[ Aster Industrial Ventures ]
Now raising
There’s a gap in funding. We’re here to close it.
Patient capital and hands-on help to take deep tech from the lab to the factory floor.
(01) Our thesis
The next thirty years will be built in hardware.
Deep tech startups prove their innovations in the lab. To reach the market, they must industrialize, and build manufacturing capacity with capital efficiency. Europe has the talent, the science and the infrastructure. What’s missing is investors who know what industrialization takes.
- Energy/
- Robotics/
- Space/
- Materials/
- Defense/
- Compute & Photonics/
- Medtech/
(02) For founders
We care about what you build.
Deep tech
Science-based, hardware-embedded innovation.
First prototype
Proven in the lab, ready to scale.
Early traction
Users’ interest or first revenues.
Pre-seed to Series B
We come in early and stay.
Industrial roots
Close to a regional cluster, its incumbents and its talent.
(03) Our investment model
Four tickets. One industrial path.
We back deeptech startups when they are ready to deploy an efficient, accessible and profitable industrial model.
- 01
Pre-Series A
Finance the extra mile to converge on the product.
- 02
Series A
Explore the industrial process, capex-light.
- 03
Pre-Series B
De-risk pre-industrialization with a first pilot line hosted by a partner mid-cap.
- 04
Series B
Finance the first factory.
- 05
Exit
Build a moonshot, or sell once profitable to acquirers that are often European: mid-caps, large groups, scale-ups.
A model anchored in technology and industrial ecosystems across France: startup innovation paired with the industrial capabilities of mid-caps, capital deployed progressively to match each operational challenge, and greater predictability on exits.
(04) For LPs
Industrialization and returns go hand in hand.
We have walked the talk more than 44 times since 2021. Companies that build infrastructure, supply chains and core industrial capabilities will define the next cycle: hard to copy, built to last.
- 01
4x higher survival rate
Capital deployed progressively across four critical moments.
- 02
An active investor setting the pace
Four tickets in a tight timeline. We anticipate bridge rounds instead of suffering them, and push each startup toward an order book above €3M.
- 03
Exceptional capital efficiency
Partnerships with industrial mid-caps reduce the investment needed to industrialize.
- 04
Upside, like every fund
Several startups on hypergrowth trajectories, with at least one unicorn.
- 05
Realistic exits
For most companies financed at Series B: a median exit of €60–100M, with 5x more potential acquirers as mid-caps join the usual large groups.