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Alter Equity is a Paris-based venture capital firm founded in 2007. The firm specializes in supporting startups that contribute to a sustainable and inclusive economy. Alter Equity has established itself as a leader in impact finance in Europe, focusing on investments that yield both financial returns and positive social and environmental outcomes.
Currently, Alter Equity manages a portfolio of 14 companies and operates with a check size range of €4 million to €20 million. The firm targets European startups with revenues exceeding €1 million, emphasizing strong growth potential. Its commitment to impact investing is reflected in its requirement for portfolio companies to develop an ESG business plan, ensuring a structured approach to social and environmental impact.
Alter Equity's notable milestones include being recognized as a pioneering venture capital impact fund in France. The firm is located at 23 rue Danielle Casanova, 75001 Paris, France, and is actively engaged in the startup ecosystem, focusing on sectors such as energy, climate, healthcare, edtech, and food-agtech.
Alter Equity invests primarily in European companies that demonstrate strong growth potential and have revenues exceeding €1 million. The firm focuses on sectors that include energy efficiency, circular economy, education, health, and sustainable agriculture. Investment amounts typically range from €4 million to €20 million, allowing for both minority and majority stakes in portfolio companies.
The firm emphasizes a dual focus on social and environmental impact alongside financial returns. This approach is evident in their investment thesis, which seeks to address significant social and environmental challenges while ensuring profitability. Alter Equity's structured impact mandate requires portfolio companies to present an ESG business plan, aligning their operations with the firm’s commitment to sustainability.
In summary, Alter Equity's investment strategy is characterized by a rigorous selection process that prioritizes companies capable of delivering measurable impact, making it a distinctive player in the European venture capital landscape.
Alter Equity's portfolio consists of 14 companies that exemplify its commitment to sustainability and social impact. Notable portfolio companies include:
This diverse portfolio reflects Alter Equity's strategic focus on sectors that align with its mission of fostering a sustainable and inclusive economy.
Fanny Picard: Founder and Partner at Alter Equity, Fanny has extensive experience in impact investing and has been instrumental in shaping the firm's investment strategy.
Marianne Simeoni: Partner at Alter Equity, Marianne brings a wealth of knowledge in venture capital and has led numerous successful investments in the impact sector.
Marion Chanéac: Partner at Alter Equity, Marion specializes in identifying high-potential startups that align with the firm's mission of sustainability.
Félix Mounier: Partner at Alter Equity, Félix has a strong background in finance and plays a key role in managing the firm's investment portfolio.
Gilles Geoffroy: Investment Director, Gilles oversees the firm's investment strategy and portfolio management, ensuring alignment with impact goals.
Georgina Pillement: Investment Manager, Georgina focuses on sourcing and evaluating potential investment opportunities.
Floriane Chambon: Investment Manager, Floriane is involved in due diligence and supports portfolio companies in achieving their impact objectives.
Clara Lesage: Investor Relations, Clara manages communications with investors and stakeholders, enhancing the firm's visibility in the impact investing space.
Eléonore Rivelois: Finance Director, Eléonore oversees the financial operations of Alter Equity, ensuring fiscal responsibility.
Boutaïna Benhayoun: Venture Partner, Boutaïna brings expertise in scaling startups and enhancing their market presence.
Jan-Claudio Muñoz: Impact Director, Jan-Claudio leads the firm's impact assessment initiatives, ensuring portfolio companies meet their ESG commitments.
Camille Richard: Investor Relations Director, Camille focuses on building relationships with potential investors and partners.
Virginia de Guillebon: Analyst, Virginia supports the investment team with research and analysis of market trends.
Axel Voyer: Analyst, Axel assists in evaluating investment opportunities and conducting due diligence.
To pitch to Alter Equity, startups should reach out via email at contact@alter-equity.com. It is recommended to include a comprehensive business plan, financial projections, and a detailed ESG strategy in the pitch deck. Founders should expect a response within a reasonable timeframe, although specific timelines may vary based on the volume of inquiries.
Warm introductions are preferred, as they can enhance the chances of securing a meeting with the investment team.
In April 2025, Alter Equity led a €6 million financing round for Montamo, a company focused on energy efficiency through heat pump installations. This investment highlights Alter Equity's active role in supporting startups that address significant environmental challenges.
Alter Equity participated in IPEM 2025, further establishing its presence in the impact investing community. The firm is recognized as a pioneering venture capital impact fund in France, emphasizing its commitment to sustainability and social responsibility.
What are Alter Equity's investment criteria?
Alter Equity targets European startups with revenues exceeding €1 million and strong growth potential. The firm invests in sectors such as energy efficiency, circular economy, education, health, and sustainable agriculture.
How can startups apply or pitch to Alter Equity?
Startups can submit their investment proposals via email at contact@alter-equity.com. It is advisable to include a detailed business plan and an ESG strategy.
What makes Alter Equity different from other venture capital firms?
Alter Equity emphasizes a dual focus on social and environmental impact alongside financial returns. The firm requires portfolio companies to develop an ESG business plan, ensuring a structured approach to impact investment.
What is the geographic scope of Alter Equity's investments?
Alter Equity primarily invests in European companies, focusing on those that contribute to sustainability and social impact.
What is the typical check size for investments?
Alter Equity typically invests between €4 million and €20 million in its portfolio companies.
What is Alter Equity's involvement post-investment?
The firm provides not only capital but also strategic guidance to enhance the social and environmental impact of its portfolio companies.
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