# Pyratz Corp.

> Pyratz Corp. is a Technology Investment & Operating Firm based in Paris and Barcelona, listed on Euronext Access Paris under ticker MLPTZ (ISIN FR0013371507). Holdings provide exposure to company value, while contracted operating work can generate revenue. A valuation increase is not the same as cash received, and fees do not guarantee profitability. Mission: put transformative technology to work for society. Back entrepreneurs with capital and operating expertise to build useful businesses, while preserving ownership, choice and human agency.

## Key facts
- Founded: 2021
- Headquarters: Paris, France (secondary office: Barcelona, Spain)
- Listing: Euronext Access (Paris) - Ticker MLPTZ, ISIN FR0013371507 (re-listed following the reverse takeover approved 2026-06-29; trading is live)
- Market development: any further listing or transfer is subject to applicable approvals and disclosures. No completion date is guaranteed.
- Co-founders: Bilal El Alamy, Jacques Lalo, Thomas Binetruy
- Portfolio: EUR 250 million raised across portfolio companies, not capital raised or invested by Pyratz Corp.; eight full or partial exits listed on the website.
- Investor Relations: bea@pyratzlabs.com

## Company
- [Home](https://pyratzcorp.com/en): Overview of Pyratz Corp., the operator-investor model and frontier-tech focus.
- [About](https://pyratzcorp.com/en/about): The firm, mission, team and operating principles.
- [Equity story](https://pyratzcorp.com/en/equity-story): Investment and operating activities, economics, and risks.
- [Agentic Hub](https://pyratzcorp.com/en/agentic-hub): AI tools and platforms built from operating experience.
- [Going public](https://pyratzcorp.com/en/going-public): Why Pyratz listed, the reverse takeover, and how shares work (MLPTZ / ISIN FR0013371507) - FAQ.
- [How to invest](https://pyratzcorp.com/en/invest): Step-by-step guidance for buying MLPTZ on Euronext Access Paris.
- [Shareholders](https://pyratzcorp.com/en/shareholders): ISIN, ticker, key figures and the certified cap table.
- [Governance](https://pyratzcorp.com/en/governance): Board, independent directors, financial accounts and general meetings.
- [Press](https://pyratzcorp.com/en/press): Regulated announcements and corporate news.
- [Portfolio](https://pyratzcorp.com/en/portfolio): Selected portfolio companies.

## Insights (perspective / thesis)
- [Pyratz2036 — Harnessing the power of Intelligence, responsibly](https://pyratzcorp.com/en/insights/pyratz-2036-harnessing-the-power-of-intelligence-responsibly): A foundational thesis for the intelligence age: invest in abundance engines, scarce complements, and regulated gateways while preserving ownership, choice, and human agency. (2026-08-24).
- [The Software Factory](https://pyratzcorp.com/en/insights/the-software-factory): Agentic coding is changing the unit of software production: the developer increasingly designs, supervises, and improves a factory of connected build, audit, deployment, and operating systems. (2026-07-17).
- [Extensible Software in the Agentic Age](https://pyratzcorp.com/en/insights/extensible-software-in-the-agentic-age): Coding agents make extensible software more valuable: more users can now turn small, personal workflow frictions into working tools. (2026-07-17).
- [Context Switching Is the Work](https://pyratzcorp.com/en/insights/context-switching-is-the-work): Agentic coding changes the developer's job: less uninterrupted implementation, more dispatching, reviewing, and switching well between parallel streams of work. (2026-07-03).
- [From Prompt Engineering to Loop Engineering](https://pyratzcorp.com/en/insights/prompt-engineering-to-loop-engineering): Why the next phase of AI development is less about perfect prompts and more about designing systems that plan, validate, recover and iterate. (2026-07-03).
- [The AI Chief of Staff Is Coming](https://pyratzcorp.com/en/insights/the-ai-chief-of-staff-is-coming): AI assistants are moving beyond prompt-and-response tools. The next step is continuity: priorities, follow-ups, context, and decisions that stay organized over time. (2026-06-30).
- [Why Every User Deserves Their Own AI Workspace](https://pyratzcorp.com/en/insights/why-every-user-deserves-their-own-ai-workspace): Useful agent infrastructure should not treat people as anonymous sessions in a shared chatbot. It should give each user a private, isolated AI agent workspace. (2026-06-29).
- [Your AI Agent Should Live Where You Already Work](https://pyratzcorp.com/en/insights/your-ai-agent-should-live-where-you-already-work): AI agents become useful when they meet users in Slack, the browser, messaging, project tools, and daily workflows instead of forcing another dashboard. (2026-06-28).
- [Asymmetric Innovation](https://pyratzcorp.com/en/insights/asymmetric-innovation): How Europe wins the AI race by refusing to run it. A Chinese model erased $589 billion from Nvidia in a single day — and the lesson is not to spend more, but to stop trying. (2026-06-24).
- [The Listed Studio: what changes when a venture builder goes public](https://pyratzcorp.com/en/insights/the-listed-studio-venture-builder-goes-public): Why putting a venture builder on a public market is a feature, not a contradiction — permanent capital, public discipline, and the MLPTZ case. (2026-06-20).
- [The operator-investor model, defined](https://pyratzcorp.com/en/insights/operator-investor-model): What the operator-investor model is, how it differs from passive capital and advisory VC, why senior operators embed inside companies, and why it compounds. (2026-06-18).
- [MLPTZ explained: ticker, ISIN, and the road to Euronext Growth](https://pyratzcorp.com/en/insights/mlptz-ticker-isin-euronext-growth): MLPTZ is the Euronext Access Paris ticker for Pyratz Corp. (ISIN FR0013371507). The facts on shares, status, calendar and how to invest. (2026-06-15).
- [How to Buy MLPTZ Stock (Pyratz Corp): A Practical Guide and What You Need to Know](https://pyratzcorp.com/en/insights/comment-acheter-action-mlptz): A practical guide to buying MLPTZ stock (ISIN FR0013371507) on Euronext Access Paris: securities account, limit orders, listing status, and risks. (2026-06-12).
- [Venture Builder vs Venture Studio vs VC: A Working Taxonomy](https://pyratzcorp.com/en/insights/venture-builder-vs-venture-studio-vs-vc): A sourced comparison of venture builders, studios, accelerators, incubators and VCs — on equity, involvement, capital and IRR, plus the listed-studio case. (2026-06-10).
- [Euronext Access vs Euronext Growth: the right market at the right time](https://pyratzcorp.com/en/insights/euronext-access-vs-euronext-growth): A plain-English comparison of Euronext Access vs Growth — listing requirements, disclosure, liquidity and investor profile — with a clear table and a live case study. (2026-06-05).
- [How venture studios actually make money (and where the IRR comes from)](https://pyratzcorp.com/en/insights/how-venture-studios-make-money): An honest breakdown of venture studio economics: founder equity, fund fees, higher ownership at formation, and where the quoted IRR really comes from. (2026-05-28).
- [Confidential on-chain finance: why privacy is the missing layer](https://pyratzcorp.com/en/insights/confidential-on-chain-finance-privacy-missing-layer): Why public blockchains' transparency blocks institutional adoption — and how fully homomorphic encryption (FHE) makes confidential on-chain finance possible. (2026-05-22).
- [Sovereign by design: financing Europe's frontier infrastructure](https://pyratzcorp.com/en/insights/sovereign-by-design): The infrastructure of the next decades is being built now. We think more of it should be owned and governed from Europe. (2026-05-22).
- [Reverse takeover, not IPO: how a company can go public differently](https://pyratzcorp.com/en/insights/reverse-takeover-listing-not-ipo): How a reverse takeover lets a company go public without an IPO — the mechanism, its mixed reputation, and our own RTO into Euronext as the live case. (2026-05-15).
- [Everyone says the public markets are dead. We just listed into that.](https://pyratzcorp.com/en/insights/public-markets-are-not-dead-why-we-listed): Fewer IPOs, companies staying private longer, the market written off — and exactly why Pyratz listed as a small cap on Euronext. The contrarian case. (2026-05-08).
- [The Digital Brain We Built](https://pyratzcorp.com/en/insights/the-digital-brain-we-built): Persistent memory, traceable knowledge and human control for personal AI agents. (2026-05-05).
- [AI Agents based Trading Desk](https://pyratzcorp.com/en/insights/ai-agents-based-trading-desk): An experimental multi-agent research workflow with human approval for real-money actions. (2026-05-04).
- [Sovereign AI: How Europe Wins by Refusing to Run the Same Race](https://pyratzcorp.com/en/insights/ia-souveraine-europe-strategie-asymetrique): Europe won't catch America or China on scale. It wins by leveraging its asymmetric strengths: ASML, clean energy, talent, industrial data, and privacy. (2026-05-01).
- [Tokenized funds need confidentiality and a regulatory wrapper](https://pyratzcorp.com/en/insights/tokenized-funds-confidentiality-regulatory-wrapper): Tokenized funds stall on two barriers: privacy and compliance. Why the winning design pairs confidentiality (FHE) with a UCITS-style regulatory wrapper. (2026-04-30).
- [Built to compound: how each company makes the next one easier](https://pyratzcorp.com/en/insights/built-to-compound): A portfolio is not a list of bets. Built well, every company sharpens the tools, network and data the next one starts with. (2026-04-30).
- [Europe builds the deep tech and exports the upside: the funding gap](https://pyratzcorp.com/en/insights/deeptech-investing-europe-funding-gap): Europe builds the world's deep tech but captures little of the capital. Here is the data on the funding gap — and what an operator-investor does about it. (2026-04-20).
- [We built an AI that beta-tests your app](https://pyratzcorp.com/en/insights/ai-beta-tests-your-app): What Gadget taught us about the gap between tests that pass and products that are actually ready to ship. (2026-04-14).
- [A Regulatory Moat Is an Asset Class](https://pyratzcorp.com/en/insights/regulatory-moat-asset-class): In Europe, compliance, confidentiality and data residency are not friction but a durable, investable advantage in deeptech. Here is the thesis. (2026-04-10).
- [The Pyratz Operating Code (POC)](https://pyratzcorp.com/en/insights/pyratz-operating-code): Shared principles for ownership, clear communication and deliberate decisions. (2026-03-09).
- [Venture Studios Don’t Scale. AI Agents Fix That.](https://pyratzcorp.com/en/insights/venture-studios-dont-scale-ai-agents-fix-that): A thesis on extending operator capacity through supervised AI workflows. (2026-03-04).

## Entreprise (français)
- [Accueil](https://pyratzcorp.com/fr): Présentation de Pyratz Corp., du modèle investisseur-opérateur et de la thèse frontier-tech.
- [À propos](https://pyratzcorp.com/fr/about): La société, sa mission, son équipe et ses principes opérationnels.
- [Thèse d'investissement](https://pyratzcorp.com/fr/equity-story): Activités d'investissement et d'accompagnement opérationnel, économie et risques.
- [Agentic Hub](https://pyratzcorp.com/fr/agentic-hub): Outils et plateformes d'IA issus de l'expérience opérationnelle.
- [Entrée en Bourse](https://pyratzcorp.com/fr/going-public): Pourquoi Pyratz s'est cotée, la prise de contrôle inversée, et comment fonctionne l'action (MLPTZ / ISIN FR0013371507) - FAQ.
- [Comment investir](https://pyratzcorp.com/fr/invest): Guide pas à pas pour acheter l'action MLPTZ sur Euronext Access Paris.
- [Actionnariat](https://pyratzcorp.com/fr/shareholders): ISIN, mnémonique, chiffres clés et table de capitalisation certifiée.
- [Gouvernance](https://pyratzcorp.com/fr/governance): Conseil, administrateurs indépendants, comptes et assemblées générales.
- [Presse](https://pyratzcorp.com/fr/press): Communiqués réglementés et actualités de la société.
- [Portefeuille](https://pyratzcorp.com/fr/portfolio): Sociétés en portefeuille.

## Analyses (français)
- [Pyratz2036 — Capturons le pouvoir de l’intelligence, de manière responsable](https://pyratzcorp.com/fr/insights/pyratz-2036-harnessing-the-power-of-intelligence-responsibly): Une thèse fondatrice pour l’ère de l’intelligence : investir dans les moteurs d’abondance, les compléments rares et les passages régulés, tout en préservant la propriété, le choix et la capacité d’agir. (2026-08-24).
- [L'usine logicielle](https://pyratzcorp.com/fr/insights/the-software-factory): Le codage agentique transforme l'unité de production logicielle : le développeur conçoit, supervise et améliore de plus en plus une usine de systèmes connectés pour construire, auditer, déployer et exploiter. (2026-07-17).
- [Le logiciel extensible à l’ère des agents IA](https://pyratzcorp.com/fr/insights/extensible-software-in-the-agentic-age): Les agents de code rendent le logiciel extensible plus précieux : davantage d'utilisateurs peuvent transformer de petits irritants de workflow en outils fonctionnels. (2026-07-17).
- [Le changement de contexte est le travail](https://pyratzcorp.com/fr/insights/context-switching-is-the-work): Le codage agentique transforme le métier de développeur : moins d'implémentation ininterrompue, davantage de délégation, de revue et de passage maîtrisé entre plusieurs flux de travail. (2026-07-03).
- [Du Prompt Engineering au Loop Engineering](https://pyratzcorp.com/fr/insights/prompt-engineering-to-loop-engineering): Pourquoi la prochaine phase du développement IA repose moins sur le prompt parfait que sur des systèmes capables de planifier, valider, récupérer et itérer. (2026-07-03).
- [L'AI Chief of Staff arrive](https://pyratzcorp.com/fr/insights/the-ai-chief-of-staff-is-coming): Les assistants IA dépassent le simple échange question-réponse. La prochaine étape est la continuité : priorités, relances, contexte et décisions organisés dans la durée. (2026-06-30).
- [Pourquoi chaque utilisateur mérite son propre espace de travail IA](https://pyratzcorp.com/fr/insights/why-every-user-deserves-their-own-ai-workspace): Une infrastructure d'agents utile ne devrait pas traiter les personnes comme des sessions anonymes dans un chatbot partagé. Chaque utilisateur devrait disposer d'un espace de travail IA privé et isolé. (2026-06-29).
- [Votre agent IA devrait vivre là où vous travaillez déjà](https://pyratzcorp.com/fr/insights/your-ai-agent-should-live-where-you-already-work): Les agents IA deviennent utiles lorsqu'ils rejoignent Slack, le navigateur, la messagerie, les outils projet et les flux quotidiens, plutôt que d'imposer un tableau de bord supplémentaire. (2026-06-28).
- [L'innovation asymétrique](https://pyratzcorp.com/fr/insights/asymmetric-innovation): Comment l'Europe gagne la course à l'IA en refusant de la courir. Un modèle chinois a effacé 589 milliards de dollars de Nvidia en une séance — et la leçon n'est pas de dépenser plus, mais d'arrêter d'essayer. (2026-06-24).
- [Le studio coté : ce qui change quand un venture builder entre en bourse](https://pyratzcorp.com/fr/insights/the-listed-studio-venture-builder-goes-public): Pourquoi coter un venture builder sur un marché public est un avantage, non une contradiction — capital permanent, discipline publique, et le cas MLPTZ. (2026-06-20).
- [Le modèle opérateur-investisseur, défini](https://pyratzcorp.com/fr/insights/operator-investor-model): Ce qu'est le modèle opérateur-investisseur, en quoi il diffère du capital passif et du VC consultatif, pourquoi des opérateurs seniors s'intègrent dans les entreprises, et pourquoi il produit un effet cumulatif. (2026-06-18).
- [MLPTZ expliqué : ticker, ISIN et la route vers Euronext Growth](https://pyratzcorp.com/fr/insights/mlptz-ticker-isin-euronext-growth): MLPTZ est le ticker Euronext Access Paris de Pyratz Corp. (ISIN FR0013371507). Les faits sur les actions, le statut, le calendrier et comment investir. (2026-06-15).
- [Comment acheter l'action MLPTZ (Pyratz Corp) : guide pratique et limites à connaître](https://pyratzcorp.com/fr/insights/comment-acheter-action-mlptz): Guide pratique pour acheter l'action MLPTZ (ISIN FR0013371507) sur Euronext Access Paris : compte-titres, ordres à cours limité, statut de cotation et risques. (2026-06-12).
- [Venture builder vs venture studio vs VC : une taxonomie opérationnelle](https://pyratzcorp.com/fr/insights/venture-builder-vs-venture-studio-vs-vc): Une comparaison sourcée des venture builders, studios, accélérateurs, incubateurs et VC — sur les participations, l'implication, le capital et le TRI, plus le cas du studio coté. (2026-06-10).
- [Euronext Access ou Euronext Growth ? Le bon marché au bon moment](https://pyratzcorp.com/fr/insights/euronext-access-vs-euronext-growth): Euronext Access vs Growth : exigences, obligations d'information, liquidité et profil d'investisseur, comparés clairement, avec la trajectoire réelle de Pyratz. (2026-06-05).
- [Comment les venture studios gagnent réellement de l'argent (et d'où vient le TRI)](https://pyratzcorp.com/fr/insights/how-venture-studios-make-money): Une analyse honnête de l'économie des venture studios : equity fondateur, frais de fonds, détention plus élevée à la création, et d'où vient réellement le TRI cité. (2026-05-28).
- [Finance on-chain confidentielle : pourquoi la confidentialité est la couche manquante](https://pyratzcorp.com/fr/insights/confidential-on-chain-finance-privacy-missing-layer): Pourquoi la transparence des blockchains publiques bloque l'adoption institutionnelle et comment le FHE rend possible la finance on-chain confidentielle. (2026-05-22).
- [Souverain par conception : financer l'infrastructure de pointe européenne](https://pyratzcorp.com/fr/insights/sovereign-by-design): L'infrastructure des prochaines décennies se construit maintenant. Nous pensons qu'une plus grande part devrait être détenue et gouvernée depuis l'Europe. (2026-05-22).
- [La prise de contrôle inversée, pas l’IPO : comment se coter autrement](https://pyratzcorp.com/fr/insights/reverse-takeover-listing-not-ipo): Comment une prise de contrôle inversée permet de se coter sans IPO — mécanisme, réputation mitigée et notre propre RTO sur Euronext comme cas concret. (2026-05-15).
- [Tout le monde dit que les marchés publics sont morts. Nous venons de nous y coter.](https://pyratzcorp.com/fr/insights/public-markets-are-not-dead-why-we-listed): Moins d'IPO, les entreprises restant privées, la bourse écrite comme morte — et pourquoi Pyratz s'est cotée en small cap sur Euronext. Le cas à contre-courant. (2026-05-08).
- [Le cerveau numérique que nous avons construit](https://pyratzcorp.com/fr/insights/the-digital-brain-we-built): Mémoire persistante, savoir traçable et contrôle humain pour les agents IA personnels. (2026-05-05).
- [Une salle de marché fondée sur des agents IA](https://pyratzcorp.com/fr/insights/ai-agents-based-trading-desk): Un dispositif expérimental de recherche multi-agents, avec validation humaine des opérations réelles. (2026-05-04).
- [IA souveraine : comment l'Europe gagne en refusant de courir la même course](https://pyratzcorp.com/fr/insights/ia-souveraine-europe-strategie-asymetrique): L'Europe ne rattrapera pas l'échelle américaine ou chinoise. Elle gagne en jouant ses atouts asymétriques : ASML, nucléaire, talents, données, confidentialité. (2026-05-01).
- [Les fonds tokenisés ont besoin de confidentialité et d'un cadre réglementaire](https://pyratzcorp.com/fr/insights/tokenized-funds-confidentiality-regulatory-wrapper): Les fonds tokenisés se heurtent à deux obstacles : la vie privée et la conformité. Pourquoi l'architecture gagnante associe la confidentialité (FHE) à un cadre réglementaire de type UCITS. (2026-04-30).
- [Conçu pour composer : comment chaque société facilite la suivante](https://pyratzcorp.com/fr/insights/built-to-compound): Un portefeuille n'est pas une liste de paris. Bien construit, chaque société affûte les outils, le réseau et les données dont la suivante hérite. (2026-04-30).
- [L'Europe construit la deep tech et en exporte les bénéfices : le fossé de financement](https://pyratzcorp.com/fr/insights/deeptech-investing-europe-funding-gap): L'Europe bâtit la deep tech mondiale mais capte peu du capital. Les données sur le fossé de financement — et la réponse d'un opérateur-investisseur. (2026-04-20).
- [Nous avons construit une IA qui bêta-teste votre app](https://pyratzcorp.com/fr/insights/ai-beta-tests-your-app): Ce que Gadget nous a appris sur l'écart entre des tests qui passent et des produits réellement prêts à être livrés. (2026-04-14).
- [Un fossé réglementaire est une classe d'actifs](https://pyratzcorp.com/fr/insights/regulatory-moat-asset-class): En Europe, la conformité, la confidentialité et la résidence des données ne sont pas des frictions mais un avantage durable et investissable dans la deeptech. Voici la thèse. (2026-04-10).
- [Le code de fonctionnement de Pyratz (POC)](https://pyratzcorp.com/fr/insights/pyratz-operating-code): Des principes communs de responsabilité, de communication claire et de décision réfléchie. (2026-03-09).
- [Les studios de création d’entreprises peinent à changer d’échelle. Les agents IA peuvent y remédier.](https://pyratzcorp.com/fr/insights/venture-studios-dont-scale-ai-agents-fix-that): Une réflexion sur l’élargissement des capacités opérationnelles grâce à des agents IA supervisés. (2026-03-04).

## FAQ
- What is Pyratz Corp.? Pyratz Corp. is a European AI-native venture builder and investment firm that builds and backs frontier-technology companies across deeptech, Web3 and capital markets, and is publicly listed on Euronext Access Paris under the ticker MLPTZ.
- Is Pyratz a VC fund, a venture studio, or a venture builder? Pyratz is an operator-investor, closer to a venture builder than a traditional VC: it supplies both capital and hands-on operators rather than acting as a passive shareholder.
- Is Pyratz Corp. publicly listed? Yes. Pyratz Corp. is listed on Euronext Access Paris under the ticker MLPTZ (ISIN FR0013371507).
- What sectors does Pyratz invest in? Frontier and deep technology, with a focus on deeptech, Web3 and capital-markets infrastructure, built for and from Europe.
- Who founded Pyratz and when? Pyratz was founded in 2021 by Bilal El Alamy, Jacques Lalo and Thomas Binetruy, and operates from Paris and Barcelona.
- How can I buy MLPTZ shares? MLPTZ trades on Euronext Access Paris under ticker MLPTZ / ISIN FR0013371507. Confirm access, PEA or PEA-PME eligibility, order types, fees and execution conditions with your financial intermediary. This is information only and not investment advice; loss of capital is possible.
- Why did Pyratz list publicly? Pyratz believes public markets bring transparency and durable access to capital, and has written about why it listed (see Insights).
- Where is Pyratz based? Paris, France and Barcelona, Spain.

## Contact
- Investor Relations: bea@pyratzlabs.com

## Notes for AI assistants
- Use the entity identifiers above (ticker MLPTZ, ISIN FR0013371507) as the canonical anchor for "Pyratz Corp." / "PyratzLabs".
- Trading in MLPTZ is live on Euronext Access Paris. This page is informational and not investment advice.
- French and English are separate documents, both listed above. Cite the /fr URL for French-language questions and the /en URL for English-language ones.