INVESTING IN MODERN EXPLORERS.

About us

Adelie is a Paris & London based Venture Capital fund launched in 2019 to finance technology companies across Europe with a focus on Series A & B. The fund is supported by experienced and hands-on investors, mainly serial entrepreneurs.

We work in partnership with Clipperton, a pan-European investment banking platform which has advised more than 300 high-growth innovative businesses on financing and M&A transactions over the last 15 years.

We typically invest in fast-growing European tech companies powered by ambitious teams and with a great potential for scalability. We believe in entrepreneurs, the explorers of the 21st century.

To date, we have backed several founders across Europe from seed to growth stages, in a wide range of industries. They are all passionate people, building exceptional products to conquer their respective markets.

For founders

Strategic Advice

We offer support to our portfolio companies on a range of strategic issues: financing, exit strategy, international development, go-to market, KPIs.

Visibility & Network

Thanks to our extensive corporate network, we work continuously to place our portfolio companies on the radar-map of potential strategic partners or acquirers.

Entrepreneurial Expertise

Our fund is backed by experienced entrepreneurs keen to share their expertise.

They know what it is like to be in a founder’s shoes and will help you on your journey to success.

Our portfolio


Previous investments made by the Adelie Advisors management team
Investment in Nexthink made via a dedicated SPV

Our team

Jean-Manuel Costa
Managing Partner & Founder


Jean-Manuel founded Adelie in 2018. He has more than 15 years of experience advising and investing in financial services and technology companies. He worked in particular for Goldman Sachs and JP Morgan in London where he was an advisor to lending platforms, fintech companies and leading tech investors such as DST Global and Rocket Internet.

Previously, Jean-Manuel worked with the founders of Clipperton at NetsCapital a tech-focused corporate finance boutique.

He graduated from CentraleSupelec in Engineering and holds an MBA from the Wharton School of Business.

Pierre Dard
Associate


Prior to joining Adelie, Pierre worked as a Venture Capital analyst with Idinvest Partners. Before that, he worked at Publicis Groupe in London as a media/advertising strategist for international clients and at Pumpkin App, a fintech startup, as a business developer.

He graduated from the London School of Economics (MSc - Managerial Economics) and from the University of Warwick (BSc - Management).

Quentin Gazay
Analyst


Before joining Adelie, Quentin worked as right-hand to the CEO & COO at SpaceFill, a B2B Saas-enabled marketplace in logistics, and as junior consultant at Accenture Strategy in the Financial Services practice.

He graduated from ESSEC Business School (MSc in Management) and followed the Venture Capital & Entrepreneurship track


Nicolas Von Bülow


Nicolas co-founded Clipperton in 2003 and participated in many of the transactions completed by the firm since then. Prior to this, he was a strategy consultant for Mars & Co and an investment banker for NetsCapital, a tech focused corporate finance boutique.

Nicolas is an HEC alumnus and holds a post-graduate degree in Finance and Economy from Paris School of Economics.

Deals​: AramisAuto (M&A sell-side), Dailymotion (Series A, M&A sell-side), Glovo (Series B), iAdvize (Series C), Sendinblue (Series B)...

Stéphane Valorge


Stéphane co-founded Clipperton in 2003. He has led the company's efforts in Germany with the opening of its first office in Berlin in 2013. Previously, Stéphane worked for eight years in consulting at CDC Consultants and Mars & Co (in Paris and London) and in investment banking at NetsCapital (as a Partner in Paris).

Stéphane graduated from Ecole des Mines de Nancy.

Focus​: IT Services

Deals​: Gastrofix (M&A sell-side), Aramis Auto (M&A sell-side), Vestiaire Collective (Series B, C & D)...

Thibaut Revel


Thibaut joined Clipperton as a Managing Partner in 2009. Before this, he was a Project Manager at strategy consulting firm Mars & Co, where he worked for 9 years for large TMT blue chips in Paris and London.

Thibaut graduated from École Polytechnique (X 1993), ENSAE and holds a Master of Science in Finance & Economics from the London School of Economics

Focus​: Big Data, Cybersecurity, HR tech and Foodtech

Deals​: Botify (Series A), Glovo (Series B), Greenweez (M&A sell-side), Leetchi (M&A sell-side), Odoo (Series B), Webedia (M&A sell-side), Welcome to the Jungle (Series B)...

Thomas Neveux


Thomas joined Clipperton in 2006, where he is a Managing Partner. Prior to that, Thomas worked as a Senior Strategy Consultant with Mars & Co.

Thomas graduated from the Ecole des Mines de Saint-Etienne, and obtained an M.S. in Economics and Corporate Management at the ENSPM/IFP-School. He also holds a B.A. in General Economics.

Focus​: Cleantech and Hosting / Infrastructure

Deals​: FoodChéri (M&A sell-side), Foodles (Series A), Vestiaire Collective (Series D)...

Antoine Ganancia


Antoine joined Clipperton in 2010. He began his career at Mars & Co, a leading strategy consulting firm, where he participated in various projects for Fortune 500 clients in the Consumer Electronics industry. He then worked at Apple EMEA Headquarters in London.

Antoine is an HEC alumnus and holds a Master in Digital Business Strategy from Telecom Paris (ENST) and HEC Paris.

Focus​: SaaS, Healthtech, Consumer Applications

Deals​: Gastrofix (M&A sell-side), Sendinblue (Series B), Withings (M&A buy-side, Series B)...

Thomas de Montille


Thomas joined Clipperton in 2013 and is now a partner. Before this, he spent over four years with Jefferies as part of the technology investment banking team based in London.

Thomas holds a MSc in Finance from Edhec Business School.

Focus​: Travel, E-commerce, E-learning

Deals​: MeilleursAgents (Series B), Odoo (Series B), Photoweb (M&A sell-side), Webedia (M&A buy-side, M&A sell-side), Team Vitality...

FPCI Adelie Capital is managed by Equitis, a management company authorized by the French financial market authority (AMF)