About XAnge
XAnge is a venture capital firm founded in 2003. It is primarily based out of Paris, France. As of Jul 2026, XAnge is an active investor, having invested in 144 companies, with 7 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 Consumer. Most recently it participated in the $***** Series C round of VSORA Overall, XAnge portfolio has seen 4 unicorns, 7 IPOs and 33 acquisitions including key companies like Ledger, Believe and Etsy. A lot of funds co-invest with XAnge, with names like Bpifrance sharing a substantial percentage of its portfolio. XAnge has team of 30 people including 9 partners.Key Metrics
XAnge's List of Top Investments
XAnge has a portfolio of 144 companies, including 4 unicorns. Their most notable investments are in Apiax and Elba.Their portfolio spans across France, Germany, United States and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 33 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by XAnge:
1. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
2. Believe
Developer of diversified software for music artists. It has developed TuneCore - a platform for independent artists. It provides solutions like publishing, distribution, and promotions to independent artists. It also provides solutions to record labels.
Key facts about Believe
- Founded Year: 2005
- Location: Paris (France)
- Annual Revenue: €500M - €1B as on Dec 31, 2023
- Stage: Acquired
- Total Funding till date: $66.5M
- Employee Count: 3,219 as on Jun 30, 2026
- Investors: TCV, GP Bullhound and 5 Others
- Latest Funding Round: Series B, Jun 04, 2015, $*****
- Highlight: Acquired
3. Etsy
Online marketplace offering multi-category products from independent designers. Its product catalog includes home improvement products, fashion, beauty, electronics, stationery, arts, books, groceries, smoking products, pet supplies, and more.
Key facts about Etsy
- Founded Year: 2005
- Location: Dublin (Ireland)
- Annual Revenue: £0 - £1M as on Jan 31, 2022
- Stage: Public
- Total Funding till date: $98M
- Employee Count: 9,564 as on Apr 30, 2026
- Investors: Glynn Capital, Elliott Management and 24 Others
- Latest Funding Round: Post IPO, Jun 12, 2025, $*****
- Highlight: Public
Provider of cross-border payment solutions and multi-currency payment infrastructure. The platform offers tools to collect, convert, pay, and manage international transactions. It provides application programming interface integration, direct platform access, and white-label platform options. The company delivers virtual wallets, named accounts, and global payment capabilities.
Key facts about Currencycloud
- Founded Year: 2007
- Location: London (United Kingdom)
- Annual Revenue: £50M - £100M as on Sep 30, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $196M
- Employee Count: 297 as on Jun 30, 2026
- Investors: Kreos Capital, Atlas Venture and 43 Others
- Latest Funding Round: Series E, Jan 27, 2020, $*****
- Highlight: Acquired
5. Shine
Provider of online professional accounts and related financial management tools. They offer business accounts with associated services like payment processing and expense management. Their platform provides tools for invoicing, bookkeeping, and team spending oversight. The company aims to streamline financial tasks for businesses.
Key facts about Shine
- Founded Year: 2017
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $12.5M
- Employee Count: 372 as on Apr 30, 2026
- Investors: 42 Capital, XAnge and 4 Others
- Latest Funding Round: Series A, Sep 04, 2018, $*****
- Highlight: Acquired
XAnge's Year-on-Year Investment Trends
XAnge has invested in 144 companies over the last 21 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 11 investments, while as of Jul 2026, it has made 11 investments in this year. Its most recent first time investment was in VSORA and most recent follow-on round was in LegalPlace.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 4 | 11 |
2025 | 5 | 6 | 11 |
2024 | 9 | 2 | 11 |
2023 | 3 | 5 | 8 |
2022 | 17 | 12 | 29 |
2021 | 10 | 4 | 14 |
2020 | 3 | 6 | 9 |
2019 | 10 | 1 | 11 |
2018 | 9 | 3 | 12 |
2017 | 4 | 3 | 7 |
XAnge's Investments by Stage
XAnge has made 49 investments in Seed stage with an average round size of $4.01M, 42 investments in Series A stage with an average round size of $8.85M and 19 investments in Series B stage with an average round size of $21M.Stage of entry | No. of Investments |
|---|---|
Seed | 49 |
Series A | 42 |
Series B | 19 |
Conventional Debt | 1 |
PE | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
XAnge's Investments by Sector
XAnge has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Vertical SaaS and HealthTech. Notably, it has invested in 127 Tech companies, 98 Enterprise (B2B) companies, 79 Software companies and at least 50 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 65 |
High Tech | 18 |
Consumer | 17 |
Vertical SaaS | 16 |
HealthTech | 15 |
Others | 142 |
Note: We have considered here, only first round of investments
XAnge's Investments by Geography
XAnge has made most investments in France (81), followed by Germany where it has made 14 investments.Country | No. of Investments |
|---|---|
France | 81 |
Germany | 14 |
Belgium | 5 |
United States | 5 |
Switzerland | 4 |
Others | 4 |
Note: We have considered here, only first round of investments
XAnge's recent investments
XAnge has made 11 investments in 2026 so far. VSORA and Semeia are the latest among them.Here are the most recent investments by XAnge:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 03, 2026 | France | Series C | 4001 | [+9] | |
2026 | France | Series A | 8253 | - | |
2026 | - | Seed | 1801 | - | |
2026 | France | Seed | 6337 | - | |
2026 | France | Seed | 5670 | - |
Unicorns in XAnge's Portfolio
XAnge has 4 unicorns in its portfolio - Lydia, Odoo, Ledger and others. The most recent unicorn in their portfolio is Lydia. It became a unicorn in 2021, 7 years after XAnge first invested in it.Here is a list of unicorns in XAnge's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
51 | App-based mobile payment platform for consumers | 2013 | Paris | Series C | saebntt | ||
71 | Developer of open-source enterprise resource planning and customer relationship management | 2005 | Louvain-la-neuve | Series E | ciwaxgr | ||
82 | Blockchain based hardware wallet for cryptocurrency | 2014 | Paris | Series C | poptpby | ||
42 | Open banking API solutions | 2011 | Hamburg | Series D | wldfqsl |
IPOs and Publicly Listed companies in XAnge's Portfolio
7 of XAnge's portfolio companies have become public. Amoeba got listed on the Euronext Exchange (Euronext), in Sep 2020 at marketcap of $298K and ARCURE got listed on the Euronext Exchange (Euronext) at marketcap of $18.5M.Here are XAnge's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 14, 2020 | - | - | 3269 | |
Feb 26, 2019 | - | - | 8882 | |
Jul 07, 2016 | - | - | 4501 | |
Apr 16, 2015 | - | - | 2622 | |
Jul 10, 2014 | Jan 30, 2006 | PE | 9260 |
Acquired companies in XAnge's Portfolio
33 companies from XAnge's portfolio have been acquired. The most recent acquisition was Gladia in Jul 2026 by OVHcloud for $*****.Here are XAnge's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 31, 2026 | Oct 15, 2024 | Series A | 8255 | |
Jun 09, 2026 | Dec 11, 2012 | Seed | 7892 | |
Mar 02, 2026 | Sep 24, 2018 | Seed | 3467 | |
Feb 18, 2026 | Mar 06, 2014 | Series B | 8974 | |
Jan 21, 2026 | Sep 23, 2014 | Seed | 3259 |
Team profile of XAnge
XAnge has a team of 30 members including 9 Partners and 5 Principals located in France and Germany. XAnge's team does not sit on the board of any company as of now.Here is a list of top team members in XAnge:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Munich | - | ||
Partner | Paris | - | ||
Partner | France | - | - | |
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | - | |
Partner | France | - | ||
Principal | Paris | - |
Co-investors of XAnge
Over the past 21 years, 603 investors have co-invested in XAnge's portfolio companies. This includes funds and angels.
- Invested before XAnge: Kima Ventures, Europa and 154 others have invested in rounds before XAnge. There are 5 companies where Kima Ventures has invested before XAnge and 4 companies where Europa has invested before XAnge.
- Top Co-investors of XAnge: 206 investors entered a company along with XAnge. These include investors like Bpifrance (8 companies).
- Invested after XAnge: A total of 241 investors have invested in XAnge's portfolio after their investments. Top Investors include Bpifrance (9 companies), Europa (5 companies) and BNP Paribas (4 companies).
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