The landscape of participatory investment in France is undergoing a significant transformation with the rise of revenue sharing, a bold alternative to traditional venture capital. Unlike conventional models that rely on capital gains from a hypothetical exit, the erable° platform allows investors to receive a direct share of the revenue generated by the businesses they support. This mechanism, known as non-dilutive financing, enables companies to raise capital without sacrificing equity or burdening their balance sheets with restrictive bank loans, while offering contributors returns proportional to the actual economic health of the business.
Since its inception, the organization has posted strong growth indicators, totaling over 20 million euros in funds raised for 300 projects focused on ecological and social transition. With a community of 11,000 investors, the firm, led by Anaïs Bouchet and Yannis Baala, has strengthened its market position by integrating WE DO GOOD, a B Corp certified pioneer in the sector. This synergy combines technological expertise—including the use of blockchain tokens to automate financial flows—with a rigorous approach focused on mature companies in the real economy.
The stakes of this model are twofold: first, it provides welcome flexibility for companies, whose payments to investors automatically adjust based on their business cycle; second, it offers increased transparency for backers, who support tangible initiatives such as water recycling, sustainable equipment rentals, or electric vehicle maintenance. Success stories like that of Revolte illustrate this mechanic, where investors enjoyed strong returns directly correlated to the project's operational success over a specific period.
Despite the appeal of this participatory approach, it remains essential to remember that this form of investment carries inherent risks, as capital is not guaranteed. Performance depends exclusively on the commercial success of the selected projects, requiring constant vigilance and a diversification strategy. To meet this demand, erable° is now focusing on advanced automation in its selection process while deploying an open technological infrastructure that allows institutions or communities to build their own financing programs, marking a new milestone in the democratization of impact investing in France.