About BACS-Innov
BACS-Innov is a venture capital firm founded in 2018. It is primarily based out of Lyon, France. As of Jun 2022, BACS-Innov has invested in 5 companies. It primarily invests in Seed round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Industrial Goods and Manufacturing and High Tech. Most recently it led the $2.82M Seed round of Oplit along with EVOLEM. This round also saw participation from Newfund and other investors.
Overall, BACS-Innov portfolio has seen 1 acquisition, namely Hey Axel. A lot of funds co-invest with BACS-Innov, with names like Kima Ventures sharing a substantial percentage of its portfolio.
BACS-Innov has team of 6 people including 4 partners.
Key Metrics
Team Members
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Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
BACS-Innov's List of All Investments
BACS-Innov has a portfolio of 5 companies. Their most notable investments are in Oplit and Hey Axel.Their portfolio spans across France and United States. They have invested in Enterprise Applications, Industrial Goods and Manufacturing, High Tech听补苍诲 2 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by BACS-Innov:
1. Oplit
Provider of a cloud-based platform for production planning. It provides a platform for simulation planning and goal tracking. It can be integrated into the existing ERP software. It offers tools to control and manage operational performance.
Key facts about Oplit
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $2.82M
- Investors: EVOLEM, Newfund and 3 Others
- Latest Funding Round: Seed, Apr 27, 2022, $2.82M
2. Aletiq
Key facts about Aletiq
- Founded Year: 2019
- Location: Paris (France)
- Stage: Seed
- Total Funding till date: $1.58M
- Investors: Starburst, BACS-Innov and 4 Others
- Latest Funding Round: Seed, Jun 24, 2022, $1.58M
3. inVirtus
inVirtus provides geolocation and tracking solutions for fleets and containers. The trackers can be attached to pallets and vehicles. They include an outdoor GPS mode, indoor BLE mode, Bluetooth connectivity, sensors for motion, temperature and shock and resistance to extreme temperatures. The company also provides RFID tags and readers for in-house tracking of containers. The inVirtus app allows management, location and monitoring of assets. Their partners include Orange and Objenious.
Key facts about inVirtus
- Founded Year: 2018
- Location: Nantes (France)
- Stage: Seed
- Total Funding till date: $1M
- Investors: Bpifrance, Credit Agricole and 5 Others
- Latest Funding Round: Seed, Mar 16, 2020, $833K
- Highlight: Editors' Pick
Provider of predictive maintenance software for the manufacturing industry. It offers software that monitors the industrial machines and predicts when a failure is about to happen. It predicts cracks in pipes, damage in ship systems, and plastic press. Its also used in the transportation and energy industries.
Key facts about Amiral Technologies
5. Hey Axel
Employee onboarding management solution. The platform guides managers through the onboarding process steps. Utilizes AI to manage onboarding tasks and communicate with new hires. Offered on a subscription model.
Key facts about Hey Axel
- Founded Year: 2018
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $1.21M
- Investors: Techstars, BACS-Innov and 1 Other
- Latest Funding Round: Seed, Jan 27, 2021, $1.21M
- Highlight: Acquired
BACS-Innov's Year-on-Year Investment Trends
BACS-Innov has invested in 5 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Aletiq.
Year | No. of Investments | ||
|---|---|---|---|
1st听搁辞耻苍诲 | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
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BACS-Innov's Investments by Stage
BACS-Innov has made 4 investments in Seed stage with an average round size of $1.61M and 1 investment in Series A stage with an average round size of $3.26M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
BACS-Innov's Investments by Sector
BACS-Innov has a diverse portfolio, with companies operating in the Enterprise Applications, Industrial Goods and Manufacturing, Vertical SaaS, High Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 3 Saas companies and at least 3 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Industrial Goods and Manufacturing | 3 |
Vertical SaaS | 3 |
High Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 3 |
BACS-Innov's Investments by Geography
BACS-Innov has made most investments in France (4), followed by United States where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
France | 4 |
United States | 1 |
BACS-Innov's recent investments
Here are the most recent investments by BACS-Innov:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 24, 2022 | France | Seed | $1.58M | Kima Ventures [+3] | |
Apr 27, 2022 | United States | Seed | $2.82M | Newfund [+2] | |
Oct 21, 2021 | France | Series A | $3.26M | [+1] | |
Jan 27, 2021 | France | Seed | $1.21M | [+1] | |
Mar 16, 2020 | France | Seed | $833K | [+2] |
Get the detailed list of all investments by BACS-Innov. Download now!Acquired companies in BACS-Innov's Portfolio
Here are BACS-Innov's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 03, 2022 | Jan 27, 2021 | Seed | $1.21M |
Team profile of BACS-Innov
BACS-Innov has a team of 6 members听颈苍肠濒耻诲颈苍驳 4 Partners and 1 Principal聽located in France. BACS-Innov's team does not sit on the board of any company as of now.Here is a list of all team members in BACS-Innov:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Lyon | - | - | |
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Principal | Paris | - | ||
Associate | Paris | - |
Get the full list of BACS-Innov's team & partners for free. Download now!Co-investors of BACS-Innov
Over the past 5 years, 13 investors have co-invested in BACS-Innov's portfolio companies.
- Top Co-investors of BACS-Innov:听13 investors entered a company along with BACS-Innov. These include investors like Kima Ventures (2 companies).
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