What: Odaseva, a Salesforce data management and backup platform.
Why: A complementary solution to Salesforce that allows businesses to back up, archive, and protect their data.
Funding: €50.5 million
Who: Co-founders Sovan Bin, Vincent Delamarre, Remy Claret, and Richard Zolezzi
Investors: Silver Lake Waterman, Eurazeo, Crescent Cove, F-Prime, Eight Roads, and Serena Capital
What's Next: The new funding will allow the company to expand its product offerings and expansion into new markets.
What: TRiCares, a French-German MedTech and developer of a catheter-based valve replacement system designed to treat tricuspid regurgitation.
Why: To treat Tricuspic Regurgitation (TR) with a minimally invasive procedure and without the need for open heart surgery. This implantation technique also allows the treatment of severely ill patients.
Funding: $50 million
Who: Ahmed Elmouelhi (CEO), Esther Gerteis (VP of regulatory affairs) Laura Gihone (COO) Investors: An undisclosed strategic investor previously (current Series D). The company's 2022 $55m (€51m) Series C round was financed by 415 Capital, Andera Partners, Bayern Kapital, BioMed Partners, Credit Mutuel Innovation, GOCapital, Karista & Wellington Partners.
What's Next: TRiCares recently secured an Investigational Device Exemption (IDE) for an EFS from the United States Food and Drug Administration (FDA). The study will commence in the coming months, with patients to be enrolled at up to 8 potential sites in the US and Canada, overseen by leading principal investigators Susheel Kodali, MD (NewYork-Presbyterian/Columbia University Irving Medical Center) and Gorav Ailawadi, MD (University of Michigan Health System).
What: Enerdigit, an electric load shedding and consumption monitoring solution.
Why: To facilitate the modernization of the electrical grid and the rise of the smart grid movement and analyze and control energy consumption in real-time for manufacturers.
Funding: €20 million
Who: Founder Bénédicte Pléau
Investors: Ring Capital, Bpifrance, and Océan Participations
What's Next: The new funding will allow the startup to develop a second activity: managing XXL batteries connected to the electrical grid. These batteries will store energy during low consumption periods and release it during peak consumption times. The first battery is already operational under the Cheviré bridge in Nantes.
What: Pixmania an electronic goods -commerce site turned marketplace for refurbished mobile phones
Why: To make the buying and selling of used mobile phones more simple, accessible, and responsible Sellers can trade in their old mobile phones and the price of the old phone is immediately deducted from the purchase of a new model.
Funding: €11.5m
Who: Co-founders Jean-Emile Rosenblum & Steve Rosenblum Investors: MACSF, Breega, Groupe Duval, and Business Angels
What's Next: The recently reborn startup plans to strengthen its position as a leader in the refurbished technology market by hiring new talents. Its target is to exceed 500,000 refurbished appliances by 2026, saving almost 12,000 tonnes of CO2.
What: Apiday, an ESG reporting and data management platform.
Why: To help companies and investment funds manage their ESG strategies.
Funding: €10 million
Who: Co-founders Edouard Audi & Charles Moury Investors: Daphni, Aenu, Swen Capital, Galion.exe, Speedinvest, and Revent
What's Next: The funding will allow the startup to enhance its technology and continue adapting its offering to meet the demands of Private Equity funds and mid-sized companies (ETIs), particularly in the context of the CSRD (Corporate Sustainability Reporting Directive).
What: iSYBUY, a SaaS startup that has developed a purchasing management platform for mid-sized companies.
Why: Efficient purchasing can be a competitive advantage, but mid-sized companies often find it expensive and time-consuming to digitize this process.
Funding: €10 million
Who: Founder and CEO Mélanie LehouxInvestors: Eiffel Investment Group, Swen Capital Partners, IRDI Capital Investissement, and Pro BTP Innovation
What's Next: The funds raised will enable the company to deploy a recruitment plan and accelerate its growth in France and abroad.
What: Nutriearth, a biotech specializing in the production of vitamin D3 using edible insects.
Why: To help seniors combat osteoporosis and muscle waste.
Funding: €8 million
Who: Co-founders Jérémy Defrize, Charles-Antoine Destailleur, and Thomas Dormigny
Investors: Demeter, NFA, Holding Serthi, Rev3 Capital, Captech Santé, Bpifrance, Crédit Agricole Nord France, and Région Haut-de-France
What's Next: The fresh cash will go towards supercharging Vitamin D3 production in the face of rising demand.
What: Cashbee, a personal savings and investment app.
Why: To respond ever more closely to the requirements of French savers and allow them to manage their finances directly from their smartphones.
Funding: €7.5 million
Who: Co-founders Cyril Garbois & Chaker NakhliInvestors: MIF, 115K, Banque Postale, My Money Bank, Business Angels
What's Next: The new cash will help fuel the fintech's sales and marketing and efforts to attract more French savers, individuals, and professionals, and allow them to provide more in-depth financial education to their users, by doubling the teams of advisers to help savers manage their personal finances.
What: Overseed Biotech, a medtech specialized in agronomic research and the development of cannabis (plantby) derived medicines.
Why: Within a strict pharmaceutical framework, France is preparing to authorize the use and health insurance coverage of medical cannabis in January 2025.
Funding: €6.7 million
Who: Hugues Péribère, CEO and founder of Overseed.Investors: Blast.Club & the seed capital fund of the Centre-Val de Loire region, managed by UI Investissement
What's Next: The company has already obtained the 1st French R&D authorization for the Cannabis sativa L and says it is 2-3 years ahead of competitors in terms of manufacturing expertise. The fundraise will allow the startup to go to market and offer high-volume production from day 1 just as soon as they receive clearance from the French authorities.
What: Scalingo, a French cloud-hosting platform.
Why: To provide a sovereign alternative to American cloud hosting solutions.
Funding: €3.5 million
Who: Co-founders Yann Klis and Léo UnbekandtInvestors: Side Angles, Cajuba, Neo Founders, Bpifrance, Caisse d'Epargne, and BNP Paribas
What's Next: The funding will allow Scalingo to integrate new cybersecurity features and increase its capacity to manage large data volumes necessary for AI projects. It will also enable the startup to hire 15 new employees.
