What: Morpho, a developer of an open decentralized platform that allows anyone to earn yield, borrow assets, curate markets and vaults, and build lending applications.
Why: To earn yield and reduce borrowing costs for users while making financial infrastructure a public good and bringing Decentralized Finance (DeFi) to mainstream consumers.
Funding: €46.15 million
Who: Co-Founders Paul Frambot, Merlin Egalite & Julien Thomas
Investors: Ribbit Capital and over 40 other strategic non-equity partners that have invested in Morpho tokens including a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures.
What's next: The funding will allow Morpho to fuel the growth and decentralization of its network while benefiting from the expertise and resources of a long list of industry leaders who share its vision of building finance like the early internet–via layered, open protocols.
What: Calyxia, a producer of eco-engineered biodegradable microcapsules and microparticles for use in Consumer Goods.
Why: To build an advanced and sustainable future for the chemical industry by providing leading manufacturers with innovative microcapsules that contain, protect, and deliver valuable chemical and biological ingredients.
Funding: €31.6 million
Who: Co-Founders Jamie Walters, Damien Demoulin, David A Weitz, and Jerome Bibette.
Investors: Lombard Odier IM, Bpifrance
What's next: The new capital will enable Calyxia to achieve profitability, deploy globally its innovative manufacturing technology, and establish itself as the leader in a market exceeding $10 billion by 2030.
What: WattAlps, a producer of lithium-ion, immersion-cooled batteries, for heavy-duty vehicles and equipment.
Why: To provide batteries with improved performance, longevity, and safety.
Funding: €11 million
Who: Co-Founders Matthieu Desbois-Renaudin, Manuel Ronco, Jean-Noël Carminati
Investors: Supernova Invest, Move Energy, Ring Capital, Casra Capital, EIT InnoEnergy, Eximium, EIC Fund
What's next: The new money will go towards improving the startup's modular and high-performance lithium-ion batteries, expanding its product range to address additional market needs, and expanding into Northern Europe.
What: Sekai, a developer of mobile applications based on the world of manga.
Why: To create the next great entertainment experience for anime fans around the world.
Funding: €10 million
Who: Co-Founders Samy Therain, Landy Therlonge, Augustin Gaillot,
Investors: Skycatcher, Makers Fund, 776, New Wave, Cygni, Motier Ventures, Kima and several Business Angels
What's next: With this partnership and the strong support of its investors, Sekai says it is poised to revolutionize the way anime is experienced by fans around the world.
What: Entalpic, a generative AI platform for the detection of molecules and materials for the chemical industry
Why: To replace outdated industrial chemical processes and develop new solutions notably in the energy storage, fertilizer production, and pollution control sectors.
Funding: €8.5 million
Who: Co-Founders Mathieu Galtier, Victor Schmidt, Alexandre Duval
Investors: Breega, Cathay Innovation, Felicis
What's next: Already present in France, Germany & Canada, the funding will go towards powering the ML startup's next phase of growth by forging partnerships with key industry players and expanding into the US and Asia markets.
What: Sirfull, a software publisher specializing in industrial equipment for the tracking of the construction and in-service monitoring of pressure vessels and piping.
Why: To meet the specific needs of the welding, inspection, and industrial maintenance sectors.
Funding: €6 million
Who: Co-Founders Jean-Claude Lambolez et Matthieu Gonzalez
Investors: Innovacom, Demeter, Wille Finance AG
What's next: the new money will go towards expanding its solutions across Europe by recruiting sales teams in Germany, the United Kingdom, Italy, and Spain.
