# Open CNP

Open CNP is a Corporate Venture Capital based in Paris, France.

## Overview

- **Organization type:** Corporate Venture Capital
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** open.cnp.fr
- **LinkedIn:** https://linkedin.com/company/open-cnp

## Regulatory record

- **Reports private funds:** No

## About

Open CNP is the Corporate Venture Capital fund of CNP Assurances with 100m€ under management. It invests between 500,000 and 5 million euros from seed to Series B to back European entrepreneurs. It focuses on fintech, insurtech, e-health, B2B services, and impact & CSR, and supports startups through co-creation, CNP expertise, and its network.

## Sectors

- FinTech
- InsurTech
- Digital Health
- Enterprise Software
- Energy Transition & Renewables

## People

- Hélène Falchier — Founder and former CEO

## Questions

### How does Open CNP source proprietary deal flow?

Deal flow is tightly coupled to CNP Assurances' operating units. Internal business lines surface technology needs, and Open CNP scans the European startup market for solutions that can be integrated into CNP's product stack. The firm's membership in France Digitale and its co-investment relationship with Bpifrance widen the top of the funnel, but the core sourcing edge is the ability to offer startups a live insurance distribution channel.

### Is Open CNP structured as an independent venture firm?

No. Open CNP operates as the dedicated corporate venture capital arm of CNP Assurances, fully funded and owned by the insurance group. This structure means investment decisions are driven by strategic fit with CNP's business lines rather than by the return targets of external limited partners.

### Who runs investment decisions at Open CNP?

Founder Hélène Falchier established the fund and previously served as CEO. Today, Alexandra Pailhes is identified as Head of Investments. The firm has not publicly detailed its investment committee composition, but as a wholly owned unit of CNP Assurances, a senior-level tie to the parent's executive team is implicit.

### What investment stages does Open CNP target?

The fund writes initial equity cheques from €500,000 to €5 million, targeting seed through Series B rounds. They back European startups at the point where a commercial pilot with CNP Assurances becomes feasible, and are structured to follow on in subsequent rounds where the partnership deepens.

### How does Open CNP differ from a standard LP investor in a VC fund?

Open CNP invests directly into startup equity, not as a fund-of-funds LP. The critical difference from a financial LP is the operating partnership: the firm actively connects portfolio companies to CNP's 5,353 insurance experts and its distribution network, aiming to build joint products rather than just taking board observer seats.

### Does Open CNP maintain its own fund structure or parallel vehicles?

The €100 million is deployed directly from CNP Assurances' balance sheet. Open CNP has not disclosed any parallel funds, co-investment vehicles, or third-party LP structures, making it a pure corporate venture unit rather than a multi-fund manager.

### How is Open CNP related to CNP Assurances Foundation?

CNP Assurances operates a separate corporate foundation focused on philanthropy. While Open CNP's mandate includes impact and CSR-oriented investments, the foundation is a distinct entity and is not a vehicle for venture investments.

## Related profiles

- [Open Circle Capital](https://altss.com/profile/open-circle-capital)
- [Open Core Ventures](https://altss.com/profile/open-core-ventures)

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Last updated: 2026-08-11T15:07:41.444Z

Canonical page: https://altss.com/profile/open-cnp

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