The Family

Investment decisions were managed collectively by the three co-founders: Oussama Ammar, Alice Zagury, and Nicolas Colin. The governance structure concentrated authority among the founding team, which later proved problematic when internal disputes emerged. The firm did not publicly delineate formal investment committee roles or independent oversight.

The Family sourced deal flow primarily through its accelerator program and physical campus in Paris, which attracted early-stage founders seeking mentorship and funding. The firm also leveraged its co-founders' networks across European tech ecosystems and its policy advocacy work to gain visibility among startups. The model built a pipeline of companies that self-selected into the accelerator before receiving investment.

No. The Family suspended operations and entered administration in March 2022 following disputes among its co-founders (per TechCrunch, March 2022). The firm no longer makes new investments, and its Paris campus has closed. Co-founder Alice Zagury subsequently founded The Galion Project, a separate venture.

The Family targeted pre-seed and seed-stage startups, typically deploying capital at the earliest stages of company formation. The firm exchanged programming, mentorship, and network access for equity stakes, often entering companies before institutional venture rounds. Portfolio companies were expected to participate in the accelerator program alongside receiving investment.

The Galion Project was founded by Alice Zagury, a co-founder of The Family, following The Family's administration in 2022. While The Galion Project is a distinct entity, it carries forward some of the community-building and support principles that characterized The Family's model. Nicolas Colin, another co-founder, has continued publishing and advising on startup governance independently.

The Family typically invested as a lead or sole investor at the earliest stages and often helped portfolio companies raise subsequent rounds from external venture capital firms. The firm's model positioned it as a first-check investor that prepared startups to access larger institutional funds for Series A and later rounds. Co-investment alongside external GPs was not a stated focus.

The Family did not maintain a formal philanthropic arm, though its policy advocacy included efforts to influence European startup regulation and government support for entrepreneurship. The firm's education programming and free resources for founders functioned as a form of ecosystem development but were not structured as philanthropic initiatives.