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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

C4 Ventures

Also known as C4 Ventures Management, C4V

Paris venture capital firm founded in 2014 by Pascal Cagni; invests €2–5M, mainly at Series A, in European tech and deep tech (compute, physical AI, enterprise software).

HEADQUARTERS
Paris, France
FOUNDED
2014
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
8 people

Focus

STAGES
SeedSeries ASeries B
SECTORS
Artificial IntelligenceDeep TechSoftware & SaaSIndustrial & ManufacturingSpace
ASSET MIX
Venture capital
GEOGRAPHY
EuropeFrance

Overview

C4 Ventures is a Paris-based venture firm founded in 2014 by Pascal Cagni, former head of Apple Europe, with Boris Bakech; its management company C4 Ventures Management SAS is AMF-authorised (GP-20000004). It has run three funds: C4 Ventures I (deployed from 2016), C4 Ventures II (first close 2020) and C4 Ventures III (launched September 2025 with a €100M target). It invests €2–5M tickets, mainly at Series A and selectively late seed and Series B, as lead or co-investor, across Future of Compute, Physical AI and Augmented Enterprise. The site reports 58 companies backed, 21 exits and 2 IPOs.

Investment thesis

Series A, selectively late seed and Series B; €2–5M initial tickets plus reserves, lead or co-investor with a board or observer seat. Themes: Future of Compute (semiconductors, cloud and edge, quantum, clean compute), Physical AI (robotics, autonomous systems, new space, defence tech) and Augmented Enterprise (agentic systems, industrial software, commerce tech, cybersecurity). Backs European founders and helps US and Israeli companies expand in Europe.

PORTFOLIO (15)

  • PsiQuantumNOTABLE
    Deep Tech
  • Impulse SpaceNOTABLE
    Space
  • NEURA RoboticsNOTABLE
    Industrial & Manufacturing
  • FormlabsNOTABLE
    Industrial & Manufacturing
  • RiskifiedNOTABLE
    Fintech · IPO
  • Delos
    Artificial Intelligence · since 2026
  • Bedrock Robotics
    Industrial & Manufacturing
  • DriveNets
    Software & SaaS
  • Alice & Bob
    Deep Tech
  • Jus Mundi
    Artificial Intelligence
  • Via
    Mobility & Logistics
  • Graphcore
    Deep Tech
  • Refurbed
    Consumer & E-commerce
  • Arago
    Deep Tech
  • Dastra
    Software & SaaS

People

  • Pascal Cagni
    Founder & CEO · source
  • Boris Bakech
    Co-Founder & Managing Partner · source
  • Eric Boustouller
    Partner · source
  • Valère Rames
    Partner · source
  • Michel Sassano
    Partner & Tech Lead · source
  • Mathieu Bourdié
    Partner, CFO & Investor Relations · source
  • Olivier Le Goff
    Principal – Legal & Tax Affairs · source
  • Jean Weill
    Associate – Legal, Tax & Communications · source

Links

Frequently asked questions

C4 Ventures is a VC fund based in Paris, France, founded in 2014.

Yes. C4 Ventures invests its own capital in private companies.

C4 Ventures invests at Seed, Series A and Series B stages in Artificial Intelligence, Deep Tech, Software & SaaS, Industrial & Manufacturing and Space.

C4 Ventures's stated ticket size is €2M–€5M.

Key people at C4 Ventures include Pascal Cagni (Founder & CEO), Boris Bakech (Co-Founder & Managing Partner), Eric Boustouller (Partner) and Valère Rames (Partner).

C4 Ventures's investments include PsiQuantum, Impulse Space, NEURA Robotics, Formlabs, Riskified, Delos, Bedrock Robotics and DriveNets, among others.

The most recent publicly reported investment by C4 Ventures is Delos (€10M Series A (with Bpifrance and Founders Future); third investment of C4 Ventures III), announced in Sep 2026.

Yes. C4 Ventures manages capital from outside investors.