6 |
Demeter's Investments by Stage
Demeter has made 59 investments in Series A stage with an average round size of $5.23M, 38 investments in Seed stage with an average round size of $2.9M and 14 investments in Series B stage with an average round size of $21.9M.Stage of entry | No. of Investments |
|---|---|
Series A | 59 |
Seed | 38 |
Series B | 14 |
PE | 7 |
Series C | 4 |
Others | 1 |
Note: We have considered here, only first round of investments
Demeter's Investments by Sector
Demeter has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, High Tech, Energy Tech and Enterprise Applications. Notably, it has invested in 115 Enterprise (B2B) companies, 96 Tech companies, 47 Software companies and at least 38 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Sustainability Tech | 49 |
Environment Tech | 43 |
High Tech | 36 |
Energy Tech | 28 |
Enterprise Applications | 26 |
Others | 179 |
Note: We have considered here, only first round of investments
Demeter's Investments by Geography
Demeter has made most investments in France (99), followed by Germany where it has made 7 investments.Country | No. of Investments |
|---|---|
France | 99 |
Germany | 7 |
United States | 7 |
Belgium | 2 |
Switzerland | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Demeter's recent investments
Demeter has made 1 investments in 2026 so far - Quideos.Here are the most recent investments by Demeter:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 08, 2026 | France | Series A | 7580 | [+2] | |
Oct 08, 2025 | France | Series A | 3030 | [+7] | |
Sep 15, 2025 | France | Seed | 3764 | [+3] | |
Jul 09, 2025 | United States | Seed | 7929 | [+6] | |
Jan 21, 2025 | France | Series A | 4821 | [+3] |
Unicorns in Demeter's Portfolio
Demeter has 2 unicorns in its portfolio - Verkor and Ynsect. The most recent unicorn in their portfolio is Verkor. It became a unicorn in 2023, 2 years after Demeter first invested in it.Here is a list of unicorns in Demeter's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Manufacturer of lithium ion battery cells for electric vehicle mobility | 2020 | Grenoble | Series C | nna{kcn | ||
55 | Pioneering insect-based solutions for sustainable food, feed, and plant nutrition | 2011 | Paris | Series D | wmjpvl{ |
IPOs and Publicly Listed companies in Demeter's Portfolio
7 of Demeter's portfolio companies have become public. Fermentalg got listed on the Euronext Exchange (Euronext), in Apr 2014 at marketcap of $148M and McPhy got listed on the Euronext Exchange (Euronext) at marketcap of $59.1M.Here are Demeter's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 16, 2014 | Jan 24, 2011 | Series A | 4755 | |
Mar 25, 2014 | Jan 2009 | Series A | 9806 | |
Oct 20, 2010 | Jan 11, 2011 | PE | 1349 | |
Jun 28, 2010 | - | - | 9598 | |
Jun 06, 2007 | - | - | 4386 |
Acquired companies in Demeter's Portfolio
31 companies from Demeter's portfolio have been acquired. The most recent acquisition was Qarnot in Jul 2026 by Scaleway for $*****.Here are Demeter's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 10, 2026 | Jan 10, 2023 | Series C | 1400 | |
Jan 07, 2026 | Mar 09, 2021 | Seed | 8809 | |
Feb 04, 2025 | Feb 28, 2020 | Seed | 4868 | |
Jan 07, 2025 | 2016 | Seed | 3793 | |
Oct 15, 2024 | Nov 08, 2019 | Series A | 8831 |
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Team profile of Demeter
Demeter has a team of 39 members including 21 Partners and 7 Principals located in France, Canada and 6 more locations. Demeter's team does not sit on the board of any company as of now.Here is a list of top team members in Demeter:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Montreal | - | ||
Partner | Paris | - | - | |
Partner | Paris | - | ||
Partner | France | - | ||
Partner | Paris | - | ||
Partner | Paris | - | - | |
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Madrid | - |
Co-investors of Demeter
Over the past 21 years, 510 investors have co-invested in Demeter's portfolio companies. This includes funds and angels.
- Invested before Demeter: Europa, HTGF and 73 others have invested in rounds before Demeter. There are 4 companies where Europa has invested before Demeter and 3 companies where HTGF has invested before Demeter.
- Top Co-investors of Demeter: 191 investors entered a company along with Demeter. These include investors like CEA Investissement (6 companies).
- Invested after Demeter: A total of 244 investors have invested in Demeter's portfolio after their investments. Top Investors include Europa (20 companies), Bpifrance (16 companies) and EIC Fund (7 companies).
Recent News related to Demeter
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Jay&Joy raises €2 million to accelerate its deployment in France and EuropeProcess Alimentaire•Mar 20, 2026•Beyond Impact Advisors, Jay & Joy, Mindstone, MakeSense.AI and 1 other
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Quideos Secures €5.2 Million to Expand Price Hedging for Agricultural ProductsiGrow News•Jan 12, 2026•Quideos, Demeter, Credit Agricole, Breega
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Vulcan Raises $2.5 Billion to Fund Lithium Project in GermanyFinancial Post•Dec 03, 2025•Vulcan Energy, Hancock Prospecting, Hochtief, Siemens and 2 others
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Phagos Raises $30M Series A to Scale Veterinary Phage Therapy & Advance AI for Bacterial Disease ControliGrow News•Oct 13, 2025•Caphorn, Demeter, Hoxton Ventures, Capagro
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Phagos bags €25M to combat antibiotic resistance with AI and personalised phage therapyTech Funding News•Oct 08, 2025•Caphorn, Demeter, Entrepreneurs First, STATION F and 9 others
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Aisprid raises 10 million euros to transform greenhouse agricultureFrenchWeb•Jan 21, 2025•AISPRID, Turenne Groupe, Bpifrance, Demeter and 2 others
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ZE Energy raises 54 million euros from Amundi Energy Transition, Demeter, and SorégiesNov 06, 2024•ZE Energy, Amundi, Demeter, HTGF and 3 others
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Demeter of European VC, declining in decarbar -steel steel startup H2 GREEN STEEL decides to investSherpa•Jul 16, 2024•Demeter, H2 Green Steel
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Morfo, a reforestation startup, raises R$23 million in seed round extensionFusoes & Aquisicoes•Jun 20, 2024•MORFO, Teampact Ventures, RAISE, Demeter and 1 other
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Paris-based Gireve raises €20 million to consolidate as a global leader in EV chargingEU-Startups•Jun 03, 2024•Gireve, Partech Partners, GCT, Pimento and 5 others
