NACO Overview
NACO is a co-investment fund dedicated to supporting and financing startups and small and medium-sized enterprises (SMEs) in the Nouvelle-Aquitaine region of France. Backed by the Région Nouvelle-Aquitaine and managed by M/Capital, NACO aims to accompany companies across the entire territory, support more sustainable production models, and provide financial leverage to businesses contributing to their region. The fund offers equity financing up to €3 million per project, with a total allocation of €102 million dedicated to the recovery and development of enterprises. NACO focuses on creating value, promoting economic development, facilitating social and ecological transitions, and supporting the move towards Industry 4.0.
Is NACO the right investor for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with NACO, along with a list of other relevant VCs, is available on Hopohopo.io.
NACO
Investment focus
Invest in
- Western Europe 1 / 14
Industries / verticals
- AgriTech / FoodTech
- BioTech & Life Sciences
- Clothing / Accessories / Wearables
- Creative / Design
- Energy
- Engineering / Manufacturing
- IT Infrastructure & Cloud
- Maritime / Ocean
- Materials Science
- SpaceTech / Aviation
- Travel / Hospitality
Investment role
Lead and follow
Stages
Pre-seed, Seed, Series A, Series B or later
First ticket size
€0 - €3,000,000
Contact information
Membre du comité d’engagement/ Investment committee member
Laurence Lachamp
How to approach funds like NACO
When approaching NACO, emphasize your startup’s tangible impact on the Nouvelle-Aquitaine region—demonstrate how your business drives local economic growth, fosters sustainable practices, or advances industrial modernization. Highlight partnerships with regional stakeholders and show a clear path to scalable, measurable outcomes that align with social or ecological transition goals. NACO values founders who can articulate both the broader societal benefits and the practical, on-the-ground execution of their vision.
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