Our portfolio

We have made 40+ investments so far, including 16 with our Second Fund.

Optireno Back to Portfolio

Home energy improvements

Through its network of regional agencies, Optiréno is one of the first players in France to provide residential homeowners with a one-stop-shop for renovation services.

Optiréno is based in Lyon, France and was launched in 2009.

Why We invested

 Trend – In France, about 75% of the 18 million French houses are considered as energy inefficient. In addition, some additional market levers have been introduced through national energy efficiency policy to support the renovation market.In a deep energy inefficient home market, owners are getting more and more concerned by the energy bill they have to support while not being much aware of the very large set of solutions that are implementable for their specific home. Renovation market is thus turning into a simpler and easier whole-home approach where owners want to get a trustful partner to design and implement a dedicated renovation scheme. 

Strengths – Optireno has a seasoned team which has developed a new positioning for the company within the renovation market. The company offers a global-home and trustful one-stop approach enabling home and small building owners to implement easily energy focused solutions while improving living comfort.Optireno was a pioneer in one-stop energy efficiency renovation solution approach in France. The company has a global and affordable offer and has already a leading position in the geographies it covers. 

Development thesis – Aster Capital is helping Optireno to ramp from a seed stage regional development level to large scale in France with a unique and effective business model of value creation. Following Aster’s investment, which occurred a few months after the company span-out from Saint Gobain, Optireno has successfully managed to build its offer and deploy its market presence in two major region in France. The company has also been able to deliver a sharp growth in sales since its inception and is now turning into a global scale development.

Related news article

Optiréno annonce le rachat de Rénovert Sud Est et se positionne comme l’un des leaders du marché de la rénovation énergétique

10 March 2014

France (Lyon) - En rapprochant les deux précurseurs de la rénovation globale et énergétique en France, cette acquisition permet de consolider l’offre la plus complète et la plus maîtrisée du