Armat Group is a Luxembourg-based private equity and investment firm focusing on private equity, real estate, and asset-backed finance. The firm invests its own funds and opens investments to partners in club deals, with a flexible approach across geographies and investment types, including family-owned companies, pre-IPO situations, and distressed assets.
70% of their portfolio is in E-Commerce & Marketplace. Their most common stage is series-c (50% of deals). Average disclosed round size is $291.5M (across 8 rounds with reported amounts).
Portfolio
7
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Team
Edouard Ullmo
Co-founder
Jean Paul Gut
Co-founder
Didier Bensadoun
CEO & CFO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Ankorstore | Series C | $283M | Jan 2022 |
 ManoMano | Series C | $355M | Jul 2021 |
 ManoMano | Series C | $355M | Jul 2021 |
| ManoMano | Series F | $355M | Jan 2021 |
 ManoMano | Series C | $355M | Jan 2021 |
 Tailor Brands | Series C | $50M | Jan 2021 |
| ManoMano | Series F | $355M | Jan 2021 |
| Ankorstore | Series B | — | Jan 2021 |
 YNSECT | Growth | $224M | Oct 2020 |
| BBitfury Group | Growth | — | Nov 2018 |
Top Co-Investors
Bpifrance7 shared
Eurazeo7 shared
General Atlantic5 shared
Dragoneer Investment Group5 shared
Kismet4 shared
Bpifrance Large Venture4 shared
General Catalyst2 shared
Alven2 shared
Index Ventures2 shared
Tiger Global Management, LLC2 shared
Supernova Invest1 shared
Upfront Ventures1 shared
FootPrint Coalition1 shared
Astanor1 shared
Happiness Capital1 shared
LIAN Group1 shared
Galaxy Ventures1 shared
MACSF1 shared
Macquarie Capital1 shared
Last updated: 20 October 2026