The questions we get asked.

Three fields: cybersecurity and digital trust, artificial intelligence applied to business processes, and industrial and retail operations. What they share is not the sector but the kind of software: the kind that has to convince an organisation, not an end user.

Yes. It is our first field, and the only one we operate in directly, through Purcept and Mindlapse. Cybersecurity is simply no longer the limit of our scope: it is where we prove every week that our investment filter works.

Consumer and B2C, marketplaces, crypto, long-cycle hardware, biotech and video games. The rule fits on one line: if the buyer is the end user, we bring nothing beyond capital, and capital alone is not what we sell.

Technical teams addressing a business problem that is already budgeted, however badly, with a defensible advantage and a long-term vision. We favour technical founders at the very first round.

We invest at pre-seed, as a Business Angel. This is the stage where capital, network and counsel have the strongest leverage on a company's trajectory.

Both. We invest at pre-seed as a Business Angel, and also sit on Advisory Boards without taking equity when operational guidance makes more sense: strategy, sales, communication.

Menlo Capital is a SAS based in Lille, in the Hauts-de-France region, founded in 2025. We invest and advise across France and Europe.

Menlo Capital is the holding company of Purcept (purcept.fr), a cybersecurity consulting firm. Menlo is also one of the three co-founders of Mindlapse (mindlapse.ai), an AI-native cyber governance platform, in which it holds a stake. These two companies are our field: they put us in front of executives who buy, every week, and that is where our investment filter comes from.

Easiest: by email or via the contact form. We respond within a few business days.