About Elaia
Elaia is a venture capital firm founded in 2002. It is primarily based out of Paris, France. As of Jul 2026, Elaia is an active investor, having invested in 193 companies, with 6 new investments 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 Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Series A round of Proxima Fusion Overall, Elaia portfolio has seen 3 unicorns, 4 IPOs and 60 acquisitions including key companies like Criteo, Teads and BMC Software. A lot of funds co-invest with Elaia, with names like Bpifrance sharing a substantial percentage of its portfolio. Elaia has team of 32 people including 12 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio Unicorns
Deals in last 12 months
Elaia's List of Top Investments
Elaia has a portfolio of 193 companies, including 3 unicorns. Their most notable investments are in Marfeel and Hyperlex.Their portfolio spans across France, United States, Spain and 7 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 30 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Elaia:1. Criteo
Provider of commerce media platform connecting marketers and media owners. The platform aims to deliver consumer experiences from product discovery to purchase. It offers advertising solutions for performance and retail media. The company provides tools for customer acquisition, retention, and retargeting. It also offers video advertising and cross-channel campaign management.
Key facts about Criteo
- Founded Year: 2005
- Location: Paris (France)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $60M
- Employee Count: 3,913 as on Apr 30, 2026
- Investors: Adams Street Partners, Sapphire Ventures and 11 Others
- Latest Funding Round: Series D, Sep 25, 2012, $*****
- Highlight: Public
2. Teads
Provider of omnichannel platform connecting advertisers and media content owners. The platform offers tools for managing advertising campaigns across various digital channels. It provides solutions for advertisers to reach audiences and drive business outcomes. The company delivers technology for media owners to deepen audience engagement and monetization.
Key facts about Teads
- Founded Year: 2011
- Location: United States
- Annual Revenue: £50M - £100M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $20.8M
- Employee Count: 1,837 as on Jul 31, 2026
- Investors: BNP Paribas, Viola Group and 21 Others
- Latest Funding Round: Series B, 2017, $*****
- Highlight: Acquired
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3. BMC Software
Cloud based unified IT management software. It offers solutions such as IT service management and application performance monitoring. The ITSM software remedy software allows the users to create and manage service requests, and perform incident management, change management, and patch management for the IT assets in the network.
Key facts about BMC Software
- Founded Year: 1980
- Location: Houston (United States)
- Stage: Acquired
- Employee Count: 8,858 as on May 31, 2026
- Investors: Saratoga Investment, Access Industries and 8 Others
- Latest Funding Round: PE, Sep 23, 2013, $*****
- Highlight: Acquired
Provider of AI solutions for insurance underwriting, claims, and risk. The company offers tools for fraud detection, payment integrity, subrogation, and claims intake. It also provides solutions for compliance risk, and claims document analysis. The AI platform aims to improve accuracy and efficiency for insurers.
Key facts about Shift Technology
- Founded Year: 2014
- Location: Paris (France)
- Annual Revenue: $500M - $1B as on Dec 31, 2022
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 630 as on Jul 31, 2026
- Investors: Accel, IRIS and 15 Others
- Latest Funding Round: Series D, Nov 02, 2021, $*****
- Highlight: Editors' Pick
5. Tabnine
AI powered coding assistant for developers. The platform provides a tool that helps developers to write codes without errors. It leverages AI technology that helps developers in debugging the errors and auto complete the code writing process. The platform suggests, and generates code based on natural language comments.
Key facts about Tabnine
- Founded Year: 2017
- Location: Tel Aviv (Israel)
- Stage: Acquired
- Total Funding till date: $102M
- Employee Count: 63 as on Jul 31, 2026
- Investors: Qualcomm Ventures, Insight Partners and 13 Others
- Latest Funding Round: Series B, Nov 08, 2023, $*****
- Highlight: Acquired
Elaia's Year-on-Year Investment Trends
Elaia has invested in 193 companies over the last 23 years, with an average of 10 new investments annually in the last 10 years. In 2025, it made 17 investments, while as of Jul 2026, it has made 6 investments in this year. Its most recent first time investment was in Aylight and most recent follow-on round was in Proxima Fusion.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 3 | 6 |
2025 | 6 | 11 | 17 |
2024 | 13 | 5 | 18 |
2023 | 10 | 5 | 15 |
2022 | 14 | 9 | 23 |
2021 | 14 | 4 | 18 |
2020 | 14 | 3 | 17 |
2019 | 10 | 3 | 13 |
2018 | 7 | 1 | 8 |
2017 | 6 | 2 | 8 |
Elaia's Investments by Stage
Elaia has made 63 investments in Seed stage with an average round size of $7.31M, 49 investments in Series A stage with an average round size of $9.38M and 11 investments in Series B stage with an average round size of $19M.Stage of entry | No. of Investments |
|---|---|
Seed | 63 |
Series A | 49 |
Series B | 11 |
Series C | 4 |
Angel | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Elaia's Investments by Sector
Elaia has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Vertical SaaS and HealthTech. Notably, it has invested in 165 Tech companies, 157 Enterprise (B2B) companies, 123 Software companies and at least 69 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 85 |
High Tech | 33 |
Enterprise Infrastructure | 22 |
Vertical SaaS | 19 |
HealthTech | 17 |
Others | 125 |
Note: We have considered here, only first round of investments
Elaia's Investments by Geography
Elaia has made most investments in France (94), followed by United States where it has made 15 investments.Country | No. of Investments |
|---|---|
France | 94 |
United States | 15 |
Spain | 8 |
United Kingdom | 5 |
Germany | 3 |
Others | 5 |
Note: We have considered here, only first round of investments
Elaia's recent investments
Elaia has made 6 investments in 2026 so far. Proxima Fusion and Aylight are the latest among them.Here are the most recent investments by Elaia:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 07, 2026 | Germany | Series A | 6135 | [+19] | |
Jul 06, 2026 | Switzerland | Seed | 3598 | [+2] | |
Feb 03, 2026 | France | Series A | 1927 | [+2] | |
Feb 03, 2026 | France | Seed | 1232 | [+11] | |
Jan 23, 2026 | France | Series A | 8477 | [+3] |
Unicorns in Elaia's Portfolio
Elaia has 3 unicorns in its portfolio - SandboxAQ, Shift Technology and Mirakl. The most recent unicorn in their portfolio is SandboxAQ. It became a unicorn in 2024, 1 years before Elaia first invested in it.Here is a list of unicorns in Elaia's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of quantitative artificial intelligence models for various industry applications | 2022 | Palo Alto | Series E | tglgsfy | ||
67 | Provider of AI solutions for insurance underwriting, claims, and risk | 2014 | Paris | Series D | rizqzfo | ||
66 | Cloud-based e-commerce suite solutions for marketplace businesses | 2012 | Paris | Series E | ty{qjay |
IPOs and Publicly Listed companies in Elaia's Portfolio
4 of Elaia's portfolio companies have become public. Amoeba got listed on the Euronext Exchange (Euronext), in Sep 2020 at marketcap of $298K and Criteo got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.71B.Here are Elaia's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 14, 2020 | - | - | 1993 | |
Nov 01, 2013 | 2006 | Series A | 5985 | |
Jul 07, 2005 | - | - | 1511 | |
Dec 26, 2002 | Sep 19, 2007 | Post IPO | 5141 |
Acquired companies in Elaia's Portfolio
60 companies from Elaia's portfolio have been acquired. The most recent acquisition was Tabnine in Jul 2026 by Tricentis for $*****.Here are Elaia's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 30, 2026 | Nov 08, 2023 | Series B | 5506 | |
Jun 23, 2026 | Sep 13, 2022 | Seed | 7222 | |
Jun 11, 2026 | Sep 10, 2020 | Seed | 3519 | |
Apr 21, 2026 | Jun 30, 2020 | Series A | 6650 | |
Mar 02, 2026 | Sep 24, 2018 | Seed | 6877 |
Team profile of Elaia
Elaia has a team of 32 members including 12 Partners, 3 Venture Partners and 5 Principals located in France, Spain and 2 more locations. Elaia's team does not sit on the board of any company as of now.Here is a list of top team members in Elaia:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Barcelona | - | ||
Partner | Paris | - | ||
Partner | Paris | - | - | |
Partner | Paris | - | ||
Partner | France | - | - | |
Partner | France | - | ||
Partner | Paris | - | ||
Partner | Tel Aviv Yafo | - | ||
Partner | London | - | - |
Co-investors of Elaia
Over the past 23 years, 594 investors have co-invested in Elaia's portfolio companies. This includes funds and angels.
- Invested before Elaia: Europa, EIC Fund and 164 others have invested in rounds before Elaia. There are 4 companies where Europa has invested before Elaia and 4 companies where EIC Fund has invested before Elaia.
- Top Co-investors of Elaia: 242 investors entered a company along with Elaia. These include investors like Bpifrance (18 companies).
- Invested after Elaia: A total of 186 investors have invested in Elaia's portfolio after their investments. Top Investors include Bpifrance (6 companies), Europa (6 companies) and 115K (3 companies).
Recent News related to Elaia
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Proxima Fusion raises €411 million to build Europe’s fusion demonstratorVoxelMatters•Jul 10, 2026•Leitmotif, KfW Capital, XTX Markets, Proxima Fusion and 18 others
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Photonics Startup Aylight Raises €4.5 Million in Pre-Seed Funding RoundStartup Rise EU•Jul 06, 2026•Swisscom Ventures, Elaia
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France’s DentalMonitoring secures $100M for Ortho AITech Funding News•Feb 11, 2026•OrthoAI, DentalMonitoring, Lazard, ISALT and 1 other
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MyC Raises €10M to Digitalise Medical Operations at Complex WorksitesStartup Rise EU•Feb 04, 2026•OSS Ventures, MyC, Elaia, IXO and 1 other
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Linkup Raises $10M Seed Round Led by Gradient to Build Web Search for AIAccess Newswire•Feb 03, 2026•Linkup, Motier, Axeleo Capital, Weekend Fund and 4 others
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Aviwell closes an €11 million Series A funding round to expand an AI-powered microbiota platform for sustainable animal nutritionFinanzNachrichten•Jan 23, 2026•Blast.Club, Aviwell, SWEN Capital Partners, Elaia and 2 others
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Enodia Therapeutics Raises €20.7M in Seed FundingFinSMEs•Jan 08, 2026•Wallonie Entreprendre, Bpifrance, Pasteur Institute, MACSF and 7 others
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Litman Gregory Wealth Management LLC Makes New Investment in Pfizer Inc. $PFEMarketBeat•Dec 27, 2025•Pfizer, Litman Gregory, Torray Investment Partners, Jones Day and 3 others
