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Angel NetworkPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 11 SOURCES

Femmes Business Angels

Also known as FBA

Paris-based association of women business angels founded in 2003, with regional chapters; members invest individually in startups led by women or men, from €10k per deal.

HEADQUARTERS
Paris, France
FOUNDED
2003
AUM
—
OUTSIDE CAPITAL
—
TEAM LISTED
5 people

Focus

STAGES
Seed
SECTORS
Software & SaaSHealthTechBiotech & Life SciencesConsumer & E-commerceFood & AgricultureEducationMobility & LogisticsClimate & EnergyIndustrial & Manufacturing
ASSET MIX
Venture capital
GEOGRAPHY
France

Overview

Femmes Business Angels is a Paris non-profit association (loi 1901) created in 2003 that brings together women business angels who invest individually in startups. The site states 150 investors, more than 200 startups financed and over €25M invested, with about 12 startups financed a year out of some 800 reviewed. Projects go through a selection committee, a pitch, an instruction by member panels, a monthly plenary and due diligence by interested investors. France Angels lists chapters in Hauts-de-France, Île-de-France, Normandie, Bretagne, Nouvelle-Aquitaine and PACA.

Investment thesis

Innovative companies of any kind (technology, concept, product, service, process) led by women, men or mixed teams (70% of investments in women-led projects); company already created with proof of concept, no pure creation stage; average ticket per investor €15k, average €80k raised per deal.

PORTFOLIO (20)

  • Wild Code SchoolNOTABLE
    Education
  • AdvicenneNOTABLE
    Biotech & Life Sciences
  • INGA
    Consumer & E-commerce · since 2022
  • SNAPSHIFT
    Software & SaaS
  • Altaroad
    Industrial & Manufacturing
  • Birdia
    Artificial Intelligence
  • 12.5
    Mobility & Logistics
  • SeaBeLife Biotech
    Biotech & Life Sciences
  • Methys Dx
    HealthTech
  • VoilaChef
    Education
  • fluiidd
    Industrial & Manufacturing
  • Circul’Egg
    Food & Agriculture
  • EX9
    Mobility & Logistics
  • COSMYX
    Industrial & Manufacturing
  • Hinlab
    HealthTech
  • Kurage
    HealthTech
  • Hephaistos Pharma
    Biotech & Life Sciences · since 2026
  • Outmind
    Artificial Intelligence
  • MerciYanis
    Software & SaaS
  • Upcyclea
    Climate & Energy

People

  • Dominique Mucchielli
    President · source
  • Françoise Huguet-Devallet
    Vice-President · source
  • Sonja Fell
    Treasurer · source
  • Marie-Pierre Sbardella
    Secretary General · source
  • Sébastien Fertier
    Délégué général / COO · source

Links

Frequently asked questions

Femmes Business Angels is a angel network based in Paris, France, founded in 2003.

Yes. Femmes Business Angels invests its own capital in private companies.

Femmes Business Angels invests at Seed stage in Software & SaaS, HealthTech, Biotech & Life Sciences, Consumer & E-commerce, Food & Agriculture, Education, Mobility & Logistics, Climate & Energy and Industrial & Manufacturing.

Key people at Femmes Business Angels include Dominique Mucchielli (President), Françoise Huguet-Devallet (Vice-President), Sonja Fell (Treasurer) and Marie-Pierre Sbardella (Secretary General).

Femmes Business Angels's investments include Wild Code School, Advicenne, INGA, SNAPSHIFT, Altaroad, Birdia, 12.5 and SeaBeLife Biotech, among others.

The most recent publicly reported investment by Femmes Business Angels is Hephaïstos (Follow-on; FBA members contributed €90k to the new round), announced in May 2026.

Femmes Business Angels states that it accepts submissions through its official contact page.