A GLOBAL PRIVATE EQUITY FIRM
INCO is an impact investment firm with nearly a decade-long track record through INCO Venture Capital, investing in socially inclusive and environmentally sustainable startups with compelling financial returns.
Through both an international network and local expert teams, INCO Venture Capital provides long-term equity and quasi-equity, from seed to growth stages. We complement our financial investments with strategic and technical assistance to support the growth, development and impact of our portfolio companies.
years of expertise in PE&debt financing combined on the management team
Early Stage Capital
INCO’s venture capital funds invest in early-stage social and green startups.
Our initial seed investment round, as a minority shareholder, typically ranges from 100K€ up to 1M€. We target startups with a proof of concept that have the ambition and potential of becoming market leaders in their markets. We are a patient venture investor (5 to 7 years), using financing tools tailored for startups, from minority shares to convertible bonds, as well as shareholders loans or short-term notes when needed.
We aim at building sustainable innovative companies and generating high financial and social returns for our investors.
70% of our portfolio
INCO’s growth capital funds invest in profitable, social and green companies.
We target successful SMEs in high growth markets, which have proven business models. Their experienced management teams have brought the company to break-even. We support their development and scaling-up through long-term capital, with ticket sizes ranging from 1M€ to 5M€. We invest with the aim of owning minority interest, using equity and quasi- equity.
We aim at supporting successful companies on their path to success, and generating high financial and social returns for our investors.
30% of our portfolio
FOSTERING ROBUST AND LONGSTANDING RELATIONSHIPS WITH INVESTORS
Fostering robust and longstanding relationships with investors is key to INCO. We strive to generate the best financial performance for them, while providing a strong and measurable social impact.
The investment team relies on a solid base of institutional investors:
VC PARTNERS NETWORK
INCO HAS BUILT A STRONG NETWORK OF VENTURE CAPITALISTS
Our network members are all committed to developing the impact investing market, share best practices, successful strategies and deal flow to foster high growth portfolios, and are part of the same INCO community.
INCO IS A LEADING IMPACT INVESTING FUND
INCO is a leading impact investing firm. From seed and venture to growth-stage companies, we have sought to capitalize on global pressing issues to target attractive and impactful companies with strong consolidation opportunities. INCO invests mainly - but not exclusively - in 4 core sectors :
OUR CROSS SECTORS IMPACT
tons of waste avoided
low income supported
A UNIQUE FINANCIAL AND IMPACT ASSESSMENT TOOL
INCO has developed INCO Ratings, a unique financial and impact assessment methodology, tailored for green and social businesses through a set of 600 financial and non-financial criterias.
The INCO Ratings methodology is composed of a complete financial analysis of portfolio companies, grasping their business model, the added value of the solution, market opportunities, financial stability and growth perspectives.
INCO Ratings lead to a clear and quantified rating report, precious guide for investors but also a useful tool for entrepreneurs to monitor and improve their impact.
INCO Ratings allows conducting global non-financial assessment adapted to different industries including healthcare, accessibility for the disabled, fair trade, employment, clean and renewable energy, etc. and taking into consideration all the dimensions of social and environmental impact.
The social and environmental performance of our investments is crucial. A rigorous impact evaluation is essential in order to select social and green startups and measure their impact outcomes on the long-term.
With the creation of the NovESS fund in 2016, INCO worked with La Caisse des Dépôts et Consignations and BNP Paribas to develop the extra-financial assessment methodology MESIS. This methodology, uses the same approach as INCO Ratings, and allows a complete social impact assessment using 15 categories of analysis that can be used in 7 main social sector fields : employment, housing, health, education, poverty, microfinance, environment.
Financial & Social Criteria
extra financial fields
STANDARTIZED RATING SCALE
( from - 5 to + 5) set for each
indicator to grasp the social companies' performance
of impact objectives
of investee’s non-financial
performance to ensure compliance with the social impact objectives of the funds.
of the social impact monitoring
of the most significant impact indicators
(4 or 5) per entreprise
of the impact indicators and targets and objectives by the investments fund’s committee and by the target investee’s governance bodies.
follow up meeting with the portofolio companies
EXTENSIVE SUPPORT SERVICE
Portfolio companies have the opportunity to :
TAP into our large corporate and institutional network, and learn from like-minded peers.
MEET specialized experts (market positioning, product development, communication, financing strategy, etc.).
CONNECT to the most innovative startups across the globe, and the latest experts on the hottests topics, thanks to INCO.ORG.
MEET OUR INVESTEES
A STRONG GOVERNANCE STRUCTURE
Each of the funds INCO manages or advises has its own Investors Committee. Gathering the LP‘s of the fund, the Investors Committee gives advice on the fund's strategy and reviews the portfolio introduced by the Investment team.
The Executive Committee oversees the day-to-day management of the firm and all non-investment related to strategic and management decisions. The executive committee is chaired by INCO Chairman, Nicolas Hazard.
The Investment Committee is responsible for all investment-related decisions, as well as the overall monitoring of the funds’ investments. It is chaired by INCO’s Managing Director and includes Investment Directors and Officers with a combined 33 years of private equity and financing experience.