XAnge is a leading early-stage venture capital firm based in Paris, Berlin, and Brussels, known for backing founders who build global category leaders in SaaS, deep tech, AI, fintech, healthcare, and energy transition. As the innovation brand of Siparex Group, XAnge combines two decades of operational experience with a platform designed to support entrepreneurs from seed to late Series B / early Series C. The firm has a strong record of European successes, including investments in Believe, Odoo, Lydia, Ledger, 360Learning, Skello, Aerospacelab, Greenly, and Gleamer.
XAnge focuses on early-stage founders across Europe building transformational technologies in three core verticals: AI Transformation, Deep Tech, and Sustainable Future. The firm looks for companies capable of reshaping industries and driving positive societal impact at scale.
XAnge announced the first closing of its new early-stage vehicle, XAnge 5, at €200 million in November 2025. This successor fund surpasses XAnge 4 in both size and geographic scope, positioning the firm as a pan-European leader during a period of intensified global competition in technology and AI. Backers of this first close include the European Investment Fund, Siparex Associés, Bpifrance, CNP, and multiple large institutional investors and family offices.
XAnge 5 is built around the thesis “Venture into the Future”, anchored in three strategic pillars: AI Transformation, Deep Tech, and Sustainable Future. The fund will lead early-stage rounds across Europe with initial tickets ranging from €1 million to €15 million, supporting founders from seed to early Series C.
With this vehicle, XAnge aims to expand its footprint beyond its longstanding focus on France, DACH, and Belgium, targeting promising founders across the broader European ecosystem. The raise reflects strong LP confidence in XAnge’s 20-year track record, its ability to partner with visionary founders, and its consistent performance across multiple market cycles.
Leadership
XAnge is led by CEO and Managing Partner Cyril Bertrand, alongside a seasoned investment team across Paris, Berlin, and Brussels. The leadership combines deep sector expertise with strong operational and founder-support capabilities. As part of the Siparex Group, the firm benefits from additional institutional strength and a robust platform for portfolio acceleration.
Investment Strategy
XAnge’s strategy centers on identifying European founders building technologies with global potential. The firm prioritizes sectors where Europe has distinct scientific or industrial advantages, such as AI, advanced computing, energy transition, robotics, and next-generation enterprise software. XAnge leads early rounds, engages deeply with founders through its operations platform, and supports teams as they scale toward global markets.
The strategy emphasizes long-term value creation, structured support, and a thesis-driven approach aligned with macro trends in AI transformation, sustainability, and deep technological innovation.
Notable Investments
XAnge has backed iconic European companies including:
They all represent a diverse portfolio across SaaS, fintech, deep tech, energy transition, and AI.
Notable Exits
XAnge’s track record includes multiple notable exits across its SaaS, fintech, and deep tech portfolio (e.g., Believe IPO), consolidating its role as one of Europe’s most established early-stage venture firms.
Other
XAnge places strong emphasis on sustainability and governance, holding BCorp certification since 2023.
The firm distinguishes itself with an entrepreneur-focused support platform and deep technical due diligence capabilities across AI, robotics, energy, and advanced software systems.
XAnge’s pan-European strategy positions it as a key player in shaping Europe’s role in the global tech race.
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