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Angels Santé
Founded in France, Angels Santé positions itself as the premier European business angel network dedicated exclusively to healthcare.
Angels Santé
Founded in France, Angels Santé positions itself as the premier European business angel network dedicated exclusively to healthcare. President Eric Garnier and former President Bernadette Orliange anchor a leadership group that also includes Alain Pujol and Caroline Sai, who serves on the board of the European Business Angel Network. The network draws its membership from senior healthcare executives, clinicians, and entrepreneurs, assembling a collective that claims deep scientific, regulatory, and clinical fluency — a profile the network describes as 'smart money' for founders. The network channels member capital into seed and startup-stage companies across three core verticals: Biotech, Medtech, and Digital Health. Deal flow is filtered through the member base's domain expertise, with Angels Santé also operating the EIT Health Investor Network, a relationship that extends its origination reach into European innovation ecosystems. Members participate through direct co-investments, committing personal capital alongside fellow angels and affiliated institutional partners. The network does not disclose aggregate deployment figures or per-deal check sizes. Angels Santé operates from Villa M on Boulevard Pasteur in Paris's 15th arrondissement. The network is embedded in the broader European early-stage infrastructure through formal memberships in France Angels and Business Angels Europe, where it leads the healthcare group. In May 2026, the network announced that ILIFE had joined its community to accelerate the transition of healthcare startups from preclinical to clinical stages. Structurally, Angels Santé differs from a conventional venture fund by operating as a permanent capital network rather than a committed blind pool. Decisions are decentralized to individual members, who invest directly rather than through a pooled vehicle. This architecture gives the network a broad funnel and a high volume of small, specialist-led investments, but it also limits the ability to lead rounds with concentrated check sizes or to manage portfolio construction centrally.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
France
City
Paris
Corporate office
Villa M, 27-30 Bld Pasteur, 75015 Paris, France
Principals
Eric Garnier
President
Bernadette Orliange
Board Member, Former President
Alain Pujol
Board Member, Co-President of France Angels
Caroline Sai
Manager, Board Member of EBAN
Sector focus
Frequently asked questions
Who runs investment decisions at Angels Santé?
Investment decisions are decentralized. Individual members evaluate and commit personal capital to deals sourced through the network. Angels Santé's leadership — President Eric Garnier, Board Members Bernadette Orliange, Alain Pujol, and Manager Caroline Sai — governs the network's operations and dealflow quality, but individual angels decide whether to invest.
How does Angels Santé source proprietary deal flow?
The network sources through its specialist membership base of healthcare executives and entrepreneurs, and through its role operating the EIT Health Investor Network, a European innovation body. It also aggregates deal flow via its affiliations with France Angels, Business Angels Europe, and the European Business Angel Network, giving members exposure to cross-border early-stage healthcare startups.
Is Angels Santé a fund or a network of individual investors?
Angels Santé is a business angel network, not a pooled fund. Members invest personal capital directly into startups. The network itself does not manage a committed fund vehicle or make collective investment decisions on behalf of members.
Which healthcare subsectors does Angels Santé target?
The network focuses on Biotech, Medtech, and Digital Health. Its members bring scientific, regulatory, and clinical expertise to evaluate startups in these fields, with a stated preference for companies developing solutions that benefit patients directly.
At what stage does Angels Santé invest?
Angels Santé targets seed and startup-stage healthcare companies. The network's engagement typically occurs at the earliest phases of company formation, where its members' domain expertise can influence product development and regulatory strategy.
Does Angels Santé co-invest alongside external institutional partners?
Yes. Angels Santé operates the EIT Health Investor Network and maintains structured relationships with European business angel federations. These connections facilitate co-investments alongside other angel networks and early-stage institutional partners, though the network does not publish syndication data.
How does Angels Santé relate to France Angels and Business Angels Europe?
Angels Santé is a member of France Angels, the national federation of business angel networks, where Board Member Alain Pujol serves as Co-President. Within Business Angels Europe, Angels Santé leads the healthcare group, coordinating cross-border healthcare angel activity at the European level.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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