Fundraising Fox

Adelie

Venture capital

Paris · Pre-Seed–Late Stage · 6 people tracked

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Investment thesis

Adelie invests across multiple stages in technology-enabled businesses in Europe, leveraging a large network of experienced entrepreneurs and institutional investors. The firm partners with Clipperton, a technology investment bank, to provide financing and M&A advisory expertise to portfolio companies. The focus is on supporting ambitious teams building fast-growing European tech companies.

Invests inSector AgnosticParis

Source: firm website, verified Jul 21, 2026.

Stage
Pre-Seed–Late Stage
HQ
Paris, FR
Founded
2008
Tracked investments
33

Team · 6 people

from the firm's website
Jean-Manuel Costa· Managing Partner

Founder of Adelie with over 15 years of experience in financial services and technology investing. Previously advised fintech companies and tech investors at Goldman Sachs and JP Morgan in London, and worked in corporate finance at NetsCapital. Holds an engineering degree from Centrale Supelec and an MBA from Wharton.

Quentin Gazay· Principal

Joined Adelie in 2020 as Principal. Previously served as right-hand to CEO and COO at SpaceFill, a B2B SaaS logistics company, and as junior consultant at Accenture Strategy's Financial Services practice. Graduated from ESSEC Business School with a Master in Management and completed the Venture Capital & Entrepreneurship track.

Alexis Sauge· Fund Controller

Joined Adelie in 2026 as Fund Controller. Previously worked as Fund Manager at FundPartner AM and as Fund Management Analyst at Edmond de Rothschild REIM. Holds a Master in Finance from ICN Business School.

Hugo Tranzer· Associate

Joined Adelie in 2023 as Associate. Previously worked in venture capital at Quadrille Capital, large cap M&A at Crédit Agricole CIB, and financial planning and analysis at Worldline. Graduated from EDHEC Business School's GETT triple degree program with international study experience in France, South Korea, and California.

Jean-François Sarrazin· CFO

Joined Adelie in 2026 as CFO. Previously served as CFO at Revaia, a growth equity fund, and as Fund Controller in Private Equity at Unigestion. Graduated from engineering school ESME Sudria.

Mathilde Pujol· Analyst

Joined Adelie in 2024 as Analyst. Previously worked in venture capital at INCO Ventures and as an Investment Specialist at Amundi. Graduated from ESCP Business School, specializing in Corporate Finance and Entrepreneurship with studies in Berlin and Turin.

What they invest in

from 1 of 33 portfolio companies

Data & Infrastructure ×1Enterprise Software ×1Healthtech ×1HR Tech ×1SaaS ×1

HQs:France×1

Investments · 33 tracked

founders shown can be your intro path
advensadvens.frin
Advens

Leading cybersecurity pure-player in France combining high value-added services with Security-as-a-Service.

Believebelieve.com
Bizaobizao.com

Fintech platform that aggregates payment services to accelerate digital payment adoption across Western and Central Africa.

Brevo

All-in-one digital marketing platform for SMBs offering communication, marketing automation, and customer engagement tools.

Brevobrevo.com
Clareo

French LED lighting manufacturer providing energy-efficient and long-lasting products for real estate renovation and construction.

Clareolightingclareolighting.comin
DentalMonitoringdentalmonitoring.com

Global leader in AI-powered SaaS for remote orthodontic treatment monitoring using smartphone images and clinical data.

Didomididomi.ioin𝕏

Global data privacy and consent management platform ensuring GDPR and CCPA compliance across digital touchpoints.

Equativequativ.comin𝕏

Full-stack advertising monetization platform enabling publishers to run direct and programmatic campaigns across digital formats.

Fenergofenergo.comin𝕏

KYC and client lifecycle management software helping financial institutions deliver faster and compliant customer onboarding.

Foodlesfoodles.coin

Next-generation B2B canteen service providing sustainable, on-site food solutions using connected fridges and local suppliers.

Genesis Aigenesis-ai.companyin𝕏
Happydemics

SaaS platform enabling marketing teams to measure and analyze brand KPIs across nearly 5 billion people worldwide.

Hublo

SaaS platform for healthcare workforce management connecting institutions with over 1.1 million healthcare professionals.

Hublohublo.comin𝕏

Hublo provides HR and staffing management software for healthcare and social care facilities. The platform helps hospitals and care homes recruit qualified professionals, manage replacements and shifts, and improve working conditions to reduce turnover and interim staffing costs.

Data & InfrastructureEnterprise SoftwareHealthtechHR TechSaaSParis, FR

Cyril Gantzer(Founder)inLéo-Paul Goffic(Founder)inEtienne Le Scaon(Founder)in

Hyperlinehyperline.co
Hyperline

All-in-one platform automating the entire quote-to-cash sales cycle for improved efficiency and revenue visibility.

iPaidThatipaidthat.ioin

SaaS platform automating accounting and finance management for SMBs using AI-powered invoice and banking features.

Landytechlandytech.comin𝕏

Secured real-time software for reporting and risk analysis serving asset managers, family offices, and fiduciaries.

Mediarithmicsmediarithmics.ioin𝕏

Customer data platform providing integrated marketing suite for retailers, publishers, and consumer brands.

Nexthinknexthink.com

Global leader in digital experience management software enabling enterprises to create productive digital workplaces.

Rydoorydoo.comin

AI-powered expense management platform automating the entire employee expense reporting and approval process.

Skelloskello.ioin𝕏

Workforce management SaaS platform for frontline teams in hospitality, retail, healthcare, and services with compliance automation.

supervizorsupervizor.comin
Tilak

Creator of clinically validated mobile medical games helping patients monitor chronic diseases like wet AMD.

Tilakhealthcaretilakhealthcare.comin
Tomorrotomorro.comin𝕏

Contract lifecycle management software with AI-powered clause suggestions for streamlined contract negotiations and renewals.

vsoravsora.comin
Withingswithings.comin𝕏

Leading provider of clinically validated smart health devices and apps for remote health monitoring and chronic disease management.

YesWeHackyeswehack.com

Cybersecurity platform offering bug bounty, vulnerability disclosure, penetration testing, and attack surface management services.

Frequently asked questions

What stage does Adelie invest at?
Adelie invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Adelie focus on?
Adelie focuses on Sector Agnostic.
Where is Adelie located?
Adelie is headquartered in Paris, FR.

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