Galaxy Fund I — Data Room
Investor Data Room

Access is restricted to authorised investors and partners.
Please enter your credentials below.

Invalid credentials. Please try again.

Data Room Overview

Welcome to the Galaxy Fund I investor data room. Browse fund documents, portfolio materials, and reports below.

EQNX

Corporate

Company structure, governance, regulatory

Team

Bios, track records, references

Network

LP base, co-investors, advisors

EQNX EXISTING PORTFOLIO

Overall Portfolio

Consolidated metrics, performance overview

8 Portfolio Companies

Individual company materials & memos

GALAXY FUND I

Legal

LPA, PPM, side letters, governance

Portfolio

Investment memos, company analyses

Financial Reports

NAV, capital calls, distributions, audits

Quarterly Reports

LP updates, performance, outlook

Corporate

EQNX company structure, governance documents, and regulatory filings.

Company Overview

Legal NameEQNX SAS
Capital€50,000
RegistrationRCS Paris, SIREN 930 880 117
Address60 rue François 1er, 75008 Paris
Founded2024
Websiteeqnx.vc

Structure & Governance

Galaxy Fund I is structured as a Luxembourg SCSp (special limited partnership) under the EuVECA regulatory framework. EQNX SAS serves as the General Partner (GP), responsible for investment decisions, deal sourcing, and portfolio management. Roundtable EuVECA Manager Lux S.à r.l. acts as the appointed Alternative Investment Fund Manager (AIFM), handling all marketing authorizations, regulatory compliance, risk management, and legal/administrative operations under CSSF supervision. Limited Partners (LPs) benefit from the institutional-grade governance and investor protection standards mandated by EU Regulation No 345/2013, while gaining access to EQNX's proprietary AI-powered investment platform and deep European venture ecosystem.

Document
Type
Date
EQNX Company Presentation
PDF
Jan 2026
Company Structure & Governance
PDF
Jan 2026
AMF Regulatory Filing
PDF
Mar 2026
AML / KYC Policy
PDF
Jan 2026

Team

Team biographies, track records, and professional references.

AH

Alexandre Heraud

Partner & Co-Founder

Former Partner at CapHorn Invest. EDHEC Business School. Led investments in Ganymed Robotics, Sunology, Tilak Healthcare, Ledger, and Luko. 28+ investments across his career with 50+ board and observer seat roles.

FS

François Santi

Managing Partner & Co-Founder

Former Partner at CapHorn Invest. ESCP Business School. Led investments in OnePilot, Naboo, EODev, Sunology, and Faircraft. 10+ years in venture capital with a strong track record in digitalization of traditional industries.

PW

Paul Watel

Principal & Co-Founder

Former Investment Manager at CapHorn Invest. emlyon Business School MSc Finance. Previous experience at EY, D'Ornano + Co, and NextStage AM. 10+ years of experience in transaction services and venture capital.

GV

Gaston Vasseur

Principal & Co-Founder

Former Principal at CapHorn Invest. TBS Education. Led investments in Tilak Healthcare (€10M round) and Ganymed Robotics (€36M Series B). Deep expertise in healthtech and surgical robotics.

CL

Carmen Linares

VP Investor Relations

Former lawyer at DWF (international law firm). Universidad Internacional de La Rioja. Raised €50M+ in capital. Manages investor relations and develops the late-stage secondary desk.

GG

Garrett Goldberg

Venture Partner

Former Partner at Bee Partners (San Francisco). Stanford BA, UW Foster EMBA. Board roles at InnerPlant, AxleHire, and Knowde. Focused on AI, deep tech, and enterprise software. Over a decade in Silicon Valley VC.

JB

Jhanvi Bansal

Analyst

India-born, France-based. National mental calculation champion. Supports deal sourcing, financial modelling, due diligence, and portfolio monitoring.

Jack

AI Agent

The operating system powering EQNX’s digital infrastructure. Multi-agent orchestration layer managing investor communications, automated reporting, real-time portfolio monitoring, and the multilingual web platform. Built on Claude (Anthropic). Executing 24/7 with zero downtime.

Document
Type
Date
Team Biographies
PDF
Jan 2026
Track Record & References
PDF
Jan 2026

Network

EQNX LP base, co-investment partners, and advisory network.

Document
Type
Date
LP Overview
PDF
Jan 2026
Co-Investment Partners
PDF
Feb 2026
Advisory Board
PDF
Jan 2026

AI Stack

EQNX proprietary AI infrastructure, tools, and technology overview.

AI-Powered Fund Operations

EQNX integrates AI across the entire investment lifecycle — from deal sourcing through portfolio monitoring to LP reporting.

Jack — AI Operating System

Multi-agent orchestration layer managing investor communications, automated reporting, real-time portfolio monitoring, and the multilingual web platform. Built on Claude (Anthropic).

Deal Sourcing & Screening

AI-powered pipeline scanning 5,000+ European startups quarterly. Proprietary scoring across 40+ criteria including team quality, market timing, and technology defensibility.

Due Diligence Automation

Automated financial model validation, cap table analysis, and competitive landscape mapping. Reduces DD timeline from 6 weeks to 10 days.

Portfolio Monitoring

Real-time dashboards tracking 25+ KPIs per portfolio company. Automated anomaly detection and early warning systems for revenue decline, burn rate acceleration, or churn spikes.

LP Reporting

Fully automated quarterly report generation with AI-drafted commentary, performance attribution, and multilingual translation (EN, FR, IT, ES, AR).

Investor Data Room

Intelligent document management with watermarked viewing, activity tracking, and personalized access controls. The data room you are currently using.

Document
Type
Date
AI Stack Overview
PDF
Mar 2026
Multi-Agent Architecture
PDF
Mar 2026
Data Pipeline & Deal Sourcing
PDF
Feb 2026

Portfolio Overview

Consolidated portfolio metrics, performance tracking, and allocation overview.

All investments made since January 2025

Total Invested
€12M+
Across 8 companies
Portfolio Companies
8
All active
Weighted TVPI
1.8x
DPI 0.0x · No exits yet
Revenue Growth
+65%
YoY weighted average
Portfolio Companies
Company ▲▼ Sector Entry Date Invested Entry Val. Multiple Status
OnePilot Applied AI Oct 2024 €1.8M €70M 1.5x Active
Naboo Opportunistic Nov 2024 €2.0M €65M 2.1x Active
Moon Surgical HealthTech Dec 2024 €1.5M €180M 1.3x Active
Wandercraft DeepTech Jan 2025 €1.5M €120M 1.6x Active
Revibe Opportunistic Feb 2025 €1.2M €50M 2.0x Active
Sunrise HealthTech Mar 2025 €1.5M €90M 1.8x Active
Verley DeepTech Apr 2025 €1.5M €95M 1.9x Active
Superpower HealthTech Jun 2025 €1.0M €300M 1.2x Active
Sector Allocation
HealthTech
€4.0M (33%)
Moon Surgical · Sunrise · Superpower
Opportunistic
€3.2M (27%)
Naboo · Revibe
DeepTech
€3.0M (25%)
Wandercraft · Verley
Applied AI
€1.8M (15%)
OnePilot
Key Metrics
Avg. Entry Valuation €121M
Weighted TVPI 1.8x
DPI (Distributions) 0.0x
Avg. Hold Period 14 months
Revenue Growth (YoY) +65%
Total Deployed €12M+
Geographic Distribution
Europe
€11.0M (92%)
OnePilot · Naboo · Moon Surgical · Wandercraft · Revibe · Sunrise · Verley
United States
€1.0M (8%)
Superpower
Middle East
Opportunistic
Portfolio by Geography
Companies in Europe 7
Companies in United States 1
Avg. Entry Val. (Europe) €96M
Avg. Entry Val. (US) €300M
Document
Type
Date
Portfolio Summary Deck
PPTX
Apr 2026
Portfolio Valuation Model
XLSX
Mar 2026
Portfolio KPI Dashboard
PDF
Mar 2026

OnePilot

Investment materials and company documentation for OnePilot.

Loading company data...
Document
Type
Date
OnePilot — IC Memo
PDF
Oct 2024
OnePilot — Due Diligence Report
PDF
Oct 2024

Naboo

Investment materials and company documentation for Naboo.

Loading company data...
Document
Type
Date
Naboo — IC Memo
PDF
Nov 2024
Naboo — Due Diligence Report
PDF
Nov 2024

Moon Surgical

Investment materials and company documentation for Moon Surgical.

Loading company data...
Document
Type
Date
Moon Surgical — IC Memo
PDF
Dec 2024
Moon Surgical — Due Diligence Report
PDF
Dec 2024

Wandercraft

Investment materials and company documentation for Wandercraft.

Loading company data...
Document
Type
Date
Wandercraft — IC Memo
PDF
Jan 2025
Wandercraft — Due Diligence Report
PDF
Jan 2025

Revibe

Investment materials and company documentation for Revibe.

Loading company data...
Document
Type
Date
Revibe — IC Memo
PDF
Feb 2025
Revibe — Due Diligence Report
PDF
Feb 2025

Sunrise

Investment materials and company documentation for Sunrise.

Loading company data...
Document
Type
Date
Sunrise — IC Memo
PDF
Mar 2025
Sunrise — Due Diligence Report
PDF
Mar 2025

Verley

Investment materials and company documentation for Verley.

Loading company data...
Document
Type
Date
Verley — IC Memo
PDF
Apr 2025
Verley — Due Diligence Report
PDF
Apr 2025

Superpower

Investment materials and company documentation for Superpower.

Loading company data...
Document
Type
Date
Superpower — IC Memo
PDF
Jun 2025
Superpower — Due Diligence Report
PDF
Jun 2025

Galaxy Fund I — Summary

Key characteristics and terms of Galaxy Fund I.

Structure
Fund StructureSCSp — EuVECA
Hard Cap€50M
Target Size€40M
Duration8 + 1 + 1 years
CurrencyEuro
Subscription Period18 months
Investment Period24 + 12 months
Max Companies12
Diversification15%
Equity OwnershipBelow 30%
Economics
Minimum Commitment€100,000
Payment Schedule3 × €33k annual
Management Fees2%
Hurdle1.5x multiple
Carried Interest20%
Catch-upFull
Recycling Clause100%
Fund Lead Commitment0.25%
Equalization Fee3% (waived 1st close)
Governance
AIFMRoundtable EuVECA
Key PersonsA. Heraud & F. Santi
Advisory CommitteeYes
ReportingAnnual + Semi-Annual
Co-InvestmentSystematic via SPV

Third Party Manager

ManagerRoundtable EuVECA Manager Lux S.à r.l.
JurisdictionLuxembourg
RegulatorCSSF (Commission de Surveillance du Secteur Financier)
RegistrationA3650
Regulatory BasisEU Regulation No 345/2013 (EuVECA)
Fund VehicleLuxembourg SCSp (special limited partnership)
RoleAIFM

First Closing

Target first closing at €10M. Early investors benefit from waived equalization fees.
Minimum commitment: €100,000, split into 3 annual capital calls.

June 30, 2026

Terms are indicative and subject to change. This does not constitute an offer to sell or a solicitation to invest.

Portfolio

EQNX existing portfolio — companies invested through single-asset SPVs. Galaxy Fund I may include follow-on investments alongside new opportunities.

Note: These companies were invested prior to Galaxy Fund I through individual SPVs managed by EQNX. The fund’s investment thesis, sector focus, and sourcing capabilities are directly demonstrated by this track record.
Loading portfolio data…

Preemptive Portfolio

Galaxy Fund I target pipeline — companies in advanced due diligence or with secured allocation.

Company Sector Transaction Co-Investors Geography
Sava HealthTech Series B
Primary
Belderton, Exor, Pentland, Norrsken 🇬🇧
Cure51 HealthTech Series B
Primary
Sofinnova Partners, LifeX Ventures 🇫🇷
Orasio Applied AI Series A+
Primary
First, Global Founders 🇩🇪
sanas HealthTech Series B
Secondary
Index, Quadrille 🇺🇸
superpower HealthTech Series B
Secondary
Longjourney, 8VC, Furunner 🇺🇸
RIOT Cyber Series B
Secondary
Left Lane, YCombinator 🇫🇷
wonderful Applied AI Series B
Secondary
Index, Bessemer, IVP 🇺🇸
Quandela DeepTech Series B
Primary
Index Ventures, White Star Capital 🇫🇷
altrove DeepTech Series B
Primary
Quantonation, Serena, Omnes 🇪🇺

Pipeline is indicative and subject to change. Inclusion does not guarantee investment.

Financial Reports

Galaxy Fund I valuations, capital activity, and audited financial statements.

Document
Type
Date
NAV Report — Q1 2026
XLSX
Mar 2026
Capital Call Notice #1
PDF
Feb 2026
Capital Call Notice #2
PDF
Mar 2026
Portfolio Valuation Summary
XLSX
Mar 2026

Quarterly Reports

Periodic LP updates including performance, portfolio developments, and outlook.

Document
Type
Date
Quarterly Report — Q4 2025
PDF
Jan 2026
Quarterly Report — Q1 2026
PDF
Apr 2026
Annual LP Meeting Deck 2025
PPTX
Dec 2025

Contacts & IR

Key contacts for investor relations and fund operations.

Carmen Linares
Vice President — Investor Relations
Alex Heraud
Partner
General Inquiries
Fund Access

EQNX
60 rue François 1er
75008 Paris, France

Access Management

Grant, manage and revoke data room access for investors and partners.

Grant New Access

Current Access List

Name Email Company Status Granted By Action
Loading...
Document

Express Investment Interest

Non-binding expression of interest for Galaxy Fund I.
Our Investor Relations team will follow up shortly.

Name
Email
Company / Family Office
Investment Amount Intention
€100K–250K
€250K–500K
€500K–1M
€1M–2M
€2M–5M
€5M+
Message (optional)