Ocseed

Ocseed deploys convertible bonds, which are subordinated debt instruments that convert to equity at a future date or event. The firm positions them as non-dilutive at the time of investment, allowing founders to postpone setting a valuation for their company. This is distinct from traditional equity seed rounds or straight venture debt.

Eligibility is narrow: the company must be B2B, headquartered and operating in the Occitanie region of France, and be in a pre-seed or seed phase with less than three years of history. It cannot have previously raised significant external equity, and it must not be classified as a firm in difficulty. Ocseed explicitly excludes B2C companies.

Ocseed's primary deployment is via convertible bonds, which are inherently instruments that combine debt characteristics with an option to convert into equity. While the firm frames this as non-dilutive financing, the bonds are designed to convert upon a future trigger. Ocseed does not appear to lead priced equity rounds or make direct equity purchases at the point of investment.

Ocseed restricts its investments exclusively to companies whose corporate headquarters and primary business activity are situated in the Occitanie administrative region of southern France, home to Toulouse and Montpellier. The firm does not invest in other French regions or internationally.