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Air Liquide Venture Capital (ALIAD)

Corporate VC

Paris · Seed–Growth

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Investment thesis

ALIAD invests in innovative startups whose technologies align with Air Liquide's activities, spanning climate tech, energy, hydrogen, biomethane, industrial technologies and healthcare. It positions itself as more than a financial backer, forming mutually beneficial partnerships that give startups access to Air Liquide's technological and commercial resources to help them scale. Since its founding in 2013 it has backed more than 40 startups across areas such as clean energy, waste-heat conversion, hydrogen production, gas analytics, industrial asset integrity and medical technology.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
HQ
Paris, FR
Leads rounds
Follows
Instruments
Equity
Founded
2013
Last 12 months
1 investment
Tracked investments
16

What they invest in

from 11 of 16 portfolio companies

Deep Tech ×5Cleantech ×4Hardware ×4Energy ×3Healthtech ×3Biotech ×2Climate Tech ×2Digital Health ×2

HQs:France×2Switzerland×1

Investments · 16 tracked

founders shown can be your intro path
44.014401.earthin𝕏

44.01 is a carbon removal company that mineralizes CO₂ by using natural processes to permanently convert captured carbon dioxide into rock.

CleantechClimate TechDeep Tech

Co-investorsAlumni VenturesBascom VenturesBasecamp FundBreakthrough Energy VenturesClimate InvestmentFuture Planet Capital+8 more

Apixapixanalytics.com

Apix Analytics builds compact, field-ready gas analysis instruments that deliver real-time measurement for applications such as natural gas, biomethane, hydrogen, and pollutant analysis.

CleantechDeep TechEnergyHardwareGrenoble, FR

Co-investorsENGIE New Ventures

BOTALYSbotalys.comin

Botalys develops and supplies premium botanical ingredients used as actives in nutraceutical and cosmeceutical products.

AgTechBiotechWellness & Fitness

Co-investorsVIVES PartnersThe Yield LabThe Yield Lab Europe

CARMATcarmat-phrt.com

CARMAT develops Aeson, a total artificial heart that replaces both ventricles to treat patients with end-stage biventricular heart failure.

BiotechHealthtechMedical Devices

Cathay

Invests in early to growth-stage startups in the Chinese energy sector with a focus on New Energies.

Demeter

European private equity investor in clean technology focused on SMEs.

Distrandistran.swissin

Distran manufactures ultrasonic (acoustic) cameras that detect and locate pressurized gas leaks from a distance for industrial operators in sectors such as oil and gas, chemical, and power generation.

Deep TechEnergyHardwareZürich, CH

Ekoscan Integrityekoscanintegrity.comin

EkoScan Integrity develops non-destructive testing (NDT) products and infrastructure monitoring technology, offered as a service to assess the performance and reliability of physical assets and infrastructure.

Deep TechHardwareIoT

Five Arrows Sustainable Investments

Growth and buyout fund dedicated to sustainability across energy, cities, food and agriculture.

Libheroslibheros.frin𝕏

libheros is an e-health company that coordinates at-home and on-site care by connecting patients and companies with qualified healthcare professionals such as nurses, physiotherapists, and midwives.

Digital HealthHealthtechMarketplacesParis, FR

Jean-Christophe Klein(Founder)Florence Herry(Nurse and President)

MySpheramysphera.comin𝕏

MYSPHERA builds a modular, connected platform that automates and coordinates patient flow and clinical processes for hospitals and healthcare organizations.

Digital HealthHealthtechSaaS

Co-investorsSwanlaab Venture Factory

Orcan Energyorcan-energy.com

Products and solutions converting industrial waste heat into CO2-free electrical power.

Co-investorsMatterwave Ventures

Power to Hydrogen

Develops and manufactures anion exchange membrane (AEM) electrolyzers for low-cost hydrogen production.

Co-investorsJERAMOL Switch

Quoblyquobly.ioinJun 2026

Quobly develops silicon-based quantum computers built on standard semiconductor manufacturing (300 mm wafers), producing rack-scale, data center-ready systems aimed at fault-tolerant, million-qubit machines.

Deep TechQuantum ComputingSemiconductors

Maud Vinet(Founder)inTristan Meunier(Founder)in

Co-investorsInnovacomQuantonationSupernova InvestBpifrance

SparkNanospark-nano.comin

SparkNano develops spatial atomic layer deposition (ALD) equipment for depositing thin nano-coatings at high speed and precursor efficiency.

CleantechHardwareNew Materials

Co-investorsBOMInnovation Industries

Waga Energywaga-energy.comin𝕏

Waga Energy develops the WAGABOX technology, which upgrades landfill gas into biomethane as a renewable alternative to fossil natural gas.

CleantechClimate TechEnergy

Co-investorsStarquest Capital

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Air Liquide Venture Capital (ALIAD) made?
Air Liquide Venture Capital (ALIAD) has 15 tracked investments.
What stage does Air Liquide Venture Capital (ALIAD) invest at?
Air Liquide Venture Capital (ALIAD) invests at the Seed, Series A, Series B, Growth stages.
What sectors does Air Liquide Venture Capital (ALIAD) focus on?
Air Liquide Venture Capital (ALIAD) focuses on AgTech, Cleantech, Climate Tech, Deep Tech, Digital Health, Energy, Enterprise Software, Hardware, Healthtech, Medical Devices, New Materials.
Where is Air Liquide Venture Capital (ALIAD) located?
Air Liquide Venture Capital (ALIAD) is headquartered in Paris, FR.
Does Air Liquide Venture Capital (ALIAD) lead rounds?
Air Liquide Venture Capital (ALIAD) typically participates in rounds rather than leading them.
Who does Air Liquide Venture Capital (ALIAD) co-invest with?
Air Liquide Venture Capital (ALIAD) most often shares deals with Bascom Ventures, Breakthrough Energy Ventures, ENGIE New Ventures, among 20 tracked co-investors.

Media · Podcasts & interviews

from their channel

Webinaire BoursoLive : "Associer les actionnaires individuels aux promesses de l’IA" - Air Liquide

Air Liquide

Déploiement des premiers camions à hydrogène aux Pays-Bas - Air Liquide

Air Liquide

Deployment of the first hydrogen trucks in the Netherlands - Air Liquide

Air Liquide

Assemblée Générale 2026 - Air Liquide

Air Liquide

Images

Air Liquide Venture Capital (ALIAD) photoAir Liquide Venture Capital (ALIAD) photoAir Liquide Venture Capital (ALIAD) photoAir Liquide Venture Capital (ALIAD) photoAir Liquide Venture Capital (ALIAD) photoAir Liquide Venture Capital (ALIAD) photo

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