Jolt Capital is a private equity firm that specializes in growth capital technology investing. Jolt Capital generates returns for its investors by enabling growth stage technology-rich companies with strong fundamentals to execute their scaling strategies, in sectors that offer strong exit potential across hardware-driven or deeply rooted software technologies.

Jolt Capital

Jolt Capital SAS is a fully independent Private Equity firm authorized and regulated by AMF (Autorité des Marchés Financiers) that specialises in Technology, targeting investments into companies with revenues between €10m and €50m.

Jolt Capital generates returns for its investors by enabling mid-sized technology-rich companies with strong fundamentals to execute their growth strategies, in sectors that offer good exit potential across software and hardware alike (cybersecurity, sensors, photonics, industrial processes, new energy systems, applied AI, robotics...)

In providing growth capital to our portfolio companies, we support their scaling in new markets, new capacities and new acquisitions, while moderating the risks towards solid value creation.

As industry insiders, Jolt Capital has an ingrained understanding of the scaling constraints facing SMEs in Europe, from both an operational and financing perspective. As such, Jolt Capital enables and catalyzes the requisite expansion by financing Working Capital, CAPEX and strengthening Balance Sheets, while facilitating operational and capital efficiency with strategic guidance across Intellectual Property (IP), Internal Processes, Partnerships, Talent, Board Membership, M&A and more.

Alpha MOS

Blackwood Seven | Part of Kantar Group

Skill and You

Heptagon Advanced Micro Optics

Eyeota

Inside Secure

They invented the TV and the fridge. The telephone and the tire.
Scotland has long been a land of science-based innovations, and there's no reason for this to change.

#JoltNinja currently has 2.3K scottish tech companies under scrutiny, out of which 500+ have an active patent portfolio.
150 of these joltable companies have already been analyzed by our partners for a potential investment.

Now that we have an office in London, the northern tip of the UK is going to become an even more attractive gleaning zone.

Cùm sùil air Alba!
🏴󠁧󠁢󠁳󠁣󠁴󠁿 📺 🛞 ☎️ ❄️ ...

(dot density map automatically produced by JoltNinja)
#deeptech #scottish #scotland #innovation #techtransfer #UK #privateequity #growthcapital #ecosse #scaleup #unitedkingdom #investment #joltian

Scottish Enterprise / Heartland / British Private Equity & Venture Capital Association (BVCA) / Universities Scotland

Operating partners are key to the accelerated growth of a deeptech portfolio.

We currently have 6 of them at Jolt Capital, with stellar backgrounds and an unflinching dedication to our portcos.

The gentleman on the left has restructured and run worldwide sales & marketing for NetApp, SanDisk® or #Freescale.
The gentleman on the right has managed all manufacturing operations at Flex, overseeing 200000 people in 130 factories across the globe.

If this recent discussion between Henri Richard and Francois Barbier seems intense, it's because it was. We leave it to them to disclose the topic of their passionate chat in the comments...

Messieurs, we feel privileged to have both of you onboard!

#operatingpartner #op #deeptech #industry #manufacturing #privateequity #growthcapital #growthPE #partner #investment #portco #portfolio #scaling #growth #sales #marketing #factory

"Before widening on the outside, you must thoughen up on the inside."
(Victor Hugo in -Postscriptum of my life-)
🇫🇷
During our first decade at Jolt Capital, we have built up a method, assembled an A-team, proved an investment thesis, and opened a few offices right here in Europe (starting with Lausanne & Copenhagen).
🇩🇰 🇨🇭 
A couple of years ago, it would have been tempting to platformize upstream (VC) and downstream (crossover), staying on the same geographical playground, but we've decided (for now) to expand the other way around: sticking to our playbook (deeptech B2B scaleups) and deploying it internationally. Of course, internationalism has run in our veins since day 1 (non-European LPs, broad dealflow from #JoltNinja, international exits, many nationalities in our team, etc), but establishing an actual presence on the ground is something we are scaling now.
🇨🇦
In the June issue of Private Equity Magazine dedicated to the internationalization of PE ("French GPs are looking for the right blend"), Jean Schmitt says: "When we set up a new office somewhere, like we just did in Montreal, we make sure that the land is rich both in terms of potential LPs AND eligible deal flow." Thank you Edouard Lacoste Lagrange for the very interesting study.

#deeptech #PE #privateequity #international #ROW #Europe #France #growthcapital #GP #internationalization #joltian #office #frontier #montreal #funds #investment #LP

📢 Pleased to announce that we have signed a definitive agreement to sell our stakes in UnitySC, a company in Jolt Capital IV portfolio.
 
The advanced metrology and inspection instrumentation equipment provider for the semiconductor industry will be acquired by Merck Group, a leading science and technology company operating across life science, healthcare and electronics.
 
The transaction is still subject to regulatory clearance and other customary closing conditions and is expected to be closed until year end. Combined with Merck’s extensive optoelectronics and semiconductor expertise, UnitySC will extend the ecosystem relevance of Merck's Electronics business.
 
Says Pierre Garnier, Managing Partner at Jolt Capital: “We’ve been following UnitySC since its creation, and we also played a direct role in the consolidating acquisitions made in 2016 and 2018. With the additional funding round we led in 2022 together with Supernova Invest and the French State through French Tech Souveraineté (a program operated by Bpifrance), the company could increase its position as one of the key players in semiconductor metrology. UnitySC’s upcoming acquisition by Merck is a textbook example of what we do at Jolt: consolidating leading innovators in Europe, and contributing to the emergence of global champions in capital equipment and deeptech in general.”
 
Read the official press release on Merck’s website: 
👉🏼 https://lnkd.in/ey7jcNNR 
 
#deeptech #exit #europe #champion #semiconductor #metrology #3DIC #packaging #inspection #capitalequipment #grenoble #electronics #privatequity #growthcapital #chips #wafer #gpu

⓵ Unicorn (glowing with pride)
How do you like my horn, milady?
I can’t believe I’m now worth a billion!
 
⓶ Lady (suddenly nostalgic)
Nor can I, darling. If you trully were, I would have already sold you.
Here, take a look in the mirror. See, no horn. It’s all in your head, not on it.
Trust me, I’ve made my hair into this ridiculous palm tree for years and he doesn’t care.
 
⓷ Lion (in petto)
A billion? I’m Bill! I’m the lion!!
Asking a king to hold the mast? Who does she think she is?
 
🦄 👸🏽 🦁
 
Everyone knows that we don’t think much of that particular species in the fabled bestiary.
At Jolt Capital, we consider ourselves peasants. We like real animals instead, with a price tag based on actual merits.
A company that makes €100m in revenue is something we take our hat off to.
A company valued at €1000m? Says who?
 
But that particular one is special, and we love it.
 
She is the most famous unicorn in France, and she lives inside a series of six incredibly beautiful tapestries. If you pass by Paris this summer and you want to take a break from the Games, do visit the extraordinary Cluny Museum of the Middle Ages.
 
#thewayofthepeasant #valuation #realvalue
#emblem #scotland
#unicorn #licorne #horn #tapestry #art #middleages #cluny #museum
#deeptech #privateequity #growthcapital #growthPE #startup #scaleup #billion
Musée de Cluny - musée national du Moyen Âge

If our best judo wrestler was only performing well at home, and if he only had a couple of months left to his career, his "value" would be reduced, despite his immense power.
💪🏼 x (🌍 + ⌛️)

Evaluating the patent portfolio's worth of a deeptech company is similar. You need to combine the intrinsic value of its patents (forward and backward citations, number and depth of claims, oppositions, ...) with their spatio-temporal reach (geographic coverage and number of years remaining).

Our AI butler #JoltNinja is spoon-feeding us a "Jolt Patent Score" (JPS) for each company in its knowledge graph. The formula factors in those two main ingredients (own quality and monopoly size), with a few proprietary twists (depending on market conditions, geographical bias, or industry specificities).

After they join Jolt Capital's portfolio, our companies are strongly encouraged to file even more patents (rule of thumb: 1 family per million € spent in R&D) and to ramp up their overall IP policy.

Intellectual property is no laughing matter at deeptech investment firms!

#deeptech #patent #score #brevets #intellectualproperty #IP #portfolio #privateequity #growthequity #strength #worth #asset #value #claim #patents

European Patent Office INPI Yann Ménière Didier Patry Centre national de la recherche scientifique Jean-Luc Moullet France Deeptech

❌ It costs more to scale.
(Fake. The funding profile over time is just different. Overall it's 3x less capital intensive than digital.)

❌ It's slow to take to IPO.
(Nope. 7 years on average from first VC round, whether you are deeptech or not.)

❌ It's riskier than shallowtech.
(Untrue. Especially for growth stage scaleups offering proven solutions)

❌ The multiples are lower.
(Wrong. The ratio IPO value / VC+PE invested is 14x for deeptech, and "only" 11x for the rest.)

❌ They are too few of them.
(We'd be happy to show you how #JoltNinja finds endless deposits in Europe.)

Myths about deeptech companies are rampant but, thanks to data analysis, they are starting to be debunked one after the other.

The excellent yearly report on the state of deeptech by Dealroom.co, Walden Catalyst Ventures and Lakestar dispels those erroneous assumptions. (Mostly based on that single source, a recent report by McKinsey & Company unsurprisingly reaches the same conclusions...)

And we are not even talking about the other intrinsic virtues of deeptech (crucial to address global issues, ESG-compliant almost by design, defensible using patents).

Don't be sad, Rhiannon, your time has come.
🦏 👑

#deeptech #rhinos #fake #myths #truth #facts #riskprofile #assetclasses #growth #growthequity #privateequity #growthcapital #sciencebased #techtransfer #tto #ipo #gp #lp #funds #investment #industry #maslow #manufacturing #industrial #ESG

France Deeptech La French Fab La French Tech Ministère de l’Économie, des Finances et de la Souveraineté industrielle et numérique Bruno Bonnell Michael Jackson Nicolas Dufourcq Bruno Le Maire Géraldine Leveau Olivier Lluansi Olivier Sichel Société d'Encouragement pour l'Industrie Nationale La Fabrique de l'industrie Territoires d'industrie Collectif Startups Industrielles France Bpifrance Large Venture European Investment Fund (EIF) European Investment Bank (EIB) Nicolas Autret Yoram Wijngaarde Lorenzo Chiavarini Steven Jacobs

On this very day in 1898, he discovered ξένον.

Xenon was part of a family then called rare gases.
But they aren't so rare. They are just aloof and unreactive.
Discretion can sometimes pass for scarcity.
The noble Scottish William Ramsay, who was a rare talent, got the Nobel.

Words can be mischievous sometimes.
Rare earths aren't particularly rare either.
Just like great European deeptech scaleups.
You only need flair and a good truffle hunter.

More about 🏴󠁧󠁢󠁳󠁣󠁴󠁿 next week.
Happy Friday!

#chemistry #discovery #onthisday #anniversary #chemist #research #rare #scottish #scotland #ecosse #deeptech #science #celebration #nobel #joltninja #inorganic #noble #xenon #jolt #deeptech #scaleups #privateequity #techtransfer #tto

Académie des sciences Académie des technologies Victoire de Margerie Isabel Marey-Semper Scottish Enterprise University of Glasgow University of Strathclyde Heartland The Scottish Parliament Gordon Ramsay Gordon Ramsay Restaurants EuChemS (European Chemical Society)

For years, the Hall of Crusades at the Palace of Versailles has been Jolt Capital's second home. At least once a year, in December, when we organize our traditional CEOs & LPs day.

This is also the very place where conductor Valentin Tournet and his baroque ensemble La Chapelle Harmonique recorded a world premiere. "Greek and Roman Feasts" by Frenchman François Colin de Blamont (1726). A heroic ballet in three "entries", the first one featuring the legendary Alcibiades and his alleged cheating in the chariot race at the Ancient Olympics.

At Jolt, we are proud to support Valentin's entrepreneurial spirit, his forays into the most secret corners of baroque music, and the way he creates exquisitely modern formats (check out "As the crow flies" and "In Vino Musica").

A big shout out to La Chapelle Harmonique for being awarded a "Golden Tuning Fork"!

🎻 🎖️

(Stay tuned, we are putting together a special concert in Montreal on September 20th...)

#baroque #music #patron #philanthropy #violist #ensemble #classical #concert #innovation #award #diapasondor #versailles #privateequity #growthcapital #mecenat #musique Château de Versailles Spectacles Chloe Mourgeon Maxime N. Ohayon

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