Skip to content
Corporate VCPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 5 SOURCES

IMA Participations

Corporate venture fund of Groupe IMA (Inter Mutuelles Assistance)

Also known as IMA PARTICIPATIONS

Evergreen €15M corporate venture fund of Niort assistance group IMA (2018); seed and Series A tickets up to €1M in mobility, home, health and customer-service startups.

HEADQUARTERS
Niort, France
FOUNDED
2018
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

Focus

STAGES
SeedSeries A
SECTORS
Mobility & LogisticsHealthTechReal Estate & PropTechFintech
ASSET MIX
Venture capital
GEOGRAPHY
FranceEurope

Overview

IMA Participations is the investment vehicle of Groupe IMA, a Niort-based assistance company whose shareholders include the mutual insurers Macif, Maif and Matmut. Created in 2018 under the group’s 2018–2020 strategic plan, it invests directly in seed and Series A startups in mobility, health, home and customer relations, with average tickets of €500–700k and up to €1M in total per company. Each investment must be sponsored by an internal business line and paired with a commercial or operational partnership. In July 2026 it held nine companies (seven French, one Spanish, one Portuguese), including The Treep, Carbookr, Urban Fisio and Finovox.

Investment thesis

Direct early-stage stakes in startups that serve IMA’s assistance businesses (mobility, home, health and well-being, operational performance), each backed by an internal business sponsor and a commercial partnership; financial return is secondary.

PORTFOLIO (5)

  • Finovox
    Fintech
  • The Treep
    Mobility & Logistics
  • Carbookr
    Mobility & Logistics
  • Urban Fisio
    HealthTech
  • Calizy

People

  • Olivier Didat
    Director, IMA Participations · source
  • Christophe Cases
    President, IMA Participations (Deputy Director, Finance and Risks, Groupe IMA) · source
  • David Veillat
    Startup partnerships project officer (Chargé d’études projets partenariats startups) · source

Links

Frequently asked questions

IMA Participations is a corporate venture arm based in Niort, France, founded in 2018.

Yes. IMA Participations invests its own capital in private companies.

IMA Participations invests at Seed and Series A stages in Mobility & Logistics, HealthTech, Real Estate & PropTech and Fintech.

IMA Participations's stated ticket size is Up to €1M.

Key people at IMA Participations include Olivier Didat (Director, IMA Participations), Christophe Cases (President, IMA Participations (Deputy Director, Finance and Risks, Groupe IMA)) and David Veillat (Startup partnerships project officer (Chargé d’études projets partenariats startups)).

IMA Participations's investments include Finovox, The Treep, Carbookr, Urban Fisio and Calizy.

The most recent publicly reported investment by IMA Participations is Finovox (Series A (€8.2M; follow-on)), announced in Jun 2026.

No. IMA Participations invests its own capital and does not raise money from outside investors.