About Future Shape
Future Shape is a venture capital firm founded in 2018. It is primarily based out of Paris, France. As of Sep 2022, Future Shape has invested in 56 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Environment Tech. Most recently it participated in the $***** Series B round of Lumafield Overall, Future Shape portfolio has seen 6 unicorns, 2 IPOs and 20 acquisitions including key companies like Airbnb, Box and Turvo. A lot of funds co-invest with Future Shape, with names like SoftBank Vision Fund sharing a substantial percentage of its portfolio. Future Shape has team of 6 people including 5 partners.Key Metrics
Future Shape's List of Top Investments
Future Shape has a portfolio of 56 companies, including 6 unicorns. Their most notable investments are in Advano and Menlo Micro.Their portfolio spans across United States, United Kingdom, France and 4 more locations. They have invested in High Tech, Enterprise Applications, Environment Tech and 25 other sectors, across stages such as Series B, Series A and 2 more. Here is the list of top investments by Future Shape:1. Airbnb
Provider of accommodations, experiences, and related services through an online platform. The platform facilitates connections between hosts and individuals seeking lodging and activities. It offers a variety of options for stays and curated experiences. The platform also provides resources for individuals interested in becoming hosts.
Key facts about Airbnb
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $11.1B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $2.95B
- Employee Count: 69,154 as on Feb 28, 2026
- Investors: Silver Lake, TrueBridge and 153 Others
- Latest Funding Round: Series E, Apr 06, 2020, $*****
- Highlight: Public
2. Box
Cloud-based platform for file sharing. It is a content management platform that provides secure file sharing, storage, and collaboration solutions. The product modules include workflow automation, file collaboration, electronic signature, whiteboarding and team collaboration tool, AI document summarizing, compliance management, note taking, API integration, and more. It is a tool available on the subscription based pricing model.
Key facts about Box
- Founded Year: 2005
- Location: Redwood City (United States)
- Annual Revenue: $1.09B as on Jan 31, 2025
- Stage: Public
- Total Funding till date: $693M
- Employee Count: 4,069 as on Dec 01, 2025
- Investors: SeedFord Partners, Starboard Value and 38 Others
- Latest Funding Round: Post IPO, May 12, 2021, $*****
- Highlight: Public
3. Turvo
Provider of a cloud and AI-based collaborative logistics platform. Its IoT-integrated platform networks logistics partners across the supply chain like shippers, carriers and brokers. It automates orders, carrier-shipment matching, resource allocation, ERP integration, shipment visibility, as well as information access to all stakeholders.
Key facts about Turvo
- Founded Year: 2014
- Location: San Mateo (United States)
- Stage: Acquired
- Total Funding till date: $85M
- Employee Count: 178 as on Mar 31, 2022
- Investors: Mubadala, Activant Capital and 12 Others
- Latest Funding Round: Series B, Nov 08, 2018, $*****
- Highlight: Acquired
4. Thunes
Cross-border payment infrastructure provider. It offers a global payment network enabling businesses to send and receive payments internationally. Services include payments to and from mobile wallets, banks, and via other methods. The platform facilitates seamless integration through APIs, optimizing payment flows for various markets. It serves money transfer operators, payment service providers, and various other businesses needing international payment capabilities. The infrastructure is designed for fast, traceable, and cost-effective transactions.
Key facts about Thunes
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: $53.6M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $362M
- Employee Count: 504 as on Feb 28, 2026
- Investors: Vitruvian Partners, Marshall Wace and 19 Others
- Latest Funding Round: Series D, Apr 28, 2025, $*****
- Highlight: Editors' Pick
Provider of plant-based alternatives to traditional meat products. Its product catalog include meatballs, hotdogs, burgers, sausage, chicken nuggets, steak, and more.
Key facts about Impossible Foods
- Founded Year: 2011
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $2.01B
- Employee Count: 509 as on Feb 28, 2026
- Investors: SeedFord Partners, TriplePoint Capital and 112 Others
- Latest Funding Round: Series H, Nov 17, 2021, $*****
- Highlight: Editors' Pick
Future Shape's Year-on-Year Investment Trends
Future Shape has invested in 56 companies over the last 8 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Lumafield and most recent follow-on round was in Menlo Micro.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 6 | 1 | 7 |
2021 | 7 | 1 | 8 |
2020 | 3 | 0 | 3 |
2019 | 2 | 0 | 2 |
2018 | 3 | 0 | 3 |
Future Shape's Investments by Stage
Future Shape has made 10 investments in Series B stage with an average round size of $38.5M, 7 investments in Series A stage with an average round size of $47.5M, 3 investments in Series C stage with an average round size of $105M and 1 investment in Series F stage with an average round size of $18M.Stage of entry | No. of Investments |
|---|---|
Series B | 10 |
Series A | 7 |
Series C | 3 |
Series F | 1 |
Note: We have considered here, only first round of investments
Future Shape's Investments by Sector
Future Shape has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Energy Tech, Sustainability Tech and Consumer. Notably, it has invested in 55 Tech companies, 47 Enterprise (B2B) companies, 31 Software companies and at least 21 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 9 |
Energy Tech | 5 |
Sustainability Tech | 5 |
Consumer | 4 |
Others | 39 |
Note: We have considered here, only first round of investments
Future Shape's Investments by Geography
Future Shape has made most investments in United States (14), followed by Singapore where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Singapore | 2 |
United Kingdom | 2 |
Canada | 1 |
France | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Future Shape's recent investments
Future Shape has not made any investment in 2026 so far.Here are the most recent investments by Future Shape:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 12, 2022 | United States | Series B | 2960 | [+3] | |
Sep 08, 2022 | France | Series A | 9981 | [+3] | |
May 16, 2022 | Indonesia | Series A | 6638 | [+5] | |
May 10, 2022 | United States | Series A | 9729 | ||
Mar 09, 2022 | United States | Series C | 1720 |
Unicorns in Future Shape's Portfolio
Future Shape has 6 unicorns in its portfolio - Nothing, Thunes, Turntide and others. The most recent unicorn in their portfolio is Nothing. It became a unicorn in 2025, 3 years after Future Shape first invested in it.Here is a list of unicorns in Future Shape's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Manufacturer of mobile phones, headphones, watches, and related accessories | 2020 | London | Series C | ntmlyro | ||
73 | Cross-border payment infrastructure provider | 2016 | Singapore | Series D | hfqgmor | ||
71 | Provider of smart energy management solutions | 2013 | Sunnyvale | Series D | lliocwo | ||
69 | Platform connecting insurers, distributors, and customers for embedded insurance products | 2020 | Singapore | Series C | qohnmag | ||
57 | Technology company that specializes in creating diamonds using sustainable and eco-friendly methods | 2012 | San Francisco | Series D | yepwewh |
IPOs and Publicly Listed companies in Future Shape's Portfolio
2 of Future Shape's portfolio companies have become public. Box got listed on the New York Stock Exchange (NYSE), in Jan 2015 at marketcap of $1.63B and Airbnb got listed on the Shanghai Stock Exchange (SSE).Here are Future Shape's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 23, 2015 | - | - | 7623 | |
Feb 05, 2010 | - | - | 6409 |
Acquired companies in Future Shape's Portfolio
20 companies from Future Shape's portfolio have been acquired. The most recent acquisition was Mantle.Here are Future Shape's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2025 | Feb 24, 2021 | Series B | 6374 | |
Oct 04, 2024 | Dec 02, 2020 | Series B | 8056 | |
Jun 01, 2022 | Nov 08, 2018 | Series B | 2040 | |
Dec 07, 2021 | - | - | 5164 | |
Jan 25, 2021 | - | - | 2665 |
Team profile of Future Shape
Future Shape has a team of 6 members including 5 Partners and 1 Principal located in United States and France. Future Shape's team does not sit on the board of any company as of now.Here is a list of all team members in Future Shape:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | France | - | - | |
Partner | San Francisco | - | - | |
Partner | San Francisco | - | - | |
Partner | United States | - | - | |
Partner | Long Beach | - | ||
Principal | Paris | - | - |
Co-investors of Future Shape
Over the past 8 years, 244 investors have co-invested in Future Shape's portfolio companies. This includes funds and angels.
- Invested before Future Shape: Tony Fadell, DCVC and 87 others have invested in rounds before Future Shape. There are 3 companies where Tony Fadell has invested before Future Shape and 3 companies where DCVC has invested before Future Shape.
- Top Co-investors of Future Shape: 78 investors entered a company along with Future Shape. These include investors like SoftBank Vision Fund (2 companies).
- Invested after Future Shape: A total of 77 investors have invested in Future Shape's portfolio after their investments. Top Investors include Fine Structure Ventures (2 companies), SVB (2 companies) and Structural Capital (1 company).
Recent News related to Future Shape
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Lumafield: Raises $35M in Series B FundingFintechinshorts•Sep 15, 2022•Lumafield, Spark Capital, Lux Capital, Kleiner Perkins and 2 others
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Edda looks to accelerate deployment of investor software after latest funding roundBusiness Leader•Sep 13, 2022•Edda, Mucker, PLUG & PLAY, FJ Labs and 1 other
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Lumafield raises $35M, announces speedy updates to its affordable desktop CT scannerTechCrunch+•Sep 12, 2022•Lumafield, Voyager, Spark Capital, Lux Capital and 3 others
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Edda raises funds for Bloomberg terminal of the private marketsFinextra•Sep 08, 2022•Edda, Mucker, Plug and Play Tech Center, FJ Labs and 1 other
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Edda bags $5.8m in first round after getting its new Viking nameVerdict•Sep 08, 2022•Edda, Mucker, PLUG & PLAY, FJ Labs and 3 others
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Ambient Photonics Closes $17.5M in Equipment Financing to Support Opening of U.S.-based Manufacturing FacilityBusiness Wire•Sep 07, 2022•Future Shape, Cthulhu Ventures, Ecosystem Integrity Fund, Ambient Photonics and 4 others
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Indonesia’s Vida raises series A round, appoints new advisorsTech in Asia•Jun 07, 2022•Vida Company, Asian Venture Philanthropy Network, DST Global, Breyer Capital and 3 others
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Ambient Photonics Energy Harvesting Technology Reduces IoT Carbon Footprint: $31 Million Series A Financing Co-Led by Amazon through its Climate Pledge Fund and Ecosystem Integrity FundBusiness Wire•May 10, 2022•Ambient Photonics, Ecosystem Integrity Fund, Future Shape, I Squared Capital and 2 others
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Sweep raises US$73 million in Series B led by CoatueBusiness Wire•Apr 05, 2022•Sweep, Coatue, Future Shape, Balderton Capital and 5 others
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Thunes raises $60M in Series B funding to accelerate global growthThunes•Sep 08, 2020•Thunes, Helios, Checkout, Future Shape and 3 others
