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NGB Invest
NGB Invest is a venture capital firm based in Montpellier, France. It invests in seed-stage, early-stage, and later-stage companies in software, energy,...
NGB Invest
NGB Invest is a venture capital firm based in Montpellier, France. It invests in seed-stage, early-stage, and later-stage companies in software, energy, cleantech, and real estate sectors. The firm is based in Montpellier, France and has made 2 investments, including a Seed VC - II investment in Scop3 on May 15, 2024.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
France
City
Montpellier
Corporate office
Montpellier, France
Principals
Frédéric Salles
President-Founder
Sector focus
Frequently asked questions
Who makes investment decisions at NGB Invest?
Frédéric Salles, the president-founder, is the sole named decision-maker on the firm's website. His background is in IoT connectivity as the founder of Matooma, and he leads the investment process for the firm.
Where does NGB Invest's capital originate?
The capital traces to the proceeds from Salles's sale of Matooma, a SIM-based IoT connectivity firm, to the British group Wireless Logic Group. The firm does not disclose outside limited partners.
What is NGB Invest's relationship to French Tech Méditerranée?
Frédéric Salles serves as the president of French Tech Méditerranée, the organization responsible for detecting, promoting, and accompanying roughly 150 start-ups in the region. This role provides NGB Invest with proximity to local deal flow, though the fund and the association are separate entities.
What stage and type of funding does NGB Invest provide?
The firm invests at the seed and initial fundraising stages for start-ups and SMEs. It operates either as a direct investor or by participating alongside a named lead fund. The focus is on French companies in digital and energy sectors.
Does NGB Invest have dedicated real estate investments?
Its website mentions targeting real estate companies (sociétés Immobilières) alongside start-ups and SMEs. The extent and nature of real estate activity is not detailed beyond this general inclusion.
What was NGB Invest's first known portfolio company?
IoTerop, a Montpellier-based editor of software for IoT device security, management, and interoperability, founded by three former Intel executives. NGB Invest supported the company's €1.5 million seed round.
How does NGB Invest compare to a traditional venture capital firm?
It functions as a hybrid between a family office and a sector-specific seed fund. Unlike a traditional VC firm with diverse limited partners, its source is the founder's own exit liquidity, deployed with a regional and technical specialization rather than a generalist mandate.
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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