Bel Group is a French family-owned food company (maker of The Laughing Cow, Babybel, Boursin) that invests in food-tech and alternative-protein startups through its corporate venture arm, Bel Ventures, established in 2022. The firm partners with and takes equity stakes in disruptive startups aligned with its strategic shift toward dairy, plant-based, and sustainable food innovation.
83% of their portfolio is in Food & Agriculture. Their most common stage is series-a (50% of deals). Average disclosed round size is $30.6M (across 5 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
Éric De Poncins
Director
Fatine Layt
Director
Florian Sauvin
Director
Marianne Tsanis
Director
Paulo Dos Santos
Director representing employees
Thierry Billot
Lead Independent Director
Antoine Fiévet
Chairman of Bel
Carole Jais
Trust & Ethics Chief Officer
Elisabeth Ellison-Davis
Chief Strategy, Transformation, Data & Tech Officer
Frédéric Médard
Chief Impact Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Standing Ovation | Series A | $34.2M | Jan 2026 |
 Perfect Day | Series E | $90M | Jan 2024 |
 Foodberry | Series A | $15M | Jan 2023 |
 Climax Foods | Seed | $7.5M | Sep 2020 |
| Climax Foods | Bridge | — | — |
| Climax Foods | Series A | $6.5M | — |
Top Co-Investors
Last updated: 27 September 2026