# NGB Invest

NGB Invest is a Private Equity based in Montpellier, France.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Montpellier, France
- **Region:** Europe
- **Address:** Montpellier, France
- **Assets under management:** Undisclosed
- **Website:** www.ngb-invest.com
- **LinkedIn:** linkedin.com/company/n.c.b.-invest

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Enterprise Software
- Energy Transition & Renewables
- IoT

## People

- Frédéric Salles — President-Founder

## 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.

## Related profiles

- [NFX](https://altss.com/profile/nfx)
- [NG Bio](https://altss.com/profile/ng-bio)

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Updated: 2026-06-03T20:00:00.000Z

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