Skip to content
VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 16 SOURCES

Angelor

Also known as ANGELOR, Be An Angel, My Angel, Angelor Capital Santé

Lyon independent venture manager (founded 2008, AMF GP-202225 since 2022, société à mission) investing €500k–€3M at post-seed and Series A in French health and industrial-biotech companies.

HEADQUARTERS
Lyon, France
FOUNDED
2008
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
6 people

Focus

STAGES
SeedSeries A
SECTORS
HealthTechBiotech & Life SciencesFood & AgricultureClimate & EnergyIndustrial & Manufacturing
ASSET MIX
Venture capitalImpact
GEOGRAPHY
France

Overview

Angelor was founded in Lyon in 2008 by Sébastien Bonte to provide entrepreneurs with capital, expertise and a business network through a community of investors and entrepreneurs. It set up its first investment company in 2010 and first health fund in 2012, became a société à mission in 2021 and an AMF-authorised portfolio management company in 2022, and launched its first FPCI, For Good, in 2023. It now invests €500k–€3M per company at post-seed and Series A in metropolitan France, in prevention, diagnostics, therapies, medical devices and bioproduction, and is launching Angelor Capital Santé, targeting €25–40M for about a dozen health companies. It reports 93 startups backed over 18 years.

Investment thesis

Funds the clinical, industrial and commercial scale-up of French innovations expected to improve patient health within five years: patient-facing prevention, diagnostics and breakthrough therapies; practitioner tools and medical devices; and health sovereignty through bioproduction and process optimisation. Minority stakes, lead or follow, with an active board role.

PORTFOLIO (12)

  • Waga EnergyNOTABLE
    Climate & Energy · Exit announced (June 2025)
  • Pili
    Biotech & Life Sciences · since 2026
  • Standing Ovation
    Food & Agriculture · since 2026
  • Bobine
    Climate & Energy
  • Dillico
    Biotech & Life Sciences
  • Cellquest
    Biotech & Life Sciences
  • Agri Lab Leverage
    Food & Agriculture
  • Dood
    Software & SaaS
  • Véritable
    Consumer & E-commerce
  • Japet
    HealthTech
  • Diabeloop
    HealthTech
  • Inpulse
    Software & SaaS · Acquired

People

  • Sébastien Bonte
    Founder · source
  • Elsa Gessner
    Investment Director · source
  • Geoffroy Wormeringer
    Partner & Chief Financial Officer · source
  • Romain Bedeau
    Head of Fund Administration · source
  • Didier Bruguet
    Investor Relations · source
  • François Miceli
    Senior Advisor · source

Links

Frequently asked questions

Angelor is a VC fund based in Lyon, France, founded in 2008.

Yes. Angelor invests its own capital in private companies.

Angelor invests at Seed and Series A stages in HealthTech, Biotech & Life Sciences, Food & Agriculture, Climate & Energy and Industrial & Manufacturing.

Angelor's stated ticket size is €500K–€3M.

Key people at Angelor include Sébastien Bonte (Founder), Elsa Gessner (Investment Director), Geoffroy Wormeringer (Partner & Chief Financial Officer) and Romain Bedeau (Head of Fund Administration).

Angelor's investments include Waga Energy, Pili, Standing Ovation, Bobine, Dillico, Cellquest, Agri Lab Leverage and Dood, among others.

The most recent publicly reported investment by Angelor is Pili (€12.6M round), announced in Sep 2026.

Yes. Angelor manages capital from outside investors.