About Isatis Capital
Isatis Capital is a venture capital firm founded in 2007. It is primarily based out of Paris, France. As of Sep 2023, Isatis Capital has invested in 76 companies. 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 HealthTech and Enterprise Infrastructure. Most recently it participated in the $***** Series B round of Pitchy Overall, Isatis Capital portfolio has seen 1 unicorn, 2 IPOs and 25 acquisitions including key companies like EasyVista, GRAITEC and Direct Energy. A lot of funds co-invest with Isatis Capital, with names like Bpifrance sharing a substantial percentage of its portfolio. Isatis Capital has team of 9 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, PE & 6 more
Portfolio Acquisitions
Portfolio Unicorns
Isatis Capital's List of Top Investments
Isatis Capital has a portfolio of 76 companies, one of which is a Unicorn. Their most notable investments are in SWIMS.team and Saveurs et Vie.Their portfolio spans across France, United States, Belgium and 4 more locations. They have invested in Enterprise Applications, HealthTech, Enterprise Infrastructure and 24 other sectors, across stages such as Series A, PE and 6 more. Here is the list of top investments by Isatis Capital:1. EasyVista
Platform offering IT service management solutions. It provides a service management platform that automates and personalizes service delivery for employees and other end users. Enables organizations to manage the technology and deliver engaging services, on devices, from anywhere. The platform provides capabilities, embedded ITIL processes, and a service catalog for the service management lifecycle.
Key facts about EasyVista
- Founded Year: 1988
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Employee Count: 365 as on Sep 30, 2026
- Investors: Eiffel Investment Group, BlackRock and 4 Others
- Latest Funding Round: Post IPO, Aug 17, 2016, $*****
- Highlight: Acquired
2. GRAITEC
Provider of CAD and structural analysis solutions for civil engineering. Its software suite includes Advance Design for structural analysis and design of Reinforced Concrete and Steel structures, Advance workshop for steel fabrication production management, Advance BIM designers for analysis, intuitive modeling, automatic drawing, and report creation, Advance concrete for Concrete design and detailing, and BIM connect.
Key facts about GRAITEC
- Founded Year: 1997
- Location: Southampton (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $5.42M
- Employee Count: 382 as on May 31, 2026
- Investors: Seven2, Altamir and 6 Others
- Latest Funding Round: Series A, Sep 24, 2005, $*****
- Highlight: Acquired
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Provider of electricity, natural gas, and related energy services. It offers various electricity and gas supply options, including fixed-price plans. Additional services encompass energy efficiency consultations, home energy renovation advice, and electric vehicle charging solutions. The company also provides heating system maintenance and support, and sells heating fuels such as pellets and logs. Customers can manage their accounts and access support online.
Key facts about Direct Energy
- Founded Year: 2003
- Location: Paris (France)
- Stage: Acquired
- Employee Count: 110 as on Sep 30, 2026
- Investors: Stage Capital, Tikehau Capital and 3 Others
- Latest Funding Round: PE, Dec 2015, $*****
- Highlight: Acquired
4. Netia
Management and delivery solutions for audiovisual content. The solutions offered by the company include radio automation, workflow management, media asset management (MAM), and production asset management (PAM).
Key facts about Netia
- Founded Year: 1993
- Location: Lauret (France)
- Stage: Acquired
- Employee Count: 35 as on Sep 30, 2026
- Investors: ISource Gestion and Isatis Capital
- Highlight: Acquired
5. beqom
Cloud-based employee compensation management software for enterprises. The product features include salary and bonus management, long-term incentives, commissions, non-cash rewards, etc. It can be linked with the sales performance of employees. It also offers solutions for quota and territory management and performance evaluation. It offers services to sectors such as automotive, telecommunication, finance, information technology, etc.
Key facts about beqom
- Founded Year: 2009
- Location: Nyon (Switzerland)
- Stage: Series D
- Total Funding till date: $335M
- Employee Count: 260 as on Sep 30, 2026
- Investors: Goldman Sachs, Sumeru Equity Partners and 7 Others
- Latest Funding Round: Series D, Apr 12, 2022, $*****
- Highlight: Editors' Pick
Isatis Capital's Year-on-Year Investment Trends
Isatis Capital has invested in 98 companies over the last 17 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Pitchy and most recent follow-on round was in Expway.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 2 | 0 | 2 |
2022 | 2 | 0 | 2 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 5 | 0 | 5 |
2017 | 3 | 0 | 3 |
Isatis Capital's Investments by Stage
Isatis Capital has made 12 investments in Series A stage with an average round size of $6.47M, 8 investments in PE stage with an average round size of $5.85M and 3 investments in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 12 |
PE | 8 |
Seed | 3 |
Post IPO | 2 |
Conventional Debt | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Isatis Capital's Investments by Sector
Isatis Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, Vertical SaaS, Consumer Goods and FinTech. Notably, it has invested in 39 Enterprise (B2B) companies, 26 Tech companies, 16 Software companies and at least 10 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Business Services | 5 |
Vertical SaaS | 3 |
Consumer Goods | 2 |
FinTech | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
Isatis Capital's Investments by Geography
Isatis Capital has made most investments in France (27), followed by Switzerland where it has made 1 investment.Country | No. of Investments |
|---|---|
France | 27 |
Switzerland | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Isatis Capital's recent investments
Isatis Capital has not made any investment in 2026 so far.Here are the most recent investments by Isatis Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 22, 2023 | France | Series B | 3265 | [+1] | |
May 02, 2023 | France | Series A | 6995 | - | |
Oct 20, 2022 | France | Series A | 6470 | - | |
Oct 17, 2022 | France | Unattributed | 6435 | - | |
Dec 01, 2021 | France | Series A | 1434 |
Unicorns in Isatis Capital's Portfolio
Isatis Capital has 1 unicorn in its portfolio - beqom. The most recent unicorn in their portfolio is beqom which became a unicorn in 2022, 12 years after Isatis Capital first invested in it.Here is a list of unicorns in Isatis Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
44 | Cloud-based employee compensation management software for enterprises | 2009 | Nyon | Series D | svqn{ly |
IPOs and Publicly Listed companies in Isatis Capital's Portfolio
2 of Isatis Capital's portfolio companies have become public. ENENSYS got listed on the Euronext Exchange (Euronext), in Jun 2018 at marketcap of $82.7M and Wedia got listed on the Euronext Exchange (Euronext) at marketcap of $9.49M.Here are Isatis Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 05, 2018 | Jan 2019 | Post IPO | 6833 | |
Jul 12, 2010 | - | - | 5543 |
Acquired companies in Isatis Capital's Portfolio
25 companies from Isatis Capital's portfolio have been acquired. The most recent acquisition was SAUVALE PRODUCTION in Jun 2025 by La Compagnie des Insectes for $*****.Here are Isatis Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 16, 2025 | Oct 11, 2019 | Seed | 9587 | |
Oct 31, 2024 | - | - | 2138 | |
Feb 01, 2024 | - | - | 4950 | |
Jul 08, 2022 | - | - | 5148 | |
Mar 31, 2022 | Oct 03, 2017 | PE | 2344 |
Team profile of Isatis Capital
Isatis Capital has a team of 9 members including 4 Partners and 4 Principals located in France. Isatis Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Isatis Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Principal | France | - | ||
Principal | Paris | - | ||
Principal | France | - | ||
Principal | Paris | - |
Co-investors of Isatis Capital
Over the past 17 years, 31 investors have co-invested in Isatis Capital's portfolio companies. This includes only funds.
- Invested before Isatis Capital: Naxicap, Seventure Partners and 3 others have invested in rounds before Isatis Capital. There is 1 company where Naxicap has invested before Isatis Capital and 1 company where Seventure Partners has invested before Isatis Capital.
- Top Co-investors of Isatis Capital: 11 investors entered a company along with Isatis Capital. These include investors like Bpifrance (2 companies).
- Invested after Isatis Capital: A total of 15 investors have invested in Isatis Capital's portfolio after their investments. Top Investors include Eurazeo (1 company), Golub Growth (1 company) and Goldman Sachs (1 company).
Recent News related to Isatis Capital
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Captivea welcomes Isatis Capital and acquires Open Future in SwitzerlandGROUPE ECOMEDIA•Oct 28, 2026•Isatis Capital
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FOGALE SENSORS acquires Texys from Isatis CapitalGlobal Legal Chronicle•Feb 01, 2024•Isatis Capital, Texys Group, Fogale, Taylor Wessing and 1 other
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Isatis Capital supports Pitchy, European leader in video creation solutionsIsatis Capital•Sep 21, 2023•Pitchy, Isatis Capital, Entrepreneur Invest, Seventure Partners and 2 others
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Milexia Opens Its Capital To Finance Its GrowthVipress Legal•Aug 24, 2023•Milexia, Societe Generale Capital Partenaire, Bpifrance, Isatis Capital
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Milexia regains leverage with three fundsLes Echos•Aug 24, 2023•Milexia, Societe Generale Capital Partenaire, Bpifrance, Isatis Capital
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Isatis Capital supports electronic connector specialist AntelecIsatis Capital•Jul 26, 2023•Antelec, Isatis Capital
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Isatis Capital supports French publisher Senef SoftIsatis Capital•May 02, 2023•Isatis Capital, Senef
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Wiiisdom announces a capital increase with Isatis CapitalIsatis Capital•Oct 20, 2022•Isatis Capital, Wiiisdom
