Investment strategy
Pre-seed tickets (pre-revenue, pre-product) and seed tickets (up to €2.5M) in a tax-advantaged structure
Asterion funds €20M per year as lead or co-lead investors, with the ability to reinvest in the following rounds
Impact at scale:
systemic innovations with industry-wide leverage
and very high IRR potential
Excellent startup detection capacity
and access to the best deals
A unique deal flow, much of it proprietary, directly provided by our community of 1,200 scale-up founders / C-Levels
Asterion, an innovative model for early-stage funding risk mitigation
Over the past few years, GreenTech has established itself as a booming asset class, with sustainable growth including in economically challenging investment environments. What's more, France is establishing itself as its driving force in Europe.
In this dynamic ecosystem, Asterion, now recognized as one of the key players in seed funding, is positioning itself with an innovative model: it offers more protection for investors and, on average, a higher return on investment.
Two types of investment
- Financing of part of the ticket by Asterion vehicles
- And additional financing, provided via a deal-by-deal approach with selected investors
- 1 SPV per investment (an ad-hoc holding company) for a clear capitalization table
A multi-sector, multi-disciplinary approach
- Diversified investments: energy, climate adaptation, agro-ecology...
- Enhanced due diligence, thanks to our community of entrepreneurs with wide-ranging skills and of scientists, to ensure that our criteria are as relevant as possible
A unique support system for our investments
- A community of operator angels with tailored skills to help accelerate our investments
- Structured Asterion support (strategy, teams, governance, reporting...) to save several years of operation
- Personal involvement with the founders as they embark on their adventure
The SPV, or the benefits of a collective entity
Performance
This structuring has proved its worth in the US in terms of performance, for "angel syndicates" bringing together the best investors: rates of return are equal to or higher than those of the best funds.
Liquidity
Protection
As the startup's only direct shareholder, the SPV enables angels to stay on board through successive funding rounds, unlike direct individual investment, which is regularly squeezed out by Series A, B or C funds.
Governance
The SPV makes it possible to subscribe to subsequent funding rounds with existing shareholders, and possibly with new ones.
This enables us to maintain a strong voice in long-term governance.
