Capagro
Also known as CapAgro, Capagro Agri-Food Innovation
Paris venture capital manager dedicated to AgTech and FoodTech; invests €2–6M initial tickets in early-growth European agrifood technology companies with revenues.
- HEADQUARTERS
- Paris, France
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 8 people
FOCUS
- STAGES
- Series ASeries BGrowth
- SECTORS
- Food & AgricultureBiotech & Life SciencesIndustrial & ManufacturingConsumer & E-commerceClimate & Energy
- ASSET MIX
- Venture capitalImpact
- GEOGRAPHY
- EuropeFrance
WHAT IT IS
VC Fund. A fund manager investing capital raised from limited partners into startups.
ABOUT
Capagro is an AMF-authorised portfolio management company (GP-14000005, 2014) that presents itself as the first independent European venture fund dedicated to AgTech and FoodTech. It invests initial tickets of €2M to €6M in early-growth companies with significant revenues across the agrifood value chain, from agricultural robotics and inputs to ingredients and food brands. Partners listed on its site include Crédit Agricole, Bel, Avril, Tereos, Terrena, Bpifrance, ISAGRI, InVivo, LSDH, Groupama, Les Mousquetaires, Euralis and AG2R La Mondiale, and a panel of agrifood experts advises the fund. It publishes an annual impact report built on six sustainability goals.
INVESTMENT THESIS
Early-growth AgriFood tech companies with significant revenues seeking commercial expansion; initial investments of €2–6M; Europe, with outreach to North America, Brazil and Israel; agricultural robotics, biocontrol and animal health, specialty ingredients, healthy food and e-commerce; impact goals: nutrition, biodiversity, health and safety, sustainable work, circular production and climate action.
PORTFOLIO (15)
- EcorobotixNOTABLEFood & Agriculture
- AgriodorFood & Agriculture
- PlymagFood & Agriculture
- NofenceFood & Agriculture
- PhagosBiotech & Life Sciences
- CuureConsumer & E-commerce
- Agryco (Agriconomie)Food & Agriculture
- JaphyConsumer & E-commerce
- La Belle VieConsumer & E-commerce
- Nick’sConsumer & E-commerce
- LaVieFood & Agriculture
- BoMillFood & Agriculture
- CelluCompIndustrial & Manufacturing
- UbeesFood & Agriculture
- YoojiConsumer & E-commerce · Acquired
TEAM
- Tom Espiard-CignacoPresident and Managing Director · source
- Anne-Valérie BachManaging Director · source
- Bor BoerManaging Director · source
- Maxime WalterInvestment Director · source
- Dylan Lawrence MissonnierInvestment Director · source
- Pierre KienerInvestment Director · source
- Juliette Raoul-FortésaInvestment Manager · source
- Tiphaine MuepuSenior Associate · source
LINKS
FAQ
Capagro is a VC fund based in Paris, France.
Yes. Capagro invests directly in private companies.
Capagro invests at Series A, Series B and Growth stages in Food & Agriculture, Biotech & Life Sciences, Industrial & Manufacturing, Consumer & E-commerce and Climate & Energy.
Capagro's stated ticket size is €2M–€6M.
Key people at Capagro include Tom Espiard-Cignaco (President and Managing Director), Anne-Valérie Bach (Managing Director), Bor Boer (Managing Director) and Maxime Walter (Investment Director).
Capagro's investments include Ecorobotix, Agriodor, Plymag, Nofence, Phagos, Cuure, Agryco (Agriconomie) and Japhy, among others.
The most recent publicly reported investment by Capagro is Agriodor (€15M Series A (led by Crédit Mutuel Impact; Capagro follow-on as historical investor)), announced in Apr 2026.
Yes. Capagro manages capital from outside investors.