# NCI Waterstart

> NCI Waterstart is a VC fund in Rouen backing Information Technology and Computer. See 15 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Rouen, France
- Total investments: 15
- Last investment: Jan 2024
- Lead investor: 27%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/nci-normandie-capital-investissement/
- X (Twitter): https://twitter.com/NCI_invest
- Website: https://www.n-ci.com/waterstartcapital/

NCI Waterstart is a 40M€ Accelerator Fund and investment Firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 3 | 20% |
| Computer | 2 | 13% |
| Internet | 2 | 13% |
| Software | 2 | 13% |
| Analytics | 2 | 13% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 27% |
| Series A | 3 | 20% |
| Series B | 3 | 20% |
| Venture - Series Unknown | 2 | 13% |
| Pre-Seed | 1 | 7% |

6 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Scalinx | Scalinx operates as a fabless semiconductor company specialized in the design and supply of Signal Conversion ASIC and ASSP for Test & Measurement, MilAero, and Communications markets. Scalinx designs its components at three sites - Paris, it's head office, Caen (Calvados), and Grenoble (Isère) - then industrializes them in Caen with 20employees, before entrusting them their production to a network of subcontractors. Scalinx does not communicate its turnover, nor the amount of support from France Relance, confidential | $37.3M | Series B | Jan 10, 2024 |  |
| Hosman | They publish your property on more than 35 professional sites. | $3.9M | Venture - Series Unknown | Apr 24, 2023 |  |
| Exotrail | Exotrail develops electric propulsion solutions for small satellites.Their safe and efficient Hall Effect Thrusters are helping build agile constellations to revolutionize telecommunication, earth observation, space, and science.David Henri, Jean-Luc Maria, Paul Lascombes, and Nicolas Heitz co-founded the company in Palaiseau, Ile-de-France in2015. | $58M | Series B | Feb 07, 2023 |  |
| Buildrz | Buildrz is a breaks the codes of real estate development and urbanism through data and collaborative work.They construction and town planning projects in the web! Access data, collaborate online and share your projects in 3D. | $4.2M |  | May 23, 2022 |  |
| Buildrz | Buildrz is a breaks the codes of real estate development and urbanism through data and collaborative work.They construction and town planning projects in the web! Access data, collaborate online and share your projects in 3D. | $4.1M | Seed | May 23, 2022 |  |
| SENCROP | Sencrop is an ag-tech startup that offers an in-field data-based platform to empower farmers to make better decisions in their daily agricultural activities. Sencrop designs and sells connected weather forecast solutions for farmers to measure rain, hygrometry, and wind speed. The sensors are cheap, robust, movable, and easy to use, making moreefficient and sustainable farming possible | $18M | Series B | May 10, 2022 |  |
| Hosman | They publish your property on more than 35 professional sites. | $7.3M | Venture - Series Unknown | May 21, 2021 |  |
| Upciti | Upciti provider of precise, localized and real-time data for smart cities and smart retailers. we produce and make available data at the service of man to make cities smarter and more pleasant to live for all on a daily basis. | $4.4M | Venture - Series Unknown | May 05, 2021 |  |
| Scalinx | Scalinx operates as a fabless semiconductor company specialized in the design and supply of Signal Conversion ASIC and ASSP for Test & Measurement, MilAero, and Communications markets. Scalinx designs its components at three sites - Paris, it's head office, Caen (Calvados), and Grenoble (Isère) - then industrializes them in Caen with 20employees, before entrusting them their production to a network of subcontractors. Scalinx does not communicate its turnover, nor the amount of support from France Relance, confidential | $10.5M | Series A | Feb 03, 2021 |  |
| Exotrail | Exotrail develops electric propulsion solutions for small satellites.Their safe and efficient Hall Effect Thrusters are helping build agile constellations to revolutionize telecommunication, earth observation, space, and science.David Henri, Jean-Luc Maria, Paul Lascombes, and Nicolas Heitz co-founded the company in Palaiseau, Ile-de-France in2015. | $13M | Series A | Jul 16, 2020 |  |

10 of 15 investments shown.

## Co-investors
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 7 deals together
- [Innovacom](https://shizune.co/investors/profile/innovacom) — VC Fund, 3 deals together
- [Angels Santé](https://shizune.co/investors/profile/angels-sant) — VC Fund, 2 deals together
- [BNP Paribas Développement](https://shizune.co/investors/profile/bnp-paribas-developpement) — VC Fund, 2 deals together
- [Demeter](https://shizune.co/investors/profile/demeter-1e8a) — VC Fund, 2 deals together
- [Eurazeo](https://shizune.co/investors/profile/eurazeo-com) — VC Fund, 2 deals together

## Similar investors

### 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

## FAQ

### What does NCI Waterstart invest in?

NCI Waterstart invests primarily in Information Technology, Computer and Internet startups, most often at Seed and Series A stage. Most of the 15 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did NCI Waterstart last invest?

The most recent investment recorded for NCI Waterstart closed in Jan 2024. Shizune tracks 15 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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