Key Takeaways
- • Anaxago Group has acquired VC firm CapHorn Invest to establish a comprehensive alternative investment platform in France, with regulatory approval from the Autorité des marchés financiers; deal financial terms were not disclosed.
- • CapHorn Invest manages approximately €180 million in assets under management and holds equity stakes in notable portfolio companies including Ledger, Critizr, and Powell Software, with a 150-member LP base including institutional investors such as BPI and the European Investment Fund.
- • The combined entity will offer investment products spanning early-stage venture capital to real estate and private debt, with deal sizes ranging from €1 million to €15 million, positioning leadership figures Joachim Dupont and Guillaume Dupont to operate across the full spectrum of private capital.
- • Sofiouest, the investment and holding subsidiary of Sipa Ouest-France Group, has taken a strategic stake in Anaxago to support the combined group's growth trajectory in France's expanding venture capital market.
- • CapHorn Invest's management will assume operational control of the merged entity's venture capital activities, leveraging its 10-year track record as an early-stage specialist and established relationships across France's entrepreneurial and institutional investor ecosystem.
Summary
Anaxago Group, a multifaceted French alternative investment platform, has acquired venture capital firm CapHorn Invest in a transaction designed to consolidate leadership across France's alternative investment market. The acquisition has received regulatory clearance from the Autorité des marchés financiers, with Anaxago acquiring 100% ownership and merging CapHorn with its management subsidiary, Anaxago Capital. The monetary terms of the deal were not publicly disclosed.
CapHorn Invest brings substantial assets and market positioning to the combined entity. The firm manages approximately €180 million in assets and maintains equity holdings in established companies including Ledger, Critizr, and Powell Software. Established a decade ago as one of France's first entrepreneur-focused venture funds, CapHorn has assembled a 150-member limited partner base comprising entrepreneurs, business leaders, and institutional investors including Banque Publique d'Investissement (BPI) and the European Investment Fund. This institutional anchor base provides significant dry powder and deal flow access for future investment activities.
Anaxago's existing platform spans securities crowdfunding for early-stage enterprises, real estate investment, private equity funds, and wealth management services, serving both institutional and individual investors. The acquisition strategically positions the combined group to offer comprehensive coverage across alternative assets—from venture capital to real estate to private credit—with investment tickets ranging from €1 million to €15 million. Leadership duo Joachim Dupont and Guillaume Dupont will oversee this expanded portfolio, creating what the company describes as a leading player in French alternative investment.
Supporting the group's expansion, Sofiouest—the investment and holding subsidiary of Sipa Ouest-France Group—has taken a strategic equity stake in Anaxago. CapHorn's existing management team will retain operational control of venture capital activities for the merged entity, preserving continuity while leveraging Anaxago's platform capabilities and capital access to accelerate growth in an increasingly competitive French venture capital environment.
CapHorn Invest brings substantial assets and market positioning to the combined entity. The firm manages approximately €180 million in assets and maintains equity holdings in established companies including Ledger, Critizr, and Powell Software. Established a decade ago as one of France's first entrepreneur-focused venture funds, CapHorn has assembled a 150-member limited partner base comprising entrepreneurs, business leaders, and institutional investors including Banque Publique d'Investissement (BPI) and the European Investment Fund. This institutional anchor base provides significant dry powder and deal flow access for future investment activities.
Anaxago's existing platform spans securities crowdfunding for early-stage enterprises, real estate investment, private equity funds, and wealth management services, serving both institutional and individual investors. The acquisition strategically positions the combined group to offer comprehensive coverage across alternative assets—from venture capital to real estate to private credit—with investment tickets ranging from €1 million to €15 million. Leadership duo Joachim Dupont and Guillaume Dupont will oversee this expanded portfolio, creating what the company describes as a leading player in French alternative investment.
Supporting the group's expansion, Sofiouest—the investment and holding subsidiary of Sipa Ouest-France Group—has taken a strategic equity stake in Anaxago. CapHorn's existing management team will retain operational control of venture capital activities for the merged entity, preserving continuity while leveraging Anaxago's platform capabilities and capital access to accelerate growth in an increasingly competitive French venture capital environment.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.