Skip to content
Family HoldingAllocates capital directlyLAST VERIFIED Oct 2026 · 8 SOURCES

Also known as HOLNEST, ICMI

Lyon holding and family office of Jean-Michel Aulas (ex-ICMI, 1983), 100% Aulas-family owned; startup and growth stakes, Olympique Lyonnais and LDLC Arena, real estate, and the Club Holnest angels.

USEFUL FOR Founders · Business owners seeking a long-term partner · Co-investors

Family & background

FAMILY
Aulas (Jean-Michel Aulas)
WEALTH ORIGIN
Cegid (management software) and Olympique Lyonnais
HEADQUARTERS
Lyon, France
FOUNDED
1983
OUTSIDE CAPITAL
No — own capital only

Investment approach

GEOGRAPHY
France
STAGES
Pre-SeedSeedSeries AGrowth
ROUTES
Direct investments
STRATEGIES
Venture capitalPrivate equityReal estate
INBOUND
Accepts submissions

Overview

Holnest is the holding company that Jean-Michel Aulas created in 1983 as ICMI, which carried the creation of software publisher Cegid and later his investment in Olympique Lyonnais; it took the name Holnest in 2018. It is wholly owned by the Aulas family and run by Jean-Michel Aulas, Alexandre Aulas and Patrick Bertrand. It invests in digital, B2B and B2B2C startups and growth companies, sport and entertainment (Olympique Lyonnais shareholder; since 2024, president and 60% shareholder of HOLARENA, which owns LDLC Arena) and real estate including property development. In 2018 it created Club Holnest, a business angel club that co-invests in pre-seed to pre-Series A rounds.

Investment thesis

Active investment around its fields of expertise — B2B digital, entertainment, services, real estate and infrastructure — and any sector whose development can be accelerated by digital technology, backing entrepreneurs while respecting their choices.

Holdings & investments (51)

INVESTMENT ARMS & VEHICLES

  • Business angel club created by Holnest in 2018; 20 members investing €150k–€500k together per project at pre-seed to pre-Series A
  • Vehicle that owns LDLC Arena (Holnest 60%, president)

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

  • LDLC ArenaNOTABLE
    since 2024
  • Olympique LyonnaisNOTABLE
  • CegidNOTABLE
    Software & SaaS · Exited
  • AddWorking
    Software & SaaS
  • Aptivio
    Software & SaaS
  • Asystom
    Industrial & Manufacturing
  • Batconnect
    Deep Tech
  • Beeye
    Software & SaaS
  • Cerbair
    Deep Tech
  • Dealt
  • Delpha
  • Eagr
    Software & SaaS
  • Embassair Group
    Mobility & Logistics
  • Entroview
    Deep Tech
  • Explain
    Deep Tech
  • Faume
    Climate & Energy
  • Fulllife
  • Jus Mundi
  • Kapptivate
    Software & SaaS
  • Kolus
    Software & SaaS
  • Letxbe
    Deep Tech
  • Memento
    Artificial Intelligence
  • My Bacchus Onafis
    Food & Agriculture
  • My Hospitel
    HealthTech
  • Naali
  • Namastay
  • Obat
    Real Estate & PropTech
  • Objow
    Software & SaaS
  • Qiiro
  • Reecall
    Artificial Intelligence
  • Rewayz
  • Sim&Cure
    HealthTech
  • Smartway
    Climate & Energy
  • Stracker
  • Technofounders
    Deep Tech
  • Team For The Planet
    Climate & Energy
  • Téo
    HealthTech
  • Unico
    Climate & Energy
  • Watcha
    Software & SaaS
  • Workelo
  • Wyz Group
    Software & SaaS
  • Xperience.immo
    Real Estate & PropTech
  • Xtramile
  • Abelio
    Food & Agriculture · Exited
  • ABM Pharma
    HealthTech · Exited
  • Gleamer
    HealthTech · Exited
  • Laponi
    Exited
  • Live Journey
    Software & SaaS · Exited
  • Pixyl
    HealthTech · Exited
  • Twicpics
    Climate & Energy · Exited
  • Verteego
    Software & SaaS · Exited

People

  • Julien Bertrand
    Investment Director (Directeur de Participations) · source
  • Jean-Michel Aulas
    Founder and President · source
  • Alexandre Aulas
    Managing Director (Directeur Général) · source
  • Patrick Bertrand
    General Manager, Operations · source
  • Jonas Fabre
    Joined Holnest in 2024 (title not stated) · source

Classification

Family Holding. A family's holding company that owns stakes in several separate businesses or invests beyond its own group, without calling itself a family office. How family capital is classified →

FAQ

Holnest is a family holding based in Lyon, France, founded in 1983.

Holnest invests on behalf of the Aulas (Jean-Michel Aulas) family (Cegid (management software) and Olympique Lyonnais).

Holnest invests directly in companies. Its stated asset mix includes venture capital, private equity and real estate.

Holnest invests at Pre-Seed, Seed, Series A and Growth stages in Software & SaaS, Media & Entertainment, Deep Tech, Climate & Energy, HealthTech and Real Estate & PropTech.

Key people at Holnest include Jean-Michel Aulas (Founder and President), Alexandre Aulas (Managing Director (Directeur Général)), Patrick Bertrand (General Manager, Operations) and Julien Bertrand (Investment Director (Directeur de Participations)).

Holnest's holdings and investments include LDLC Arena, Olympique Lyonnais, Cegid, AddWorking, Aptivio, Asystom, Batconnect and Beeye, among others.

The most recent publicly reported investment by Holnest is LDLC Arena (via HOLARENA) (Acquisition of 100% of LDLC Arena through HOLARENA (Holnest president and 60% shareholder) with 13 partners), announced in Jun 2024.

Holnest states that it accepts submissions through its official contact page.

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