Skip to main content

Year Founded: 2005

AUM: $1.3B | Dry Powder: $126.9M

7-9 rue La Boétie, 75008 Paris, France

Demeter Partners is a private equity firm based in Paris, France with a keen interest in venture capital and private equity investments for the ecological transition. The firm seeks to invest in innovative startups, high-growth small and medium-sized enterprises operating in the energy, ecological transitions, and infrastructure sectors

Key Contacts

  • Stéphane Villecroze

    Managing Partner & Co-Founder

  • Sophie Paturle-Guesnerot

    Co-Founding Partner & Managing Partner

  • Corinne Roussel

    Chief Financial Officer

Investment Preferences

  • Preferred Industries

    Agriculture, Commercial Products, Consulting Services (B2B), Energy, Environmental Services (B2B), Infrastructure, Other Business Products and Services, Other Consumer Products and Services, Restaurants, Hotels and Leisure, Retail, Services (Non-Financial)

  • Geographical Preference

    France

  • Preferred Deal Types

    Buyout/LBO, Early-Stage VC, Later Stage VC, PE Growth/Expansion, Seed Round

  • Other Investment Preferences

    Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Fund for Modernization of Transport Ecology
Vintage: 2020

Size: NA

Dry Powder: NA

Details: The fund is dedicated to the ecological modernization of transportation infrastructures

Green European Tech Fund
Vintage: 2020

Size: $304.2M

Dry Powder: $64.1M

Details: The fund targets private equity, agriculture, software, energy and cleantech sectors

Demeter 4 INFRA
Vintage: 2015

Size: $57M

Dry Powder: $4.1M

Details: The fund targets energy and infrastructure industries

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In February 2023, Energie Circulaire secured €21 million of development capital from Demeter Partners. The funding was structured as equity and quasi-equity investment. Energie Circulaire provides energy services focused on the recovery of waste heat from industrial sites

In December 2022, Morfo secured €4 million of venture funding in a deal led by Demeter Partners and Raise Ventures. TeamPact Ventures, Ventech, AFI Ventures, Graffi Rathamohan, RAISE, and 5 other investors also participated in the round. The funds will be used to expand the R&D and marketing/operations sectors as well

In November 2022, Demeter, through its Climate Infrastructure Fund, acquired a majority stake in the capital of Perfesco Lighting 2, a project company subsidiary of Perfesco, for an undisclosed amount. Perfesco operates as a third-party investment platform intended for decarbonization and energy sobriety

In October 2022, ZE-Energy secured €24.7 million of venture funding from Demeter Partners, ZE Way Invest, High- Tech Gründerfonds, and other undisclosed investors. ZE-Energy is an independent producer of renewable energy that offers an innovative solution of hybrid solar power plants combining PV and storage, monitored by a leading software

In September 2022, Trapview, a global provider of digital pest monitoring, secured a €10 million Series B round, led by ECBF alongside Demeter and Pymwymic. This financing will accelerate Trapview’s commercial development in Brazil, Europe and the USA

In September 2022, Sweetch Energy secured €6 million of venture funding in a deal led by Électricité de France. Demeter Partners, Future Positive Capital, and GO Capital also participated in the round. The investment will support the large-scale deployment in France and internationally of the INOD technology developed by Sweetch Energy. Sweetch Energy is a developer of a power harvesting technology intended to exploit the difference in water salinity to generate electricity

In June 2022, Crop.Zone secured €10.3 million of Series A venture funding from Demeter Partners, Nufarm, and MADAUS Capital Partners along with other undisclosed investors. The funds will be used to open new international markets and to develop additional agronomic treatment patterns for the system. Crop.Zone is a provider of integrated weed management services intended to manage weed using multiple control tactics

In April 2022, Carlili, an operator of a car rental platform raised €24 million of Series A venture funding in the form of convertible note from Banque des Territoires and Demeter Partners

Other Details

The firm invests from €1 million to €30 million to support companies at all stages of their development: innovative start-ups, high growth SMEs and infrastructure projects. It has a track record of managing €1.2 billion with 200 investments. The company employs 37 executives. The firm operates through 7 offices located across France, Spain and Germany.

Demeter’s latest open fund Demeter 6 is an early-stage venture capital fund. The fund targets investments in the sectors of hardware, artificial intelligence-based technologies and software.

123 Investment Managers, 360 Capital Partners, A-Venture, AD Industries, Air Liquide, AGPM, BNP Paribas, Bpifrance, Braemar Energy Ventures, Emertec Gestion, Expanso Capital, EverWatt, Emertec Gestion, Intel Capital are some of the co-investors who invest alongside Demeter Partners.

Source: Pitchbook, Company Website, Press Release