Aster Capital
Venture capitalParis · Seed–Growth · 8 people tracked
Investment thesis
Aster invests in and supports promising startups across Europe, aiming to uncover hidden opportunities that drive transformation. The firm operates through three teams: an investment team that identifies and backs promising companies, a corporate team that helps industries turn challenges such as decarbonization into innovation opportunities via an extensive corporate network, and a scale team that provides mentorship, workshops, and connections to mentors and advisors to accelerate scaling across B2B sales, marketing, culture, and talent.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website & public directories
What they invest in
from 21 of 53 portfolio companiesCleantech ×9SaaS ×7Enterprise Software ×6Advanced Manufacturing ×5Deep Tech ×5Energy ×5Hardware ×5Climate Tech ×4
HQs:France×5United States×5Germany×2India×2Switzerland×1United Kingdom×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×32 founders×53 founders×2
Investments · 53 tracked
founders shown can be your intro pathBy year:2022 · 12020 · 12 dated
Advanced Ionics develops electrolyzer technology for producing green hydrogen, using its Symbiotic water vapor electrolysis that operates at intermediate temperatures and taps into existing industrial steam to lower electricity and capital costs.
CleantechClimate TechEnergyMilwaukee, US
Chad W. Mason(President and CEO)William Murray(Vice President)
BoardJohn Bobrowich(Director)in
Co-investorsClean Energy VentureGVP ClimateJERASWAN Impact NetworkClean Energy Ventures
Avantium develops bio-based materials and polymer technologies, including PEF and other renewable alternatives to conventional plastics, serving the packaging and materials industry.
BiotechCircular EconomyCleantechNew MaterialsNetherlands, NL
Co-investorsNavitas CapitalCapricorn Venture PartnersNV NOMPMVSignet Healthcare PartnersSofinnova Partners
Circulor provides digital product passport infrastructure and supply chain traceability solutions designed for regulatory compliance with EU sustainability requirements.
Advanced ManufacturingCircular EconomyEnterprise SoftwareSaaS
Giles Palmer(CEO)
Co-investors24 HaymarketFuture Positive CapitalHG VenturesInMotion VenturesRegeneration.VCSystemiq Capital+2 more
Cosmo Tech provides AI Simulation software to help organizations improve decision intelligence and manage complex problems, with a focus on supply chain and digital transformation.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS
Co-investorsCathay InnovationInsight PartnersInven Capital
DCbrain provides AI-powered dynamic transport planning software for logistics and supply chain optimization.
AI & Machine LearningClimate TechLogistics & Supply ChainParis, FR
Arnaud de Moissac(Founder)in
Co-investorsKickstart Innovation
Co-investorsNGP Capital
Elroy Air develops autonomous hybrid-electric aircraft for heavy-payload cargo delivery, serving commercial logistics, defense, and humanitarian customers.
Deep TechHardwareLogistics & Supply ChainRoboticsCalifornia, US
Dave Merrill(Executive Officer, Director)Clint Cope(Director)Andrew Clare(CEO)
BoardDarren Liccardo(Director)in
Co-investorsShield CapitalSnowpointCatapult VenturesCity LightHCVCHemisphere Ventures LLC+11 more
Smart building and energy management systems using IoT hardware and analytics for multi-site operators.
Co-investorsEgis Capital Partners
Finalcad offers a mobile and web application for construction site monitoring, quality control, safety tracking, and team coordination across multiple work packages.
Construction TechPropTechSaaS
Co-investorsMolten VenturesSerenaCAP HORN VCCathay InnovationDraper EspritSalesforce Ventures+1 more
Getaround is a car-sharing marketplace that allows users to book and rent vehicles from private and professional owners through a mobile app, with keyless vehicle access and included trip liability insurance.
MarketplacesMobility & TransportationSan Francisco, US
Jessica Scorpio(Founder and Vice President of Marketing)inSam Zaid(Founder & CEO)inElliot Kroo(Founder)inJeffrey Russakow(Director)Spencer Jackson(Executive Officer)inTom Alderman(Executive Officer)in
Co-investorsBraemar Energy VenturesCathay InnovationEvolution VC PartnersG SquaredHinge CapitalK2 Global+9 more
Heetch operates a ride-hailing app connecting passengers with drivers, positioning itself on low commission rates for drivers.
ConsumerMarketplacesMobility & Transportation
Co-investorsAfricInvestKima VenturesAlvenCathay InnovationFELIX CAPITALIdinvest Partners+1 more
Iceotope develops precision liquid cooling technology that uses dielectric fluid within sealed server chassis to cool all components, targeting AI and HPC hardware in data centers and edge environments.
CleantechDeep TechHardware
Co-investorsNorthern GritstoneOmbu GroupSalica Investments
Karos operates a short-distance carpooling app that matches drivers and passengers on their daily commutes, offering flexible role-switching, verified identity profiles, a women-only ("Ladies only") ride option, and a guaranteed-ride-home service via taxi or VTC.
Climate TechMarketplacesMobility & TransportationParis, FR
Tristan Croiset(Founder)inOlivier Binet(Founder)in
Co-investorsKima Ventures
Somerville, US
Sian Kleindienst(Executive Officer, Director)Nicholas Gayeski(Executive Officer, Director)Kevin Deneen(Director)Bruce Evans(Director)Evan Kornack(Director)John Anastasio(Executive Officer, Director)
LevelTen Energy operates a platform that connects renewable energy developers with customers and market participants, facilitating project visibility and deal-making in the renewable energy sector.
B2B MarketplacesCleantechClimate TechEnergySaaSSeattle, US
Bryce Smith(Executive Officer, Director)inSmith Bryce(Executive Officer, Director)William Thomas(Executive Officer)
BoardDavid Cohen(Director)inKarly Wentz(Director)inGreg Lyons(Director)
Co-investorsB Capital GroupB4 CapitalConstellation Technology VenturesPrelude VenturesTechstarsWireframe Ventures+1 more
Co-investorsXAnge
Neural Concept provides AI-powered engineering software that accelerates product design and R&D cycles for manufacturers across industries like electric vehicles, aerospace, and energy.
Advanced ManufacturingAI & Machine LearningDeep TechEnterprise SoftwareSaaSSwitzerland, CH
Co-investorsAnais VenturesForestay CapitalAlven
Regional merchandise transport services with transparent and immediate pricing.
Co-investorsLa FamigliaSamaipata
Otoqi operates a platform for vehicle logistics and fleet management, offering car transport (convoyage), repositioning, refueling, maintenance, and real-time tracking through a network of over 2,000 independent drivers.
Logistics & Supply ChainMobility & TransportationSaaS
Sebastien de Limon(Founder)in
Co-investorsCDP Venture CapitalSeventure PartnersVerve Ventures
Promethean Power develops patented energy storage technology for agricultural and off-grid applications in emerging markets.
AgTechCleantechEnergyFoodTechHardwareOsmanabad, IN
Sorin Grama(Co-founder & Director)Sam White(Co-founder & Director)
tado° makes smart thermostats and AI-powered energy management products for home heating systems including radiators, underfloor heating, boilers, and heat pumps, plus dynamic electricity supply based on real-time prices.
CleantechEnergyIoT
Co-investorsFuture Energy VenturesInven CapitalLBBW Venture Capital GmbHS2G Investments
Teem Photonics develops photonic components and laser systems, including erbium-doped waveguide amplifiers, microchip lasers, and waveguide interface products for telecommunications, industrial marking, and silicon photonics applications.
Advanced ManufacturingDeep TechHardwareSemiconductorsGrenoble, FR
Warehousing1 is a logistics software startup that digitizes fulfillment operations for e-commerce brands through a network of warehouses.
B2B MarketplacesE-commerceEnterprise SoftwareLogistics & Supply ChainSaaSBerlin, DE
Nico SzeliNils AschmannFabian Sedlmayr
Portfolio news
latest coverage across their companiesKaros · trysignalbase.com · Mar 25, 2026
Frequently asked questions
- How many investments has Aster Capital made?
- Aster Capital has 51 tracked investments.
- What stage does Aster Capital invest at?
- Aster Capital invests at the Seed, Series A, Series B, Series C, Growth stages.
- What is Aster Capital's typical check size?
- Aster Capital typically writes checks of $540K – $16.2M.
- What sectors does Aster Capital focus on?
- Aster Capital focuses on Advanced Manufacturing, AgTech, Cleantech, Climate Tech, Crypto & Web3, Deep Tech, Energy, Mobility & Transportation, New Materials, SaaS.
- Where is Aster Capital located?
- Aster Capital is headquartered in Paris, FR.
- Does Aster Capital lead rounds?
- Aster Capital typically participates in rounds rather than leading them.
- Who does Aster Capital co-invest with?
- Aster Capital most often shares deals with Cathay Innovation, Inven Capital, Kima Ventures, among 62 tracked co-investors.
Media · Podcasts & interviews
featuring the teamJean-Marc Bally - Managing Partner d’Aster Capital
I&S Adviser Operating Partners · Jean-Marc Bally
Jean-Marc BALLY, Managing Partner (Aster Capital) et l'innovation ouverte
Direction générale des Entreprises · Jean-Marc Bally
ECO16 Berlin: Fabio Lancellotti Aster Capital
ecosummitTV · Fabio Lancellotti
Images
Co-investors · 24
NGP Capital is a venture capital firm with two decades of experience backing founders building transformative technologies across global markets.
Alven is an independent early-stage venture capital firm that has been investing for 25 years, positioning itself as a straightforward, hands-on partner to entrepreneurs.
Molten Ventures is a European venture capital firm that backs technology founders from Series A onward, providing capital along with expertise and networks to help companies scale globally.
Seventure Partners is a European venture capital firm, founded in 1997 and a subsidiary of Natixis Investment Managers, investing in digital technologies and life sciences companies with strong growth potential.
Serena is a France-based venture capital firm founded in 2008 by entrepreneurs to support founders, with more than half of its team being operators who have founded or led companies.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Mayfield is a venture capital firm that invests in early-stage consumer and marketplace companies, backing founders from inception through IPO.
Flybridge Capital Partners is an early-stage venture capital firm that invests in entrepreneurs building companies with global reach. The firm focuses on supporting innovative ventures from their initial funding stages.
Next47 is a venture capital firm that invests early, focusing on the product itself before metrics or hype, partnering with founders to help them scale from initial concept to growth.
Team8 is a venture creation and venture capital firm that partners closely with founders and industry experts to identify core problems and build long-lasting companies.
MMC is a European venture capital firm that has partnered with over 100 early-stage founders over more than two decades to help grow their startups.
Boost VC is an early-stage venture firm that backs founders building in frontier and deep technology areas, describing itself as the first investor in companies working to make aerospace and other emerging technologies a reality.
▶12 more co-investors
Samsung NextPaladin Capital GroupClearvision VenturesNewfund CapitalHitachi, Ltd.MoreVCManiv MobilityKaristaTekfen VenturesPrinceville CapitalNovastar Ventures2050 Capital
Firms observed investing alongside Aster Capital, from public investor directories. Shared companies are the overlap with Aster Capital's recorded portfolio.
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