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Aonia Ventures, operating under the brand Groupe Aonia, is a self-funded venture capital organization based in France. Founded by Olivier Brourhant, the firm has established itself as a significant player in the early-stage investment landscape. Aonia Ventures emphasizes a long-term partnership approach with founders, focusing on startups from pre-seed to Series A stages. The firm has built a reputation for its active investment strategy, deploying capital across a diverse range of sectors including healthcare, fintech, climate, web3, media, food-agtech, mobility, AI, consumer, and energy.
Currently, Aonia Ventures manages a portfolio of over 55 companies and deploys approximately €5–7 million annually into 20 to 40 startups. The firm operates globally, allowing for a wide range of investment opportunities. Notable milestones include their investment in Alan, a health insurance unicorn, and their latest investment in Cleavr in September 2025. Aonia Ventures is structured as a self-funded, evergreen vehicle, which allows for flexibility in investment decisions and a commitment to supporting founders throughout their growth journey.
Aonia Ventures focuses on early-stage investments, typically engaging in 20 to 40 deals per year. The firm operates globally and is sector-agnostic, allowing for a wide range of investment opportunities. Check sizes range from €100K to €250K, enabling Aonia Ventures to support startups through their growth journey rather than solely focusing on financial returns. The firm’s investment strategy encompasses various sectors, including healthcare, fintech, climate, web3, media, food-agtech, mobility, AI, consumer, and energy.
The firm’s thesis emphasizes a long-term partnership approach, where they accompany founders throughout their entrepreneurial journey. Aonia Ventures seeks to invest in startups that demonstrate high growth potential and innovative solutions. Their active involvement in the development of portfolio companies distinguishes them from traditional venture capital firms, as they prioritize building relationships with founders and providing strategic support.
Aonia Ventures has built a diverse portfolio of over 55 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
This diverse portfolio reflects Aonia Ventures' commitment to supporting innovative startups across multiple industries.
Olivier Brourhant - Founder and Managing Partner. Olivier has a background in venture capital and entrepreneurship, having structured Aonia Ventures' investment approach in early 2020. His expertise spans various sectors, including healthcare and fintech, and he is committed to supporting founders throughout their journey.
In September 2025, Aonia Ventures made its latest investment in Cleavr, a financial software company, continuing its trend of supporting innovative startups. The firm has consistently engaged in 20 to 40 deals per year, maintaining a portfolio of over 55 companies. Notable past investments include Alan, which achieved unicorn status, and Beyond Aero, focused on hydrogen aircraft.
What are Aonia Ventures' investment criteria?
Aonia Ventures focuses on early-stage startups, typically investing in pre-seed to Series A rounds. They seek companies with high growth potential across various sectors, including healthcare, fintech, and climate.
How can founders apply or pitch to Aonia Ventures?
Founders can reach out to Aonia Ventures through their website or professional networks. A well-prepared pitch deck that outlines the business model, market opportunity, and team is essential for consideration.
What makes Aonia Ventures different from other venture capital firms?
Aonia Ventures emphasizes long-term partnerships with founders, providing not only capital but also strategic support throughout the startup's growth journey. Their active involvement sets them apart from traditional VC firms.
What is the geographic scope of Aonia Ventures' investments?
Aonia Ventures operates globally, allowing them to invest in startups from various regions and sectors. This broad geographic focus enables them to identify diverse investment opportunities.
What is the typical check size for investments?
Aonia Ventures typically invests between €100K and €250K per startup, allowing them to support a range of early-stage companies effectively.
What is Aonia Ventures' post-investment involvement like?
The firm actively supports its portfolio companies by providing strategic guidance, resources, and mentorship. They prioritize building strong relationships with founders to help them navigate challenges and achieve growth.
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