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NACO

Europe, Aquitaine, France, Bordeaux

Description

NACO is a co-investment fund for start-ups and small and medium-sized businesses, backed by Région Nouvelle-Aquitaine, managed by M/Capital.

Investor Profile

NACO has backed more than 18 startups, with 3 new investments in the last 12 months alone. The firm has led 1 rounds, about 6% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in France.
  • Strong thematic focus on Health Care, Information Technology, Manufacturing.

Stage Focus

  • Seed (50%)
  • Series Unknown (22%)
  • Series A (17%)
  • Convertible Note (6%)
  • Series B (6%)

Country Focus

  • France (100%)

Industry Focus

  • Health Care
  • Information Technology
  • Manufacturing
  • Medical Device
  • Mobile Apps
  • Software
  • Transportation
  • Aerospace
  • Space Travel
  • 3d Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does NACO frequently co-invest with?

Omnes Capital
Europe, Ile-de-France, France, Paris
Co-Investments: 1
Daphni
Europe, Ile-de-France, France, Paris
Co-Investments: 1
Team for the Planet
Europe, Rhone-Alpes, France, Lyon
Co-Investments: 1
Epopée Gestion
Europe, Bretagne, France, Guipavas
Co-Investments: 3
AQUITI Gestion
Europe, Aquitaine, France, Bordeaux
Co-Investments: 2
UI Investissement
Europe, Ile-de-France, France, Paris
Co-Investments: 2
IRDI SORIDEC Gestion
Europe, Midi-Pyrenees, France, Toulouse
Co-Investments: 3
LB
Europe, Ile-de-France, France, Paris
Co-Investments: 2
BNP Paribas Développement
Europe, Ile-de-France, France, Paris
Co-Investments: 2
M Capital Partners
Europe, Midi-Pyrenees, France, Toulouse
Co-Investments: 2

Which angels does NACO often collaborate with?

SP
North America, Ohio, United States, Delaware
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by NACO?

Praysbee

Bordeaux, Aquitaine, France

Praysbee is a French agri-tech startup that develops innovative, environmentally friendly spraying systems for vineyards.

AgricultureAgTechConsulting
SeedJul 25, 2025
Amount Raised: $3,523,952
DESKi

Bordeaux, Aquitaine, France

DESKi a healthtech firm developing AI-powered diagnostic tools in conjunction with physicians and researchers.

Artificial Intelligence (AI)Health CareMachine LearningMedical Device
SeedJun 18, 2025
Amount Raised: $6,000,000
Nova Carbon

Bordeaux, Aquitaine, France

Nova Carbon's mission is to develop a range of high performance semi-finished products made from recycled carbon fiber.

Manufacturing
SeedFeb 14, 2025
Amount Raised: $1,070,642
Pony

Angers, Pays de la Loire, France

Pony is the first shared micro-mobility scheme to decentralise ownership of its vehicles.

Internet of ThingsLast Mile TransportationMobile AppsRide SharingSharing EconomyTransportation
Series BSep 18, 2024
Amount Raised: $14,448,233
inHEART

Pessac, Aquitaine, France

inHEART provides cloud-based medical image analysis solutions for cardiac interventions on patients with arrhythmias.

3D TechnologyBiotechnologyMedical Device
Series AMay 6, 2024
Amount Raised: $11,000,000
Touch Sensity

Mérignac, Aquitaine, France

Touch Sensity is an information technology company that specializes in the fields of IoT and sensors.

Information TechnologyInternet of ThingsSoftware
SeedMay 3, 2024
Amount Raised: $1,884,456
RebrAIn

Pessac, Aquitaine, France

RebrAIn provides a targeted technology for planning neurosurgical procedures.

HospitalLife ScienceNeuroscience
SeedMar 18, 2024
Amount Raised: $4,023,156
GEEV

Bordeaux, Aquitaine, France

GEEV is a collaborative mobile app that allows its members to donate unused stuff or surplus food, and others to get them for free!

CommunitiesInternetMobile AppsSoftware
Series UnknownFeb 9, 2024
Amount Raised: $4,853,060
ALOGIA Groupe

Bordeaux, Aquitaine, France

ALOGIA Groupe offers preventive health responses to senior people at home through care management and innovative services.

Health CareHome Health CareRecruiting
Series UnknownJan 15, 2024
Amount Raised: $7,114,228
HUVY

Nantes, Pays de la Loire, France

HUVY is a medtech startup that uses artificial intelligence to diagnose skin malignancies.

Artificial Intelligence (AI)Health CareMedical
SeedDec 14, 2023
Amount Raised: $1,209,268