Paris-based Jolt Capital closed its first fundraising round for its fifth fund at €600 million, with a hard cap of €1.1 billion.
The VC will support industrial innovators across semiconductors, medtech, materials, AI, and energy, positioning them into global “rhinos”. Leading the round is €260 million from the European Investment Fund via the ETCI program, joined by sovereign wealth funds, insurers, banks, and family offices.
Jean Schmitt launched Jolt Capital in 2011 to fix Europe’s blind spot in industrial deeptech. The mission is to breed resilient B2B companies blending IP with sustainability.
Today, that vision powers a 45-person team across 15 nationalities, with offices in Canada, Japan, and South Korea, and a track record of exits, including NILT in optics and UnitySC in chip metrology.
What sets Jolt apart is Jolt.Ninja, its AI platform, scans data from 5 million companies to spot “hidden gems” and streamline deals with “metronomic” precision. Competitors like Atomico and Balderton Capital chase broader tech bets, but Jolt focuses on industrial niches, avoiding bubbly trends in favour of IP moats and risk-managed growth.
Fund V will bankroll some 20 European deeptech bets, from technical software to energy plays, while Jolt.Ninja expands to seed funds and corporate VCs overseas.
