Our way

Our vision is that companies are a transformative force in the world throughout their power of action and innovation.

Our mission is to channel private capital towards impactful organizations that tackle humanity’s major challenges. We believe these companies will become benchmarks for the 21st century.

We back women and men who build these companies, based on disruptive solutions to solve major social or environmental problems. .

We believe our role as a shareholder is to take part in shaping the future we want to live in. .

Our (hi)story

Citizen Capital was founded in 2008 by Laurence Mehaignerie and Pierre-Olivier Barennes, driven by a shared belief that capital is both a powerful and a vital tool to tackle humanity’s major challenges. The company is among the first pure players of impact in Europe.

Citizen Capital is founded by Laurence Mehaignerie and Pierre-Olivier Barennes.


Final closing of Fund I providing equity and operational support to promote social mobility through entrepreneurship and encourage the emergence of purpose-driven companies with ambitious social drive at the core of business while targeting market-rate returns.

Signing of French Diversity Chart


Signing of Principles for Responsible Investment (PRI). Top decile rank.


Citizen Capital becomes the first French B Corp Investment Fund.


Launch of Fund II supporting ambitious mission-driven companies looking to scale.


Laurence co-founds the Communauté des Entreprises à Mission, in line with original purpose of the management to back companies with a strong drive to meet the societal challenges of the 21st century. Citizen Capital was recognized as a “Best For The World” B Corp honoree.


Launch of seed & series A Fund providing equity to high-potential startups with innovative solutions to solve major social or environmental issues.


Launch of Agri Impact to finance agricultural projects generating additional revenues for farmers while supporting sustainable agricultural methods.


Citizen Capital becomes Société a Mission.


Citizen Capital launches Fund III (with €80M for 1rst closing)


Our mission

Our mission is to channel private capital towards impactful organizations that tackle humanity’s major challenges. .

We back women and men who build these companies, based on disruptive solutions to solve major social or environmental problems.

Our objectives

  • Drive more capital towards organizations that tackle humanity's toughest challenges
  • Support these innovative companies to deploy their mission at the heart of their economic model
  • Explore new ways to tackle major human needs that are poorly served by the market
  • Promote and embody the values of openess, diversity and community, and recognize the plurality of stakeholder interests, both within the organization of the Company and in the companies we support

The way we look at impact


First, we need to make up our mind about the the management team's vision and their ambition to place their impact strategy at the heart of the company's project.


We rely on our impact due diligence to define a societal ambition for the company. With the entrepreneurs, we translate this ambition into goals and impact indicators. We call it an "impact business plan" and combine it with the financial business plan.


We support the company in rolling out its purpose through various operational dimensions such as product thinking and designing, HR or brand construction.


We regularly produce impact reports while constantly questioning and deepening the societal project of the company throughout the investment.

Our commitments

Field bulding

In 2019, we published the guide « Entreprise à mission : de la théorie à la pratique » in partnership with Deloitte Développement Durable.

Still today, this handbook is often regarded as one of the most useful resources on the topic, and as a major contribution to the booming number of purpose-driven companies in France.

1rst French B Corp Fund

Citizen Capital was first certified in 2015, alongside with two of its portfolio companies, Camif and Ulule.
Standing with a score of 109 (+11 points since the first certification), Citizen Capital was recognized in 2018 as “Best For the World” B-corp Honoree in 2 categories : ChangeMakers and customers.

What It means to be a B Corp for Citizen Capital

Building a mission-driven economy

Citizen Capital is one of the founding members of the Communauté des Entreprises à Mission, an association that brings together mission-driven companies moving towards “société à mission” status and aims to promote companies with business models that strive to meet the major challenges of the 21st century.

Acting as a responsible investor

Citizen Capital has been a signatory of the UN-PRI since 2010 and is ranked in the top decile of the private equity sector. It demonstrates its commitment to responsible investment and to build a more sustainable financial system.
Citizen Capital is also a member of the Impact Commission of France Invest and one of the 25 French funds granted with “French impact” label.

Foster diversity

Citizen Capital is committed to tackling issues of diversity and gender balance within the team. Since 2010, the management company has been signatory of the Charte de la Diversité, which aims to foster pluralism and seek diversity. In 2019, the company also signed the Charte Sista which is designed to promote the place of women in the private equity industry and to increase the funds raised by companies founded or co-founded by women.

Creating impact

what is impact for us

Humanity is facing unprecedented social and environmental challenges. In the meantime, many businesses keep on creating new, artificial needs. We are not interested in those. We instead back innovators who are on a mission to contribute to humanity’s fundamental needs – think about things like being in a good health, accessing to quality education or living in a sustainable environment for instance.

Impact is innovation-based. Why “innovators”? Because solutions from the past cannot solve today’s problems. New paths need to be taken to bring systemic change.

Impact is mission-driven. We have experienced over time that there is no long term impact without a clear vision of the change a company wants to bring to society. A clear vision is key. But it is not enough. We reckon that a mission needs to be embedded at every level of the company – from its strategy to its culture and products. Indeed, a positive impact on people or on their environment is always fragile. It can for instance disappear when a business model shifts. But if the mission is rooted deeply enough within the company, business model can change, impact will be preserved.

Impact is measurable. Last but not least, we believe that what gets measured gets done. When it comes to impact, numbers are often not easy to define and measure, but they are the best way to make a company’s contribution tangible. One step after another, innovators can then walk a very, very long way.

Some of our impact to date

Working with us

Moving purpose to the core of your strategy

Our team is made up of experienced specialists eager to support entrepreneurs in navigating challenges, building teams, searching for needle-moving connections, finding the good people to grow as a leader and so on.

Above all, we have developed a specific know-how around impact strategy. We work on custom programs focused on moving purpose to the core of strategy and translating it into action.

Interested in knowing more?

Get in touch with the team