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Corporate VCAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 6 SOURCES

Crédit Agricole Alpes Développement (C2AD)

Private-equity tool of the two Crédit Agricole regional banks Crédit Agricole Sud Rhône Alpes and Crédit Agricole des Savoie

Also known as C2AD, Crédit Agricole Alpes Développement

Private-equity arm of Crédit Agricole Sud Rhône Alpes and Crédit Agricole des Savoie, taking stakes from start-up to buyout in companies of Ardèche, Drôme, Isère, Savoie and Haute-Savoie.

HEADQUARTERS
Grenoble, France
FOUNDED
—
AUM
€60M (2020)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
1 people

FOCUS

STAGES
SeedGrowthBuyout
SECTORS
Industrial & Manufacturing
GEOGRAPHY
France

WHAT IT IS

Corporate VC. A corporation investing from its own balance sheet, usually with strategic goals.

ABOUT

Crédit Agricole Alpes Développement (C2AD) is the private-equity tool of the Crédit Agricole Sud Rhône Alpes and Crédit Agricole des Savoie regional banks. It invests in creation-innovation, development and buyout capital and shareholder reorganisations through its vehicles CADS Capital, CADS Développement and CASRA Capital. In 2020 it covered five departments from offices in Grenoble, Bourgoin-Jallieu and Annecy, with about 150 portfolio companies and over €60M under management.

PORTFOLIO (2)

  • Leman Industries
    Industrial & Manufacturing · since 2026
  • Groupe SAMSE
    Industrial & Manufacturing · since 2020

TEAM

  • Cyril Gouttenoire
    Directeur Général · source

FAQ

Crédit Agricole Alpes Développement (C2AD) is a corporate venture arm based in Grenoble, France.

Yes. Crédit Agricole Alpes Développement (C2AD) invests directly in private companies.

Crédit Agricole Alpes Développement (C2AD) invests at Seed, Growth and Buyout stages in Industrial & Manufacturing.

Key people at Crédit Agricole Alpes Développement (C2AD) include Cyril Gouttenoire (Directeur Général).

Crédit Agricole Alpes Développement (C2AD)'s investments include Leman Industries and Groupe SAMSE.

The most recent publicly reported investment by Crédit Agricole Alpes Développement (C2AD) is Leman Industries (Minority stake alongside For Talents, Garibaldi Participations and Carvest (family transmission)), announced in Jan 2026.

No. Crédit Agricole Alpes Développement (C2AD) invests its own capital and does not raise money from outside investors.