XAnge

📘 𝐓𝐡𝐞 𝐌&𝐀 𝐏𝐥𝐚𝐲𝐛𝐨𝐨𝐤 𝐢𝐬 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝! On the 22nd of September, 60 founders, M&A experts, contributors and partners joined us at the beautiful LCL headquarters to celebrate the launch of our M&A Playbook, #BuytoGrow, and to see months of work finally come to life. Moderated by Pierre DELANNOY, three panels walked through the M&A journey: 𝐋𝐚𝐲𝐢𝐧𝐠 𝐃𝐨𝐰𝐧 𝐭𝐡𝐞 𝐆𝐫𝐨𝐮𝐧𝐝𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐌&𝐀 ▪️ Nicolas Rose, XAnge ▪️ Benjamin Marchal, 360Learning 💡 There are many reasons to do acquisitions, but there are also many reasons not to. Make sure you know why this is your best option to get where you need to be, and tht you're uying the thing that'll actually get you there. 𝐅𝐫𝐨𝐦 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐭𝐨 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 ▪️ Antoine Ganancia, Clipperton ▪️ Clément Hardy, Claret Capital Partners ▪️ Gabriel Moukhbat, Swile ▪️ Mathieu Gattaz, Doctolib 💡 Set your budget before you set your price: cash, debt capacity and the dilution your board will accept. Keep earn-outs realistic, because targets nobody can hit demotivate management from year one. 𝐂𝐚𝐩𝐭𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐕𝐚𝐥𝐮𝐞 ▪️ Sébastien Prouvost, BearingPoint ▪️ Thibault Monnoyeur, Family Ventures 💡 Integration starts before signing, not at closing. Appoint an integration lead early, and put people first. The evening ended with a cocktail and plenty of conversations about deals to come 🥂 A huge thank you to our speakers, contributors, and the sponsors who made the playbook possible: BearingPoint, Cash Out Podcast, Claret Capital Partners, Clipperton, Dealroom.co & LCL. 📥 Download the playbook: https://lnkd.in/eVz3_fSE #BuytoGrow #XAnge #VentureCapital

🥨 𝐓𝐡𝐞 𝐌&𝐀 𝐩𝐥𝐚𝐲𝐛𝐨𝐨𝐤 𝐢𝐬 𝐡𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐌𝐮𝐧𝐢𝐜𝐡 Don't miss Valerie B.'s keynote at Bits & Pretzels: 𝘉𝘶𝘺 𝘵𝘰 𝘎𝘳𝘰𝘸: 𝘛𝘩𝘦 𝘌𝘶𝘳𝘰𝘱𝘦𝘢𝘯 𝘍𝘰𝘶𝘯𝘥𝘦𝘳'𝘴 𝘉𝘶𝘺-𝘚𝘪𝘥𝘦 𝘔&𝘈 𝘗𝘭𝘢𝘺𝘣𝘰𝘰𝘬. Founders learn how to pitch, raise and sell, but rarely how to buy, even though acquisitions are now a key growth lever for VC-backed European companies. Valerie will cover the playbook, from deal thesis and diligence to integration. 📅 September 28 | 2:15 – 2:25 PM 📍 Investor Stage, Room 14a She'll also be a Table Captain. Come say hi! 🥨 The full Buy-Side M&A Playbook is available now: https://lnkd.in/eVz3_fSE #Bits&Pretzels #M&APlaybook

𝐁𝐮𝐲 𝐭𝐨 𝐆𝐫𝐨𝐰: 𝐓𝐡𝐞 𝐌&𝐀 𝐏𝐥𝐚𝐲𝐛𝐨𝐨𝐤 𝐟𝐨𝐫 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 - 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐮𝐲-𝐒𝐢𝐝𝐞 𝐏𝐥𝐚𝐲𝐛𝐨𝐨𝐤 🚀 Growth used to mean one thing for venture-backed founders: raise, hire, ship. Increasingly, it means something else too: 𝐛𝐮𝐲. Annual acquisitions made by European startups are up 250% since 2020, and Europe now counts ~40,000 funded companies to acquire from, up from 13,000 a decade ago. But buy-side M&A for a startup isn't corporate M&A with a smaller cap table. You're paying in your own shares, not cash. Your investors are negotiating alongside you. And ~70% of acquisitions worldwide fail to deliver their expected value, most often because founders underestimate integration until it's too late. Buy to Grow is XAnge's answer: the playbook that follows our Blueprint Trilogy (Seed, Series A, Series B) and makes the buy-side of M&A explicit for the first time. 📘 Written by our Startup Success team and built on 200+ XAnge investments across Europe plus dozens of on-the-record founder interviews, this guide delivers: ✔️ 𝐓𝐡𝐞 𝐁𝐮𝐢𝐥𝐝, 𝐁𝐮𝐲 𝐨𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 – Know if M&A is really the right move before you spend a euro. ✔️ 𝐓𝐡𝐞 𝐒𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐄𝐧𝐠𝐢𝐧𝐞 – Turn your ecosystem into a live, qualified pipeline of targets. ✔️ 𝐓𝐡𝐞 𝐃𝐞𝐚𝐥 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐬 𝐏𝐥𝐚𝐲𝐛𝐨𝐨𝐤 – From LOI to SPA, why structure and speed beat price. ✔️ 𝐓𝐡𝐞 𝐏𝐨𝐬𝐭-𝐌𝐞𝐫𝐠𝐞𝐫 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦 – Plan Day 1, retain your people, and prove you captured the value. 👉 The playbook is available now, download it here: https://lnkd.in/eVz3_fSE Thank you to our sponsors for making this possible: BearingPoint, Cash Out Podcast, Claret Capital Partners, Clipperton, Dealroom.co & LCL. #BuyToGrow

📢 𝐉𝐮𝐧𝐢𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐑𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐈𝐧𝐭𝐞𝐫𝐧𝐬𝐡𝐢𝐩 𝐚𝐭 𝐗𝐀𝐧𝐠𝐞 We are looking for a Junior Investor Relations to join our XAnge team in Paris starting in January 2027 for a duration of 6 months. Join one of Europe’s leading early-stage VC funds and help us build the future of venture from the inside. This is a great opportunity to learn from Antoine Lefèvre about fundraising, LP relationships, and the inner workings of a fund. 𝘗𝘦𝘳𝘧𝘦𝘤𝘵 𝘧𝘰𝘳 𝘴𝘰𝘮𝘦𝘰𝘯𝘦 𝘤𝘶𝘳𝘪𝘰𝘶𝘴, 𝘴𝘩𝘢𝘳𝘱, 𝘢𝘯𝘥 𝘦𝘢𝘨𝘦𝘳 𝘵𝘰 𝘨𝘳𝘰𝘸 𝘪𝘯 𝘝𝘊. 📍 Location: Paris 📅 Duration: 6 months (starting January 2027) 🔗 Apply here: https://lnkd.in/ekYbvXE9

📣 Founder Dinner in Madrid Last night, Kfund, Stripe and XAnge brought founders and operators together for a simple evening, a space to understand what everyone is building. The energy of the Spanish startup ecosystem was on full display: warm, open, ambitious. Thank you to all the founders and operators who joined us & thanks to Borja Santos, Jérôme Tomasini & Jose Manuel Puig Martinez, along with XAnge's Clementine Gazay & Alexis du Peloux. Our founder dinner series continues: after Amsterdam, NYC, and yesterday, Madrid. Next stop: San Francisco 🇺🇸.

📣 Meet us at the unlock VC Summit 2026 Pauline Paquet Le Malefan, our Partner, will join the session 𝘉𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘈𝘐 𝘵𝘦𝘤𝘩 𝘴𝘵𝘢𝘤𝘬 at the unlock VC Summit 2026 🌟 This session is real dialogue, not a panel. You're not in the audience, you're at the table asking the question. Pauline will be joined by: ▪️ Dama Sathianathan, Bethnal Green Ventures ▪️ Rabab Nasrallah, PhD, Earlybird Venture Capital ▪️ Divya Jakatdar, Harmonic 📅 Thursday 8th Oct | 1:30pm - 2:30pm CET | 📍 Norrsken House, Barcelona #unlockVCSummit2026

🥬 𝐆𝐫𝐞𝐞𝐧𝐥𝐲 𝐚𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐍𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐜𝐫𝐞𝐚𝐭𝐞 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝'𝐬 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 Greenly is acquiring Normative.io, joining forces to build a single system of record for carbon data, giving companies the most accurate view of their emissions across Scopes 1, 2 and 3, and unlocking a data-scaling advantage that compounds with every new customer onboarded. 🥬 4,000+ customers supported across 30+ countries 🥬 500M tonnes of CO₂ managed today, targeting 1 billion by 2030 🥬 Offices in Paris, London, New York and Stockholm for strong local support Congratulations to Alexis Normand, Arnaud Delubac, Matthieu Vegreville and the Greenly team for this exciting news! To fund this ambition, the combined group targets growing ARR from €30M to €50M within three years, expanding across carbon accounting, life-cycle assessment, supply chain and energy management. As an existing backer of Greenly, XAnge welcomes Normative.io's shareholders Blume Equity, Horizons, ETF Partners - The Environmental Technologies Fund and 2150, who join alongside Greenly's other investors including Energy Impact Partners and 7RIDGE. A journey followed by Nadja Bresous Mehigan, Impact Partner & Cyril Bertrand, CEO and Managing Partner at XAnge.

€𝟐.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧. 𝟐𝟔𝟒 𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞𝐬. 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞𝐥𝐚𝐛 𝐣𝐮𝐬𝐭 𝐰𝐨𝐧 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐛𝐮𝐢𝐥𝐝 𝐦𝐚𝐧𝐝𝐚𝐭𝐞 𝐢𝐧 𝐈𝐑𝐈𝐒², 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐬𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐜𝐨𝐧𝐬𝐭𝐞𝐥𝐥𝐚𝐭𝐢𝐨𝐧. Congratulations to Benoît Deper and the entire Aerospacelab team on this incredible milestone and building Europe's strategic future! Aerospacelab has just been awarded a €2.4 billion contract, the largest in the company's history, to build 264 of the 348 LEO satellites that will form Europe's sovereign secure-connectivity constellation. 🛰️ Confirmed as a key Prime Contractor for the IRIS² LEO segment 🛰️Selected following a competitive dialogue with Eutelsat, lead of the SpaceRISE consortium (alongside Hispasat and SES Satellites) 🛰️ 264 fully integrated satellites to be designed, produced and delivered by 2030 Announced today at the #InternationalSpaceSummit in Paris. This incredible journey is followed by Guilhem de Vregille, Partner at XAnge.

🐧 Ed.ai raises €5M!Ed.ai raises €5M! Congrats to Jonathan Banon, Cédric BIGNON, Rémi Mazières & the Ed.ai team on raising €5M Seed to accelerate its deployment in France and expand across the US. Supporting every student individually is a major challenge for teachers. Ed.ai analyses assignments, spots learning gaps, and generates personalised remediation. It has processed 100,000+ copies, is deployed in 500 French schools, and covers all 50 US states for middle and high school math. With this funding, the team will double its headcount, accelerate its expansion in France and internationally, and expand the platform to new subjects and higher education, targeting more than one million copies processed per month worldwide within 24 months. This round brings together Bpifrance Digital Venture, La Poste Ventures, (fund initiated by La Poste Groupe and managed by XAnge) and 50 Partners, alongside existing investors AFI Ventures, CentraleSupélec Venture, Ring Capital and ⚡ Super Capital ⚡. A journey supported by Nicolas Rose, Managing Partner and Louison Garnier, Senior Associate at XAnge.

📢 Meet us at NORDEEP 2026 Valerie B., our Partner & Head of DACH, will join the panel "𝘉𝘦𝘺𝘰𝘯𝘥 𝘵𝘩𝘦 𝘏𝘺𝘱𝘦: 𝘛𝘩𝘦 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘢𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘍𝘶𝘵𝘶𝘳𝘦 𝘊𝘰𝘮𝘱𝘶𝘵𝘪𝘯𝘨" at NORDEEP — 5th Anniversary Edition 🌟 The session cuts through the hype to map the commercialization roadmap for quantum sensing, error correction, and context-aware AI, and how to run these high-stakes systems in conservative, regulated settings like chemical plants and hospitals, where "hallucinations" are not an option. Valerie will be joined by: ▪️ Ion Hauer, APEX Ventures ▪️Milja Kalliosaari, IQM Quantum Computers ▪️Michael Baczyk, Heartcore Capital  with Reidar Wasenius moderating. 📅 16 September | 12:00 | 📍Espoo, Finland #NORDEEP