INCO Ventures
Impact investment management company of INCO (INCO Group)
Paris impact investment manager of the INCO group (AMF GP-19000013); five evergreen and seed funds (>€130M subscribed at June 2024) financing social and environmental enterprises of all legal forms.
- HEADQUARTERS
- Paris, France
- FOUNDED
- 2011
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 8 people
Focus
- STAGES
- SeedSeries AGrowth
- SECTORS
- EducationHealthTechConsumer & E-commerceClimate & EnergyMobility & LogisticsReal Estate & PropTech
- ASSET MIX
- Venture capitalPrivate equityImpact
- GEOGRAPHY
- France
Overview
INCO Ventures is the AMF-approved investment management company of the INCO group and has financed social and environmental impact enterprises since 2011, with more than 120 structures backed through equity, quasi-equity, participative securities and social impact contracts. It manages five funds with more than €130M subscribed at 30 June 2024: the multi-investor INCO Investissement (2012), evergreen mandates funded by Abeille Assurances (Abeille Impact Investing France, 2014), Generali (Generali Investissement à Impact, 2020) and Sycomore Asset Management (Sycomore Impact Emploi by INCO, 2021), and the closed seed fund InvESS Île-de-France Amorçage (2024). Tickets range from €150K–€500K at seed to €500K–€1.5M for scaling companies, cooperatives and associations. Holdings include BlaBlaCar, Label Emmaüs, Ammareal and Groupe Archer.
Investment thesis
Companies, cooperatives and associations in acceleration or development whose activity fights exclusion, strengthens social cohesion or preserves the environment, including inclusive job creation in deprived areas and support for vulnerable families and refugees.
PORTFOLIO (16)
- BlaBlaCarNOTABLEMobility & Logistics
- AxomoveHealthTech · since 2026
- Hectareasince 2026
- SanoHealthTech · since 2026
- AuticielHealthTech · since 2017
- Groupe ID'EESsince 2017
- MatriceEducation · since 2020
- SUSUHealthTech · since 2023
- AmmarealConsumer & E-commerce
- Groupe Archer
- Académie des Métiers d'ArtsEducation · since 2019
- BellevillesReal Estate & PropTech
- DOOK (Sinny & Ooko)Consumer & E-commerce
- Groupe Coopératif DemainClimate & Energy
- 1083 (Modetic)Consumer & E-commerce · since 2018
- Each OneEducation
People
- Jean-Michel LécuyerChief Executive Officer (Directeur Général) · source
- Timothée MetzInvestment Director · source
- Pierre-Elie BoitonInvestment Director · source
- Perrine Le ParcInvestment Director · source
- Thomas BallandInvestment Director · source
- Marianne BiggsSenior Associate · source
- Théo SavinSenior Associate · source
- Marion LarrieuSenior Associate · source
Links
Frequently asked questions
INCO Ventures is a VC fund based in Paris, France, founded in 2011.
Yes. INCO Ventures invests its own capital in private companies.
INCO Ventures invests at Seed, Series A and Growth stages in Education, HealthTech, Consumer & E-commerce, Climate & Energy, Mobility & Logistics and Real Estate & PropTech.
INCO Ventures's stated ticket size is €150K–€1.5M.
Key people at INCO Ventures include Jean-Michel Lécuyer (Chief Executive Officer (Directeur Général)), Timothée Metz (Investment Director), Pierre-Elie Boiton (Investment Director) and Perrine Le Parc (Investment Director).
INCO Ventures's investments include BlaBlaCar, Axomove, Hectarea, Sano, Auticiel, Groupe ID'EES, Matrice and SUSU, among others.
INCO Ventures states that it accepts submissions through its official contact page.
Yes. INCO Ventures manages capital from outside investors.