# NACO

> NACO is a VC fund backing Men's, Shoes and Retail. See 2 investments, round sizes, portfolio. Updated Aug 2026.

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

NACO is a VC fund focused on Men's and Shoes. NACO

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Men's | 1 | 50% |
| Shoes | 1 | 50% |
| Retail | 1 | 50% |
| Fashion | 1 | 50% |
| Women's | 1 | 50% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Venture - Series Unknown | 1 | 50% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Asphalte | Asphalt is a clothing brand for men. | $5.4M | Seed | Mar 22, 2023 |  |
| Aelis Farma | Aelis Farma is a pioneer in the development of signaling specific therapeutics that target GPCRs (and more specifically the CB1 receptor which is one of the most expressed GPCRs in the brain). GPCRs are the target of most therapeutic drugs. This family of receptors has the characteristics to activate several and often opposing signaling pathways.Unfortunately, most of the drugs acting on GPCRs either block or stimulate the entire signaling activity of the receptor resulting in unwanted and sometimes unacceptable side effects. | $12.2M | Venture - Series Unknown | Dec 13, 2019 |  |

2 of 2 investments shown.

## Co-investors
- [Aelis Innovation](https://shizune.co/investors/profile/aelis-innovation) — VC Fund, 1 deal together
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 1 deal together
- [fonds régionaux ACI](https://shizune.co/investors/profile/fonds-r%C3%A9gionaux-aci) — VC Fund, 1 deal together
- [Inserm Transfert Initiative](https://shizune.co/investors/profile/inserm-transfert-initiative) — VC Fund, 1 deal together
- [Kostogri](https://shizune.co/investors/profile/kostogri) — VC Fund, 1 deal together
- [M Capital Partners](https://shizune.co/investors/profile/m-capital-partners) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Forerunner](https://shizune.co/investors/profile/forerunner-ventures) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [Kima Ventures](https://shizune.co/investors/profile/kima-ventures) — VC Fund
- [Motier Ventures](https://shizune.co/investors/profile/motier-ventures) — VC Fund

## Featured in investor lists
- [Fashion VC Funds in France](https://shizune.co/investors/fashion-vc-funds-france)

## FAQ

### What does NACO invest in?

NACO invests primarily in Men's, Shoes and Retail startups, most often at Seed and Venture - Series Unknown 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 NACO last invest?

The most recent investment recorded for NACO closed in Mar 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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