First Inno (Co-Equity)
Invest directly in the capital of companies that are shaping a sustainable future.
Investment ticket
100-500K€
Duration
5 to 7 years old
Risk profile
Pupil
Expected yield
15-25% annual (TRI)
Sector
Sustainable innovation and positive impact
- Welcome
- Investment and Financing
- First Inno
The investment opportunity
Investing in innovation with a positive impact
The First Inno 1 (Co-Equity) fund offers investors the opportunity to participate directly in the capital of innovative companies that actively contribute to the 17 United Nations Sustainable Development Goals (SDGs). This impact investing approach combines the pursuit of financial performance with a positive contribution to major societal and environmental challenges.
Our strategy focuses exclusively on co-investment: we never invest alone but always alongside other professional investors. This collaborative approach allows us to pool expertise, share risks, and benefit from networking opportunities to maximize our chances of success.
Investment mechanism
For the investor
- Direct equity investment through capital increase
- Systematic co-investment with other professional funds
- Medium- to long-term investment horizon (5-7 years) to support growth
- Participation in strategic decisions according to the level of investment
Profile of targeted companies
- Robust technologies that address at least one priority SDG
- Significant job creation potential in Europe
- Proven commercial traction and ability to scale up
- Experienced management team and structured governance
Project selection criteria
Business eligibility
We invest exclusively in innovative companies that have already passed the seed stage and demonstrate concrete commercial traction. Applicants must have completed at least one previous equity funding round, demonstrating that their business model has been validated by other professional investors.
The company must possess robust and proven technology that significantly contributes to at least one of the 17 Sustainable Development Goals established by the United Nations. This contribution to positive impact is a fundamental and non-negotiable criterion in our selection process.
The ability to expand at least on a European scale is essential, as is the potential to create skilled jobs within Europe. We favor companies demonstrating a proven capacity to scale up and presenting realistic exit prospects in the medium term.
thorough due diligence
Our evaluation process thoroughly analyzes the technological robustness and disruptive innovation brought by the company. We validate the measurability of the positive impact on the targeted SDGs through rigorous quantitative and qualitative indicators.
The evaluation of the management team is a central pillar of our analysis: we examine entrepreneurial experience, the complementarity of skills, and demonstrated execution capabilities. The quality of governance and the shareholder structure also receive particular attention.
We analyze competitive positioning, addressable market size, and barriers to entry that will protect future growth. Studying potential synergies with our existing portfolio and European network helps identify opportunities for acceleration.
Investment structure and governance
Participation guidelines
- Capital increase : minority stake acquisition
- Shareholders' Agreement : protection of governance interests and rights
- Exit strategy : liquidity clauses and tag-along/drag-along mechanisms
- Diversification : possibility of investing in several deals to diversify the risks
Post-investment support
- Observer seat or participation in the board depending on the amount invested
- Quarterly reporting detailed operational and financial performance
- Access to public funding : support to maximize non-dilutive levers
- European Network : connecting with potential clients, partners and co-investors
Looking to invest in companies with a positive impact while aiming for attractive returns? Discover our pipeline of rigorously selected co-equity opportunities.
Why choose 
for your Co-Equity investments?
Our unique expertise combines cutting-edge technology assessment, in-depth knowledge of European funding, and an extensive network of professional investors..
Ultra-rigorous selection
Fewer than 3% of the analyzed projects gain access to our portfolio
Our dual role as experts from the European Commission and professional investors allows us to assess technological soundness and market potential with unparalleled precision. We only present the most promising opportunities to our co-investors.
Secure co-investment
Never alone: systematic investment alongside other funds
Our co-investment strategy with recognized professional funds pools expertise and shares risks. This collaborative approach ensures balanced valuations and significantly increases the chances of success.
Measurable impact
Investing in innovation that really matters
Each company in the portfolio actively contributes to at least one Sustainable Development Goal with measurable impact indicators. You invest in concrete solutions to the major challenges of our time while aiming for attractive returns.
Public leverage
Maximizing additional non-dilutive financing
Our recognized expertise in European funding (Horizon Europe, Innovation Fund, EIB) allows obtaining additional public funding which accelerates growth without further dilution, thus optimizing the return on investment.
Investment process
1
Qualification and alignment
- Assessment of your impact and financial return objectives
- Presentation of our investment thesis and priority sectors
- Validation of your investor profile and equity risk appetite
2
Deal flow and selection
- Access to our pipeline of pre-qualified opportunities
- Participation in collaborative due diligence sessions
- Meeting with the management teams of the target companies
3
Investment and support
- Co-construction of the support strategy
- Participation in governance bodies
- Regular reporting and preparation for subsequent rounds or exits
Contact
Your Gateway to Innovation
We are always happy to engage with private investors looking to diversify their portfolios with investment opportunities in European innovation. Contact us to discover current opportunities.