# White Loop Capital

> White Loop Capital is a VC fund in Lyon backing Software and Blockchain. See 22 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Lyon, France
- Total investments: 22
- Last investment: Dec 2024
- Lead investor: 32%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/white-loop-capital
- X (Twitter): https://twitter.com/whiteloopcap
- Website: https://whiteloop.capital

White Loop Capital is a VC fund in Lyon focused on Software and Blockchain. First private investment fund specialized in crypto-assets in France. Accompanying those who dare.

## Contacts

5 contacts available for White Loop Capital. Shizune tracks 3 team members at White Loop Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/white-loop-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$1M |
| Pre-Seed | $1.2M–$1.2M |
| Series A | $10M–$27M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 14% |
| Blockchain | 3 | 14% |
| Cryptocurrency | 3 | 14% |
| Financial Services | 2 | 9% |
| Information Technology | 2 | 9% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 14% |
| Series A | 2 | 9% |
| Pre-Seed | 1 | 5% |
| Series C | 1 | 5% |
| Funding Round | 1 | 5% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 2 | 9% |
| Canada | 1 | 5% |
| Switzerland | 1 | 5% |
| United States | 1 | 5% |
| Cayman Islands | 1 | 5% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Hugo Panczak | Managing Partner & CEO | 8 | https://shizune.co/investors/profile/hugo-panczak |
| Noé Giglio | Managing Partner & Head of Business Development | 8 | https://shizune.co/investors/profile/no%C3%A9-giglio |
| Xavier Jeanmonod | Managing Partner & Global Head of Analysis | 5 | https://shizune.co/investors/profile/xavier-j |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Usual | Usual Labs operates as a decentralized finance(DeFi) protocol. | $10M | Series A | Dec 23, 2024 |  |
| Usual | Usual Labs operates as a decentralized finance(DeFi) protocol. | $10M | Series A | Dec 23, 2024 |  |
| LayerZero Labs | LayerZero Labs is a blockchain messaging protocol developer that allows decentralized applications build across multiple blockchains. The company is a User Application (UA) configurable on-chain endpoint that runs a ULN. | $2.5M | Venture - Series Unknown | Apr 01, 2024 |  |
| LayerZero Labs | LayerZero Labs is a blockchain messaging protocol developer that allows decentralized applications build across multiple blockchains. The company is a User Application (UA) configurable on-chain endpoint that runs a ULN. | $2.5M | Venture - Series Unknown | Apr 01, 2024 |  |
| ether.fi | EtherFi is a non-custodial decentralized ETH staking method that distributes staking to node operators in exchange for rewards. | $27M | Series A | Feb 28, 2024 |  |
| ether.fi | EtherFi is a non-custodial decentralized ETH staking method that distributes staking to node operators in exchange for rewards. | $27M | Series A | Feb 28, 2024 |  |
| Ledger | Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology.Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active in the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain-based assets.Ledger is headquartered in Paris, has a production facility in Vierzon (France), and offices in San Francisco. | $109M | Series C | Mar 30, 2023 |  |
| Ledger | Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology.Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active in the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain-based assets.Ledger is headquartered in Paris, has a production facility in Vierzon (France), and offices in San Francisco. | $109M | Series C | Mar 30, 2023 |  |
| Ledger | Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology.Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active in the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain-based assets.Ledger is headquartered in Paris, has a production facility in Vierzon (France), and offices in San Francisco. | $109M | Series C | Mar 30, 2023 |  |
| Ondefy | Simplifying on-chain token accessibility and DeFi for retail users | $1M |  | Jan 04, 2023 |  |

10 of 22 investments shown.

## Co-investors
- [Korelya Capital](https://shizune.co/investors/profile/korelya-capital) — VC Fund, 9 deals together
- [Cathay Innovation](https://shizune.co/investors/profile/cathay-innovation-fund) — VC Fund, 6 deals together
- [Molten Ventures](https://shizune.co/investors/profile/draper-esprit) — VC Fund, 6 deals together
- [AngelDAO](https://shizune.co/investors/profile/angeldao) — VC Fund, 4 deals together
- [OKX Ventures](https://shizune.co/investors/profile/block-dream-fund) — VC Fund, 4 deals together
- [Caballeros Capital](https://shizune.co/investors/profile/caballeros-capital) — VC Fund, 4 deals together

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## FAQ

### What does White Loop Capital invest in?

White Loop Capital invests primarily in Software, Blockchain and Cryptocurrency startups, most often at Seed and Series A stage. Most of the 22 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is White Loop Capital's check size?

White Loop Capital typically joins rounds of $1M–$1M at Seed, $1.2M–$1.2M at Pre-Seed and $10M–$27M 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 White Loop Capital participates in.

### How do I contact White Loop Capital?

Public channels for White Loop Capital 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 White Loop Capital?

The team at White Loop Capital includes Hugo Panczak (Managing Partner & CEO), Noé Giglio (Managing Partner & Head of Business Development) and Xavier Jeanmonod (Managing Partner & Global Head of Analysis). 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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