# Business Angles

> Business Angles is a VC fund backing Software, Hardware and Internet. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: May 2023
- Lead investor: 0%
- Last updated: Aug 2026

Business Angles is a VC fund focused on Software and Hardware. Business Angles

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 100% |
| Hardware | 1 | 50% |
| Internet | 1 | 50% |
| PropTech | 1 | 50% |
| E-Commerce | 1 | 50% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 1 | 50% |
| Series A | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 1 | 50% |
| Germany | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Effinigo | Effinigo provides IoT-based retrofitting solutions for older buildings, specializing in demand-based control of lighting, heating, and energy monitoring. Our solutions offer a simple, cost-effective way to boost energy efficiency and lower carbon emissions. | $109.7K | Angel | May 01, 2023 |  |
| AntVoice | AntVoice is an European company that provides a personalized UX for each kind of business and for each channel through its multi object graph-based artificial intelligence. AntVoice’s solution is in the market since 2014. Inspired from Facebook’s social graph, the multi object graph-based technology of AntVoice creates unique and holistic userprofile which can be used for any kind of marketing operations, whether for brands, e-merchants or medias. AntVoice generates any kind of recommendations for web users in different countries on any channels. With this unique-in-Europe multi object approach combined with a powerful machine learning algorithm, AntVoice has been able to persuade many e-commerce and media actors to adopt its solution in order to boost KPIs and to further increase the experience of audiences on every touch points as Amazon, Netflix or Facebook would have been able to do.AntVoice works collaboratively with both medias, e-merchants, and online classifieds actors. This technology and the company have been rewarded many times, ranked among the EBG TOP 10 startups in June 2015 , CRM winner of the E-Commerce Awards at the E-Commerce Paris last September, and finalist of the IE Club “Global Innovation” contest a few weeks ago.The company was established on 2011 and is headquartered in Paris, France. | $2.2M | Series A | Mar 21, 2018 |  |

2 of 2 investments shown.

## Co-investors
- [CapHorn Invest](https://shizune.co/investors/profile/caphorn-invest) — VC Fund, 1 deal together

## Similar investors

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### Similar stage
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### Similar country
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## Featured in investor lists
- [Digital Media Investors in France](https://shizune.co/investors/digital-media-investors-france)
- [Digital Media VC Funds in France](https://shizune.co/investors/digital-media-vc-funds-france)

## FAQ

### What does Business Angles invest in?

Business Angles invests primarily in Software, Hardware and Internet startups, most often at Angel and Series A stage. Most of the 2 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Business Angles last invest?

The most recent investment recorded for Business Angles closed in May 2023. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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