# M Capital Partners

> M Capital Partners is a VC fund in Toulouse backing Health Care and Software. See 113 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Toulouse, France
- Total investments: 113
- Last investment: Jul 2026
- Lead investor: 56%
- Last fund: May 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/midi-capital/
- X (Twitter): https://twitter.com/MCapitalPartner
- Website: http://www.mcapital.fr
- Facebook: https://www.facebook.com/MCapitalPartners/

M Capital Partners is a VC fund in Toulouse focused on Health Care and Software. M Capital is an independent investment company with +€500m AuM. A unique hub where entrepreneurs can have an equity finance and quasi-equity as well as a permanent support to accelerate their growth. In 2020, M Capital has funded over 200 French companies.

## Contacts

5 contacts available for M Capital Partners. Shizune tracks 10 team members at M Capital Partners. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/m-capital-partners?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.1M–$5.4M |
| Series A | $3.3M–$6.8M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 17 | 15% |
| Software | 13 | 12% |
| Food and Beverage | 12 | 11% |
| Manufacturing | 11 | 10% |
| Restaurants | 10 | 9% |

145 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 52 | 46% |
| Seed | 29 | 26% |
| Series A | 15 | 13% |
| Series B | 4 | 4% |
| Venture - Series Unknown | 4 | 4% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 89 | 79% |
| United States | 6 | 5% |
| Canada | 1 | 1% |
| Singapore | 1 | 1% |
| South Korea | 1 | 1% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Clarisse Mainfroy | Lawyer | 0 | https://shizune.co/investors/profile/clarisse-mainfroy |
| Damien Delvaux | Manager | 0 | https://shizune.co/investors/profile/damien-delvaux |
| Gael Dubosq | Manager | 0 | https://shizune.co/investors/profile/gael-dubosq |
| Gael Dubosq | Manager | 0 | https://shizune.co/investors/profile/gael-dubosq-ca67 |
| Hortense Mellinger | In Charge of Marketing and Communication | 0 | https://shizune.co/investors/profile/hortense-mellinger |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ascendance | Founded in 2018 by four ex-Airbus engineers: Jean-Christophe Lambert, Thibault Baldivia, Clément Dinel and Benoît Ferran, Ascendance is an industrial start-up with a mission to decarbonise aviation. Based in the heart of Toulouse, the European capital of aviation, it has developed and markets two products: an innovative hybrid-electric propulsionsystem ‘Sterna’, and a hybrid-electic vertical take-off and landing (VTOL) aircraft powered by Sterna technology, ‘Atea’. | $15.9M | Series B | Jul 27, 2026 |  |
| Haiku | Haiku is revolutionizing legal practice by placing artificial intelligence and data at the service of law.
The company's objective is to free lawyers from tedious research and writing tasks to assist them in all of their work and thus increase their productivity while preserving their expertise. | $3.4M | Seed | Jun 24, 2026 |  |
| The Sanctuary Group | The Sanctuary Group provides aqua-cycling, indoor cycling, boxing bootcamp, yoga, dance cardio, HIIT workouts, and kids’ swim classes. | $5.5M | Venture - Series Unknown | Jan 12, 2026 |  |
| MilkStraw AI | Saving companies up to 75% on AWS | $2M | Seed | Jan 06, 2026 |  |
| Demether | Demether is a DeFi protocol that works to enable zero-cost access to TVL for blockchains. |  | Angel | Jul 08, 2024 |  |
| Hakbah | Hakbah is a Fintech startup focusing on an alternative financial saving. Hakbah is modernizing financial saving via its intelligent platform by offering a comprehensive one-stop-shop solution for Savings Groups to initiate, manage, join, and pay directly within the mobile app. | $5.2M | Series A | Dec 20, 2023 |  |
| Fasst | Fasst is involved in the creation, distribution, consulting, and connection of unique digital insurance solutions for brokers and insurers. | $5.7M | Venture - Series Unknown | Dec 12, 2023 |  |
| X-Pressure | X-Pressure is a medical device to measure cerebrospinal fluid pressure to better diagnose brain diseases. | $4.9M | Seed | Jun 30, 2023 |  |
| Lynxter | Lynxter is a 3D machine manufacturing firm that develops standard and customized models. | $4.4M | Series A | May 02, 2023 |  |
| Ascendance | Founded in 2018 by four ex-Airbus engineers: Jean-Christophe Lambert, Thibault Baldivia, Clément Dinel and Benoît Ferran, Ascendance is an industrial start-up with a mission to decarbonise aviation. Based in the heart of Toulouse, the European capital of aviation, it has developed and markets two products: an innovative hybrid-electric propulsionsystem ‘Sterna’, and a hybrid-electic vertical take-off and landing (VTOL) aircraft powered by Sterna technology, ‘Atea’. | $22.8M | Venture - Series Unknown | Mar 28, 2023 |  |

10 of 113 investments shown.

## Co-investors
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 7 deals together
- [IRDI](https://shizune.co/investors/profile/irdi-midi-pyrenees) — VC Fund, 7 deals together
- [Celeste Management](https://shizune.co/investors/profile/celeste-management) — VC Fund, 4 deals together
- [IRDI SORIDEC Gestion](https://shizune.co/investors/profile/irdi-soridec-gestion) — VC Fund, 4 deals together
- [Galia Gestion](https://shizune.co/investors/profile/galia-gestion) — VC Fund, 3 deals together
- [Habert Dassault Finance](https://shizune.co/investors/profile/habert-dassault-finance) — VC Fund, 3 deals together

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## FAQ

### What does M Capital Partners invest in?

M Capital Partners invests primarily in Health Care, Software and Food and Beverage startups, most often at Funding Round and Seed stage. Most of the 113 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is M Capital Partners's check size?

M Capital Partners typically joins rounds of $1.1M–$5.4M at Seed and $3.3M–$6.8M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds M Capital Partners participates in.

### How do I contact M Capital Partners?

Public channels for M Capital Partners include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at M Capital Partners?

The team at M Capital Partners includes Clarisse Mainfroy (Lawyer), Damien Delvaux (Manager) and Gael Dubosq (Manager), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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