Fundraising FoxTruffle Capital
Venture capitalParis · Seed–Growth · 7 people tracked
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Investment thesis
Truffle Capital positions itself as a European 'Business Builder' focused on two areas of expertise: Life Sciences (MedTech and Biotech) and Deeptech applied to finance (Fintech and Insurtech). It aims to create and grow companies into future leaders in BioMedTech and Finance/Insurance. Consistent with its model, the firm systematically acts as a founder in BioMedTech, serves as lead investor in financing rounds, and takes a proactive role in company governance.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website & curated & public directories
Founder mafia
3 people who came through Truffle Capital went on to found or lead other companies.
What they invest in
from 13 of 16 portfolio companiesFintech ×6AI & Machine Learning ×5SaaS ×5Biotech ×3AgTech ×2Data & Infrastructure ×2Enterprise Software ×2Healthtech ×2
HQs:France×2United States×2Belgium×1Estonia×1European Union×1Nigeria×1
Investments · 16 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12023 · 12022 · 12021 · 12019 · 12015 · 17 dated
Nasdaq-listed (ALT) company based in Gaithersburg, MD; Redmont portfolio company with a Hodges board seat.
Jerome Durso(Chairman of the Board, President and Chief Executive Officer)
Co-investorsBonaventure Capital
Carvolix is a French MedTech company developing AI-guided mini-robotic technologies to support interventional cardiologists in treating patients with valve dysfunction and stroke.
AI & Machine LearningBiotechHealthtechMedical DevicesRoboticsNot stated on page, EU
Philippe Pouletty(Founder of Carvolix, CEO of Truffle Capital)Sébastien Ladet(CEO of Carvolix)in
BoardMichel Therin(Chairman of the Board of Directors)
Co-investorsClaret Capital Partners
Abivax develops obefazimod, an orally administered small molecule drug candidate with a novel mechanism of action targeting microRNA biology to treat chronic inflammatory diseases including ulcerative colitis and Crohn's disease.
BiotechHealthtechMedical DevicesParis, FR
Marc de Garidel(CEO)in
Co-investorsAndera PartnersClaret Capital PartnersMedicxiSamsara BioCapitalSofinnova PartnersMorgan Stanley
Actility provides industrial-grade connectivity solutions for low-power wide-area networks (LPWAN) and Internet of Things (IoT) deployments, serving service providers and MVNOs with LoRaWAN and cellular technologies through its ThingPark platform.
AgTechCloud ComputingEnterprise SoftwareIoTSaaS
Olivier Hersent(Co-founder & CEO)inAlper Yegin(CTO)in
Co-investorsBNP Paribas DéveloppementCreadevFoxconn Technology GroupIdinvest PartnersSwisscom VenturesBosch Ventures+6 more
Bridge is a stablecoin payments platform that gives businesses infrastructure to receive, store, convert, issue, and spend stablecoins through a single API.
Crypto & Web3Data & InfrastructureFintech
Zach Abrams(Founder)inSean Yu(Founder)
Co-investors1confirmationArtisanal VenturesChemistryCoinbase VenturesDepartment of XYZFirebolt Ventures Management Company, Llc+12 more
Cachet provides adaptive insurance infrastructure for the platform economy, redesigning coverage as a dynamic system that moves with operators and fleets.
FintechFuture of WorkInsurTechTallinn, EE
Hedi MardisooinKalle Pallingin
Co-investorsIcebreakerTechstarsElkstone Capital PartnersUNIQA Ventures GmbH
Dgpays is a Türkiye-based financial technology company that builds AI-native banking and payment software, including card issuing, acquiring, national switch, wallet, core banking, embedded finance and loyalty solutions.
AI & Machine LearningFintechSaaS
Co-investorsEBRD Venture Capital Investment ProgrammeEndeavor CatalystEBRD
Hydrosat converts satellite and ground data into actionable information for sustainable agriculture and water management.
AgTechAI & Machine LearningClimate TechData & InfrastructureSpace TechWashington, US
Pieter Fossel(CEO)inScott Alan Soenen(Executive Officer)Alan Royce Dalby(Executive Officer, Director)Yun Jin Kim(Executive Officer)
BoardAndrew Robert Dearing(Director)inAdam Niewinski(Director)in
Co-investorsBlue Bear Capital PartnersExpon CapitalFREEFLOWHemisphere Ventures LLCIndustrious VenturesNextwave [X] Partners+7 more
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Moni offers full-service wealth management and expert-led investment portfolios through a mobile app, pairing users with a dedicated wealth manager to build and adjust tailored, low-to-medium-risk investment strategies.
FintechLagos, NG
FemiDapoDapo Sobayo(Founder)Femi Iromini(Founder)in
Co-investorsDG Daiwa VenturesPredictive VCVentures Platform186 VenturesMAGIC FundTechstars+1 more
OBAT is a French SaaS for construction and building trades (BTP) professionals and artisans, offering tools for quotes, invoicing, electronic invoicing compliance, accounting export, and project/site management.
Construction TechFintechSaaS
Co-investorsIsaiISAI GestionKima VenturesEvolemHolnest
CAKE designs and manufactures lightweight electric off-road and street-legal motorcycles engineered for high torque, minimal weight, and low maintenance.
CleantechHardwareMobility & Transportation
Stefan Ytterborn(Founder)
Co-investorsBatshit Crazy VenturesBoston Seed CapitalCreandumFoundryGradient VenturesTechstars
WeGroup is an advisory, distribution, and efficiency platform layered on top of existing insurance broker systems like Brokercloud and BRIO, rather than replacing them.
AI & Machine LearningFintechInsurTechSaaSBelgium, BE
BoardZheng Li(Director)
Co-investorsimec.istartSeeder Fund
Zaion builds and orchestrates its own proprietary AI models integrated into solutions for customer service operations, automating customer interactions across voice and digital channels.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investors115KBpifranceFortino Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
VaxinKovrrWyden
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
1 IPOsAltimmuneNASDAQ: ALT
IPO stake values · per SEC filings
Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Altimmune | 6.3% | $5.00 | Oct 2018 | $531.6K |
Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).
Frequently asked questions
- How many investments has Truffle Capital made?
- Truffle Capital has 16 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does Truffle Capital invest at?
- Truffle Capital invests at the Seed, Series A, Series B, Growth stages.
- What is Truffle Capital's typical check size?
- Truffle Capital typically writes checks of $5M – $15M.
- What sectors does Truffle Capital focus on?
- Truffle Capital focuses on AI & Machine Learning, Biotech, Crypto & Web3, Cybersecurity, Deep Tech, Fintech, Healthtech, InsurTech, Medical Devices.
- Where is Truffle Capital located?
- Truffle Capital is headquartered in Paris, FR.
- Does Truffle Capital lead rounds?
- Yes, Truffle Capital leads investment rounds.
- Who does Truffle Capital co-invest with?
- Truffle Capital most often shares deals with Andera Partners, Claret Capital Partners, Medicxi, among 5 tracked co-investors.
Media · Podcasts & interviews
featuring the teamInvest Europe Leader Interviews: Bernard-Louis Roques, Truffle Capital
Invest Europe · Bernard-Louis Roques
Truffle Talks: Insights of Bernard-Louis Roques, CEO & Co-Founder of Truffle Capital
Truffle Capital · Bernard-Louis Roques
Asian Financial Forum 2025 – “One minute with” Bernard-Louis Roques of Truffle Capital
HKTDC · Bernard-Louis Roques
Bernard-Louis Roques Directeur Général Truffle Capital : "C'est une année charnière pour les édit...
LABOURSEETLAVIE · Bernard-Louis Roques
Philippe Pouletty (Truffle Capital&Abivax) : Abivax annonce son introduction au Nasdaq
BFM Business · Philippe Pouletty
Philippe Pouletty (Truffle Capital) : Affluent Medical développe des valves cardiaques artificielles
BFM Business · Philippe Pouletty
Images
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