Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 11 SOURCES

InnovaFonds

Also known as INNOVAFONDS, Innova Fonds

Independent Paris/Lyon private equity manager (AMF GP-08000034) doing growth, buyout and mezzanine-led “flex” deals of €3M–€35M in French industrial SMEs; €600M under management (May 2026).

HEADQUARTERS: Paris, France
FOUNDED: 2011
AUM: €600M (2026)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 8 people

Focus

STAGES: GrowthBuyout
SECTORS: Industrial & Manufacturing Mobility & Logistics HealthTech Climate & Energy
ASSET MIX: Private equityPrivate credit
GEOGRAPHY: France

Overview

InnovaFonds is an independent portfolio management company with offices in Paris and Lyon, focused on industrial SMEs and mid-caps and services to industry with €10M–€150M revenue. It runs three strategies: a national smid-cap buyout fund series (FIT), a multi-regional small-cap equity series (Partenaire Croissance) and a “flex” mezzanine-led fund (Partenaire Managers). In May 2026 it closed FIT III at €215M, above its €200M target, and stated €600M under management and nearly forty portfolio companies.

Investment thesis

Majority or strategic minority positions, mostly as lead investor, in French industrial SMEs and industrial-services companies with €10M–€150M revenue, a strong market position and export potential; equity and quasi-equity tickets of €3M–€25M, up to €35M with sister funds and partners; the PM “flex” fund invests mainly in mezzanine with a minority equity part (€5M–€12M, up to €20M).

PORTFOLIO (16)

PraxyNOTABLE
Climate & Energy · since 2025
NOVAE
Industrial & Manufacturing · since 2026
SDAG Adhésifs
Industrial & Manufacturing · since 2026
SNIC Technologies
Mobility & Logistics · since 2026
CVA
Industrial & Manufacturing · since 2025
Miditraçage - Esvia
Mobility & Logistics · since 2025
Isore
Climate & Energy · since 2025
Médipréma
HealthTech · since 2025
Fleuret
Industrial & Manufacturing · since 2025
Salini Immobilier
Industrial & Manufacturing · since 2025
NextRoad
Mobility & Logistics · since 2025
Ingeneo (ex Nortec)
Industrial & Manufacturing · since 2024
Groupe Lumiplan
Industrial & Manufacturing · since 2023
Chloride
Industrial & Manufacturing · since 2021
Eternity Systems
Industrial & Manufacturing · since 2021
Numalliance
Industrial & Manufacturing · since 2019

People

Anthony Dubut
Associé-Gérant, Président · source
Cyril Chaumien
Associé-Gérant, Directeur Général · source
Olivier Richard
Directeur Associé · source
Franck Urbanski
Directeur Associé · source
Quentin Ducouret
Directeur Associé (Partenaire Managers I) · source
Pauline Eloy
Directrice Associée · source
Nicolas Bouchery
Directeur Associé - Responsable des Relations Investisseurs · source
Mathilde Aubry
Directrice d’Investissement · source

Frequently asked questions

InnovaFonds is a private equity fund based in Paris, France, founded in 2011.

Yes. InnovaFonds invests its own capital in private companies.

InnovaFonds invests at Growth and Buyout stages in Industrial & Manufacturing, Mobility & Logistics, HealthTech and Climate & Energy.

InnovaFonds's stated ticket size is €3M–€35M.

Key people at InnovaFonds include Anthony Dubut (Associé-Gérant, Président), Cyril Chaumien (Associé-Gérant, Directeur Général), Olivier Richard (Directeur Associé) and Franck Urbanski (Directeur Associé).

InnovaFonds's investments include Praxy, NOVAE, SDAG Adhésifs, SNIC Technologies, CVA, Miditraçage - Esvia, Isore and Médipréma, among others.

The most recent publicly reported investment by InnovaFonds is NOVAE (LBO), announced in Jul 2026.

Yes. InnovaFonds manages capital from outside investors.