NACO
Venture capital · France · Europe
NACO is a regional co-investment fund created at the initiative of the Nouvelle-Aquitaine Region. It provides equity financing to companies in Nouvelle-Aquitaine that are undertaking economic, social and ecological transformation.
Invests inAI & Machine LearningHealthcare & Biotech
In its own wordsregionalco-investmentecological transitionsmestartups
Your fit with NACO
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsNACO lists 58 checked portfolio companies on its own site and is named in 5 funding rounds. Its most frequent entry is Seed, 40% of the companies with a known first round. Its largest themes are AI & Machine Learning (25%), Healthcare & Biotech (19%) and Industrial & Manufacturing (13%). 92% of its companies are based in France. It invests most often alongside Aquiti Gestion, Demea Invest and Epopee Gestion.
Counts come from funding rounds that name NACO, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not NACO's whole history. Rounds on record name 5 companies; its own site lists 58. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 40% |
| Series A | 40% |
| Series B | 0% |
| Growth | 20% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 1 | 0 |
| '25 | 2 | 0 |
| '26 | 2 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 87th | 58 companies |
| Recent activity | 69th | 2 rounds in 12 months |
| Early stage | 66th | 40% of entries at pre-seed or seed |
| Evidence | 58th | 3% of companies confirmed by a round |
| Sector focus | 36th | 25% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 25% | 18% |
| Healthcare & Biotech | 19% | 15% |
| Industrial & Manufacturing | 13% | 7% |
| Consumer | 6% | 3% |
| Enterprise Software | 6% | 8% |
| E-commerce & Marketplaces | 5% | 6% |
| Space & Defense | 5% | 3% |
| Education | 5% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Aquiti Gestion | 13 |
| Demea Invest | 3 |
| Epopee Gestion | 3 |
| Go Capital | 2 |
| Newfund | 2 |
| Techno'Start | 2 |
| XAnge | 2 |
| AAF Management | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers58100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare NACO head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with NACO| Date | Company | Stage |
|---|---|---|
| 17 Nov 2025 | Series A | |
| 6 May 2024 | Series A |
Round details for NACO
Amounts, full round histories and every co-investor in NACO's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
58 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| ADV Propulse develops a new generation of trochoidal propulsion systems for maritime applications | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| AelisFarma develops pharmacological inhibitors with a unique mechanism of action to treat brain diseases | Healthcare & Biotech | Portfolio page | ||
| ALOGIA Groupe develops predictive technologies and prevention services for senior strategies | Healthcare & Biotech | Portfolio page | ||
| Amedia Solutions provides IT services and operates as a telecom operator. | Industrial & ManufacturingHealthcare & Biotech | Portfolio page | ||
| Api operates self-service supermarkets in villages with 700 everyday products at supermarket prices. | Consumer | Portfolio page | ||
| Bloom Lasers manufactures high power pulsed lasers for the micro-processing industry | Industrial & Manufacturing | Portfolio page | ||
| The company provides valet parking services at airports and train stations. | Mobility & Logistics | Portfolio page | ||
| Carbon Waters produces advanced materials based on graphene and designs performance additives | Industrial & Manufacturing | Portfolio page | ||
| The company develops innovative strains, scalable processes, and photobioreactor technology to power sustainable industries | AI & Machine LearningHealthcare & Biotech | Portfolio page | ||
| CERTIS THERAPEUTICS has developed minimally invasive therapy solutions based on real-time MRI guidance. | Healthcare & Biotech | Portfolio page | ||
| Comeen provides a platform for managing various aspects of the workplace environment, including digital signage, employee attendance, desk booking, and meeting room management. | Enterprise SoftwareAI & Machine Learning | Portfolio page | ||
| Curlim develops a breakthrough therapy for Charcot-Marie-Tooth disease type 1A, a hereditary peripheral neuropathy | Healthcare & Biotech | Portfolio page | ||
| Cyclair develops autonomous weeding robots using artificial intelligence and mechanical tools to replace chemical herbicides and promote sustainable agriculture. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| The company specializes in various applications of painting, interior and exterior, and provides services such as thermal insulation, facade renovation, and waterproofing of balconies. | Real Estate & Construction | Portfolio page | ||
| Dronisos creates drone light shows for theme parks and events | Enterprise SoftwareEnterprise Software | Portfolio page | ||
| The company collects, washes, and resells used glass bottles to help businesses transition to a more sustainable model. | Climate & Energy | Portfolio page | ||
| Elicit Plant develops solutions to help crop growers mitigate the effects of climate change and water scarcity on field crops. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Elixir Aircraft builds light aircraft | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Enervivo accompanies projects of renewable energies in photovoltaic, agrivoltaism and methanization. | EducationIndustrial & Manufacturing | Portfolio page | ||
| The company provides energy renovation solutions, including solar panels, heat pumps, and insulation, to households. | EducationReal Estate & Construction | Portfolio page |
About this data
site last read 8 Nov 2026- Site
- naco-invest.fr
- Last read
- 8 Nov 2026
- Watching since
- 7 Nov 2026
- Rounds since
- 6 May 2024
- Companies checked
- 58
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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