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Venture Capital
karista.vc

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Investments

126

Portfolio Exits

26

Funds

7

Partners & Customers

1

Service Providers

2

About Karista

Karista provides seed and early-stage capital to IT, health and life sciences, biotechnology, engineering, energy, and environmental companies.

Karista Headquarter Location

45, rue Boissiere

Paris, 75116,

France

+33 (0)1 75 00 01 00

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Latest Karista News

Leanspace Raises a €6m Seed Round to Digitalize the Space Industry via the Cloud

Jun 22, 2022

Illkirch-Graffenstaden, France (Leanspace PR) — Leanspace, the company building the digital infrastructure of the space industry, is today announcing a major milestone in its development with the closing of an oversubscribed Seed financing round of €6m ($6.4m). The funding will be used to scale up Leanspace’s cloud services platform, and was led by Karista and 42CAP, with complementary non-dilutive financing from Bpifrance. The new investors join leading space organizations already backing Leanspace, like Seraphim Space, the International Space University and strategic business angels. The commercialization of the space industry and the ‘NewSpace’ paradigm have complexified, rather than simplified, the management of space missions. On top of the legacy requirements we’ve seen for decades: reliability, trust and bespoke developments, space programmes of today come with new needs: a drastic increase in agility and reduction of costs. These new drivers call for new solutions: new software and processes that can truly leverage the cloud and digital engineering technologies. But space organizations face extreme challenges in adopting them. New entrants need to set up entire software infrastructures from scratch and lack the resources, time and know-how to do so. Established organizations are prisoners of complex legacy systems and of the risks of transforming them. Leanspace has been founded to make this transition easier, with the goal of enabling the digital transformation of space organizations. Guillaume Tanier, co-founder & CEO of Leanspace, said: “I’ve spent the last decade building and selling space software. The truth is: 80% is always the same, but people keep rebuilding their systems from scratch, stitching disparate technologies together and reinventing the wheel. In the NewSpace era, it does not make sense anymore. With my co-founders, we wanted to build this ‘80%’ once and make it available to every space player in an easy to use, transparent model, so that they can quickly build powerful, cloud-native space software.” The platform – the exact term is ‘Platform-as-a-Service’ – offers a collection of space-specific cloud services that can be used via API, directly in the customer’s applications. Customers use Leanspace as an integration platform: they can quickly set up ground segments that scale easily and where data can flow, across systems and teams. They also use it as an innovation platform: they can develop their own systems, with their own methods, to answer their own, specific use case. Incorporated in 2020 in Strasbourg, France, by an international team (the founders are French, Spanish, Canadian, and Indian) the company has grown to 25 employees in 2 years, and already works with a dozen space customers, ranging from satellite operators for earth observation, in-orbit services and IoT, to launcher companies and software integrators. This €6m Seed round, led by Karista and 42CAP and complemented by Bpifrance, brings Leanspace’s total funding to €8.5m since its inception. Karista is a major European VC firm based in Paris and invested via its new space fund CosmiCapital, backed by the French Space Agency (CNES). 42CAP is a Munich-based VC firm with a world-class expertise in B2B software companies and SaaS platforms. Bpifrance is the French agency for innovation, delivering financial and technical support to high-potential, innovative ventures. Michaël Thomas, Investment Director and Yvan-Michel Ehkirch, Managing Partner at Karista said: “We were won by the team’s unique vision, complementarity and understanding of what it is to build a global venture. With such a mindset next to a solid technology, fleet management can now be disrupted in the whole NewSpace ecosystem and beyond within many industry verticals. Leanspace’s platform is answering one of the biggest challenges of NewSpace today, meaning the capacity to scale up fast ground infrastructures – one of the current market’s bottlenecks – in order to support the huge market growth”. Julian von Fischer, Partner at 42CAP said: “We have been analyzing the SpaceTech market for quite a while and finally found what we were looking for in Leanspace: a founding team with deep domain expertise, understanding the problems of the industry and a product which has the potential to redefine how software is used in space in the future. We believe that Leanspace has the capability to accelerate the paradigm shift happening in the market and become a core part of the future software stack of space companies. We are thankful to now be a small part of this journey.” Karista and 42CAP join an existing group of world-class space organisations in supporting Leanspace’s vision: Seraphim Space, global leader in SpaceTech investment, from whose accelerator Leanspace graduated in late 2021; the International Space University (ISU), #1 space education provider in the world, which believed in Leanspace from the beginning and from which 2 founders are alumni; the Creative Destruction Lab (CDL), network of tier 1 space experts and entrepreneurs running an acceleration programme for massively scalable tech companies, which Leanspace just graduated from; and Bpifrance, which has been supporting Leanspace’s growth since its founding. This new investment will enable the company to scale up its offerings, by bringing additional cloud services, putting in place a mature service delivery model, and building integrations with strategic partners. “Looking ahead, our ambition is to become the world leader in digital space infrastructures. We want to see hundreds of space missions, diverse in size and use cases, running on cloud-native, collaborative software ecosystems powered by the Leanspace platform!” says Guillaume Tanier. “It’s the only way to get the economies of scale needed to make the new space economy a reality”. About Karista Karista is a Venture Capital firm investing in early-stage companies in France & Europe, especially in the fields of Digital, DeepTech, Healthcare and SpaceTech. Karista has financed ventures such as Sequans Communication (NYSE Listed SQNS), Nanobiotix (Nasdaq Listed NBTX) or Comitéo (sold to Natixis). Since its inception in 2001, Karista has supported more than 100 companies in Europe and generates a sustainable performance for its investors. CosmiCapital, Karista’s SpaceTech fund, invests in the Space economy currently boosted by the growing amount of data from satellites. As a strategic partner to entrepreneurs, the Karista team is recognized for its complementary skills and unique network.

Karista Investments

126 Investments

Karista has made 126 investments. Their latest investment was in Vestack as part of their Series A on June 6, 2022.

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Karista Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/24/2022

Series A

Vestack

$10.85M

No

2

6/23/2022

Seed VC

Leanspace

$6.4M

Yes

1

6/20/2022

Series A

Kranus Health

$6.5M

Yes

1

5/13/2022

Seed VC

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$99M

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10

4/27/2022

Series A

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$99M

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10

Date

6/24/2022

6/23/2022

6/20/2022

5/13/2022

4/27/2022

Round

Series A

Seed VC

Series A

Seed VC

Series A

Company

Vestack

Leanspace

Kranus Health

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Amount

$10.85M

$6.4M

$6.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Karista Portfolio Exits

26 Portfolio Exits

Karista has 26 portfolio exits. Their latest portfolio exit was AppScho on December 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/14/2021

Acquired

$99M

1

11/2/2021

IPO

$99M

Public

1

9/10/2021

Acquired

$99M

2

6/30/2021

Acq - Fin

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$99M

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10

3/16/2021

Acquired

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$99M

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10

Date

12/14/2021

11/2/2021

9/10/2021

6/30/2021

3/16/2021

Exit

Acquired

IPO

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

1

2

10

10

Karista Acquisitions

1 Acquisition

Karista acquired 1 company. Their latest acquisition was CosmiCapital on October 25, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/25/2021

$99M

Acq - Fin

1

Date

10/25/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

Karista Fund History

7 Fund Histories

Karista has 7 funds, including CapDecisif 4.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/24/2018

CapDecisif 4

Early-Stage Venture Capital

Open

$58.42M

2

3/30/2018

Paris Region Venture Fund

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$99M

10

2/15/2014

FCPR CapDecisif 3

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$99M

10

6/9/2009

FCPR CAPDECISIF 2

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$99M

10

6/5/2008

G1J Ile-de-France

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$99M

10

Closing Date

7/24/2018

3/30/2018

2/15/2014

6/9/2009

6/5/2008

Fund

CapDecisif 4

Paris Region Venture Fund

FCPR CapDecisif 3

FCPR CAPDECISIF 2

G1J Ile-de-France

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$58.42M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Karista Partners & Customers

1 Partners and customers

Karista has 1 strategic partners and customers. Karista recently partnered with paris region venture fund on January 1, 2001.

Date

Type

Business Partner

Country

News Snippet

Sources

1/1/2001

Client

Paris Region Venture Fund.

CapDecisif Management selected by Paris Region to manage the 50m € Paris Region Venture Fund .

1

Date

1/1/2001

Type

Client

Business Partner

Country

News Snippet

Paris Region Venture Fund.

CapDecisif Management selected by Paris Region to manage the 50m € Paris Region Venture Fund .

Sources

1

Karista Service Providers

2 Service Providers

Karista has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

Partnership data by VentureSource

Karista Team

5 Team Members

Karista has 5 team members, including current Managing Partner, Catherine Boule.

Name

Work History

Title

Status

Catherine Boule

Managing Partner

Current

Olivier Dubuisson

Managing Partner

Current

Agathe Testu

General Partner

Current

Jérôme Snollaerts

Chief Executive Officer

Former

Patrice Mesnier

Chief Operating Officer

Former

Name

Catherine Boule

Olivier Dubuisson

Agathe Testu

Jérôme Snollaerts

Patrice Mesnier

Work History

Title

Managing Partner

Managing Partner

General Partner

Chief Executive Officer

Chief Operating Officer

Status

Current

Current

Current

Former

Former

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