# PAI Partners

> PAI Partners is a VC fund in Paris backing Software and Manufacturing. See 10 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Paris, France
- Total investments: 10
- Last investment: Jun 2023
- Lead investor: 40%
- Last fund: Nov 2023
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/pai-partners
- X (Twitter): https://www.twitter.com/paipartners
- Website: http://paipartners.com

PAI Partners is a private equity firm that prefers to make investments in companies operating in the business services, food & consumer, general industrial, healthcare, retail, and distribution sectors.

## Contacts

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

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 20% |
| Manufacturing | 2 | 20% |
| Customer Service | 2 | 20% |
| Food and Beverage | 2 | 20% |
| Business Development | 2 | 20% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 5 | 50% |
| Funding Round | 2 | 20% |
| Secondary Market | 2 | 20% |
| Series C | 1 | 10% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 3 | 30% |
| Spain | 2 | 20% |
| United Kingdom | 2 | 20% |
| Argentina | 1 | 10% |
| Hong Kong | 1 | 10% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Frederic Stevenin | Partner and CIO | 1 | https://shizune.co/investors/profile/frederic-stevenin |
| Christopher Afors | Principal | 0 | https://shizune.co/investors/profile/christopher-afors |
| Guillaume Leblanc | Principal | 0 | https://shizune.co/investors/profile/guillaume-leblanc-fa57 |
| Ivan Massonnat | Partner | 1 | https://shizune.co/investors/profile/ivan-massonnat |
| Julie Gautier | Principal | 0 | https://shizune.co/investors/profile/julie-gautier |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Azets | Cogital Group is a pan-European provider of regulatory-driven services to SMEs. Core services include accountancy, payroll and taxation. |  | Secondary Market | Jun 19, 2023 |  |
| Uvesco | Uvesco is a consumer and food distribution company. They create a company built on and local produce, a diverse selection, and customized customer care. They provide natural, local food products at reasonable prices. They offer food products that provide clients with natural, local food products. They develop fresh and local produce, a wideassortment, and specialized customer service. | $10M |  | Apr 08, 2022 |  |
| Konecta | Konecta Corporativa is a provider of Outsourced Contact Centres and Business Process Outsourcing services in Spain with a relevant footprint in Latin America. |  | Private Equity | Oct 02, 2015 |  |
| Labeyrie Fine Foods | Labeyrie Fine Foods sells products in several segments such as smoked salmon & fish, prawns and shellfish, foie gras, spreadables and blinis. |  | Private Equity | Jul 19, 2014 |  |
| The Nuance Group | As a leading travel retailer, Nuance operates over 350 outlets spanning 67 locations in 20 countries and territories across the globe. In addition to an extensive portfolio of duty and tax-free stores, brand boutiques and concept stores, the Group also provides in-flight services and operates a wholesale and distribution business, supporting thetravel retail sector. Headquartered in Zurich, Nuance employs more than 6'100 people worldwide. | $116.3M | Private Equity | Oct 29, 2010 |  |
| Altitude Software | Altitude Software is a global provider of omnichannel software solutions for contact centers and departments interacting with customers | $27.5M | Series C | May 12, 2000 |  |
| Asia Online Limited | Asia Online, Ltd. is a finance and holding company launched in late 1998 to build a pan-Asia Pacific network of Internet companies. The Company is dedicated to the facilitation of reliable communications for the development of Asian business and culture, worldwide.Asia Online offers a variety of Internet-related services including dial-upInternet access, leased lines, ISDN, roaming, Web development and hosting services, advertising and e-commerce capabilities. Through its technology partnerships, Asia Online plans to offer Internet-based communications solutions including voice-over-IP, Internet fax, and Web-based Intranets/Extranets to domestic and international customers.The company has taken a leading role as an applications service provider (ASP) targeting the broad range of small to medium sized enterprises (SME's), with focus on niche and vertical markets.Asia Online is credited with a number of Internet industry firsts. These milestones include being the first ISP to establish direct links to other Asian countries, the first to set up its own facility in the U.S. to better distribute Asian content to an American audience, and the first company in the world to license RealAudio for the Internet.The Company’s investors include SOFTBANK Technology Ventures, J.P. Morgan International Capital, Pequot Capital Management, Nexus Capital Partners, GE Capital Finance, Interliant and Concentric Network. | $100M | Private Equity | Mar 31, 2000 |  |
| Infovista | InfoVista provides a unified platform for network performance management, application performance management and SLA management that empowers service providers and enterprise IT organizations to holistically and cost-effectively monitor and ensure availability and quality of service on the infrastructure, services and applications they deliver. | $10M |  | Jan 06, 2000 |  |
| Frans Bonhomme | Frans Bonhomme is a distributor of plastic pipes and fittings. |  | Private Equity | Jan 02, 2000 |  |
| Froneri | Froneri is a Worldwide recognised ice cream manufacturer. | $4.2B | Secondary Market |  |  |

10 of 10 investments shown.

## Co-investors
- [ABN AMRO Fund](https://shizune.co/investors/profile/abn-amro) — VC Fund, 1 deal together
- [Abu Dhabi Investment Authority](https://shizune.co/investors/profile/abu-dhabi-investment-authority) — VC Fund, 1 deal together
- [Astorg](https://shizune.co/investors/profile/astorg-partners) — VC Fund, 1 deal together
- [CIBC](https://shizune.co/investors/profile/canadian-imperial-bank-of-commerce) — VC Fund, 1 deal together
- [Cinven](https://shizune.co/investors/profile/cinven) — VC Fund, 1 deal together
- [Concentric Network Corporation](https://shizune.co/investors/profile/concentric-network-corporation) — VC Fund, 1 deal together

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## Featured in investor lists
- [Enterprise Software Investors in France](https://shizune.co/investors/enterprise-software-investors-france)

## FAQ

### What does PAI Partners invest in?

PAI Partners invests primarily in Software, Manufacturing and Customer Service startups, most often at Private Equity and Funding Round stage. Most of the 10 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact PAI Partners?

Public channels for PAI 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 PAI Partners?

The team at PAI Partners includes Frederic Stevenin (Partner and CIO), Christopher Afors (Principal) and Guillaume Leblanc (Principal), 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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