French Tech Funding Wire July 25: MagREEsource, Elum Energy, Praysbee & More!
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📇 Company: MagREEsource
🔍 Description: Industrial deeptech startup developing low-carbon, high-performance permanent magnets from recycled rare earth materials. The company is building a sovereign, circular, and strategic European supply chain for magnet production, aiming to reduce reliance on Chinese rare earths.
💻 Website: https://www.magreesource.com
📍 HQ City: Noyarey, near Grenoble, France
🧗 Round: Growth / Industrial Scale-Up
💰 Amount Raised: €23 million
🏦 Investors: Bpifrance (Fonds SPI 2 under France 2030), FININDUS (ArcelorMittal & Région de Flandres), Innovacom, BNP Paribas Développement, C2AD, Fonds Régional Avenir Industrie Auvergne-Rhône-Alpes (via UI Investissement), FCPR Impact&Performance, Rhône Dauphiné Développement, strategic partners including L-Acoustics and Groupe Pochet, and private investors.
👨💼👩💼 Founders: Erick Petit, Sophie Rivoirard
🗞️ News: The funds will accelerate MagREEsource's plan to build a large-scale, sustainable magnet manufacturing plant ("MagFactory") with 1,000t annual capacity by 2028. This project has been labeled a “Strategic European Project” under the EU’s Critical Raw Materials Act. The company already operates a short-loop hydrogen-based recycling process in Noyarey and will now industrialize a new “Fusion short-loop” technology. | Le Dauphiné, Les Echos
📇 Company: Elum Energy
🔍 Description: Elum Energy develops energy management software that optimizes the operation of decentralized solar systems, hybrid systems, and microgrids for commercial and industrial use.
💻 Website: https://elum-energy.com
📍 HQ City: Paris, France
🧗 Round: Growth / Strategic Investment
💰 Amount Raised: €3.5 million
🏦 Investors: Île-de-France Decarbonation Fund (managed by UI Investissement)
👨💼👩💼 Founders: Antoine Joux, Mohamed Ben Abdelkrim
🗞️ News: Elum Energy raised €3.5M to accelerate the development of its EMS (Energy Management System) platform and expand its presence in emerging markets. The company already has a footprint in Africa, the Middle East, Latin America, and Southeast Asia, and this new funding will support its ambition to become a key player in global energy decentralization. Legal advice was provided by Orrick for Elum Energy and by Chammas & Marcheteau for the investor. | PR
📇 Company: Praysbee
🔍 Description: Praysbee develops an innovative, low-carbon smart spraying technology for vineyards that significantly reduces phytosanitary product use and environmental impact.
💻 Website: https://www.praysbee.com
📍 HQ City: Bordeaux, France
🧗 Round: Seed / Early Growth
💰 Amount Raised: €3 million
🏦 Investors: Demeter, NACO (Nouvelle-Aquitaine Co-Investissement Fund)
👨💼👩💼 Founders: Olivier Bonnefond
🗞️ News: Praysbee raised €3M to accelerate the deployment of its precision viticulture spraying technology. The funding will support commercial rollout and further R&D aimed at drastically reducing the environmental footprint of vineyard treatments. | PR
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📇 Company: Greenphage
🔍 Description: Greenphage develops natural antibacterial solutions using bacteriophages to combat bacterial contamination, with a focus on industrial applications such as anti-Escherichia coli treatments.
💻 Website: https://greenphage.com
📍 HQ City: Montpellier, France
🧗 Round: Seed
💰 Amount Raised: €1.9 million
🏦 Investors: IRDI Capital Investissement, SOFILARO / CALEN, Sud Mer Invest (Banque Populaire du Sud, GO CAPITAL), ENVIRONNEMENT MASSIF CENTRAL
👨💼👩💼 Founders: Denis COSTECHAREYRE, René BALLY
🗞️ News: Greenphage raised €1.9M to scale its bacteriophage-based antibacterial treatments, expand the number of industrial sites treated in 2025, and commission the first large-scale phage production facility in France. The total financing plan amounts to approximately €4M, including this equity round. | J'aime les startups
📇 Company: Austral Dx
🔍 Description: Austral Dx is a French medtech startup developing AI-powered acoustic diagnostic tools for non-invasive, rapid screening of pulmonary and cardiac conditions. Its handheld device captures body sounds to aid in early detection of illnesses such as COPD, asthma, and heart failure, with a focus on remote and resource-limited settings.
💻 Website: https://www.australdx.com
📍 HQ City: Marseille, France
🧗 Round: Seed
💰 Amount Raised: €1.2 million
🏦 Investors: Région Sud Investissement (managed by Turenne Groupe), Angels Santé, private investors
👨💼👩💼 Founders: Dr. Florent Baty
🗞️ News: This first funding round will enable Austral Dx to finalize its medical device certification and scale up clinical validation. The startup is positioning its tech as a lightweight alternative to stethoscopes and imaging, useful for both developed and underserved health systems. | Maddyness
📇 Company: OnParty
🔍 Description: OnParty is a French social event app designed to become the go-to social network for nightlife and memorable parties. The platform lets users discover, join, and organize parties, combining event listings with private social sharing features like guest lists, videos, and photo memories.
💻 Website: https://www.onparty.app
📍 HQ City: Paris, France
🧗 Round: Pre-Seed
💰 Amount Raised: €1M
🏦 Investors: Business angels including Roxanne Varza (Station F), Jean-Charles Samuelian-Werve (Alan), Daphné Parrot (ex-Fabernovel), and Thibaud Elzière (Hexa)
👨💼👩💼 Founders: Maxence Wargnier, Maxime Eyraud, Nicolas Cormouls-Houles, Jordan Cohen
🗞️ News: With over 40,000 app downloads since launching in April 2024, OnParty is gaining traction among Gen Z and students. The new funds will support further tech development, user acquisition, and a growing team, aiming to scale the platform across major French cities before expanding internationally. | Maddyness
📇 Company: Aircap
🔍 Description: Aircap is a fintech startup developing a platform to help CFOs and finance teams manage risk and cash flow for private assets, including venture capital and private equity portfolios. The solution provides real-time valuations, scenario modeling, and liquidity planning tools.
💻 Website: https://www.aircap.io
📍 HQ City: Paris, France
🧗 Round: Pre-Seed
💰 Amount Raised: €500K
🏦 Investors: Better Angle, Kima Ventures, and various angel investors
👨💼👩💼 Founders: Axel Dupuy, Clément Lahitette
🗞️ News: The funding will be used to enhance the platform’s analytics capabilities and expand its customer base among CFOs of tech companies and investment funds. The founders bring experience from Spendesk, Qonto, EY, and venture capital. | Tech.eu
📇 Company: DareWin Evolution
🔍 Description: DareWin Evolution is a French foodtech startup focused on developing science-driven, nutrition-forward food solutions to promote a healthier and more sustainable food system.
💻 Website: https://www.darewinevolution.com/
📍 HQ City: Villefranche-sur-Mer,
🧗 Round: Accelerator Program Participation
💰 Amount Raised: $200K
🏦 Investors: Big Idea Ventures (Global Food Innovation Fund II Accelerator)
👨💼👩💼 Founders: Hubert Bonnefond, Charlotte Gaviard
🗞️ News: DareWin Evolution has been selected to join the third cohort of Big Idea Ventures’ Global Food Innovation Accelerator. The company is supported by CNRS, Sorbonne Université, Inria Startup Studio, and Université Côte d'Azur as institutional partners. | Big Idea Ventures
📇 Company: Easy Cash
🔍 Description: Founded in 2001, Easy Cash is a leading French second-hand retail chain operating both online and through over 150 physical stores, including a strong franchising network. The company specializes in high-end and rigorously selected technical products such as smartphones, gaming consoles, IT equipment, luxury items, and vintage goods. It champions a responsible circular economy approach.
💻 Website: https://www.easycash.fr
📍 HQ City: Mérignac, France
🧗 Round: MBO (Management Buy-Out) / Growth Equity
💰 Amount Raised: Undisclosed
🏦 Investors: Ouest Croissance (reinvesting), Multicroissance, Océan Participations
👨💼👩💼 Founders: Jérôme Taufflieb, Frédéric Lesieur, Thierry Samson, Ludovic Glavier, Pascal Liaubet
🗞️ News: Easy Cash has brought in two new regional private equity firms—Multicroissance and Océan Participations—as part of a strategic growth initiative, while historic investor Ouest Croissance continues to support the company. Anne-Catherine Péchinot has been appointed President of the Group, with founder Jérôme Taufflieb stepping into a board advisory role. The executive team is increasing its capital stake, and the founders remain majority shareholders. The transaction is designed to accelerate store network expansion, digital growth, and new service offerings in a booming resale market. | LinkedIn
📇 Company: InBrain Pharma
🔍 Description: InBrain Pharma is a neurotech biotech startup pioneering circadian intracerebroventricular (i.c.v.) brain infusion therapies, specifically for advanced Parkinson’s disease. The company offers the world’s first personalized cerebral dopamine supplementation (A-dopamine), aiming to restore motor function by compensating for dopamine deficiency directly in the brain.
💻 Website: https://www.inbrainpharma.fr
📍 HQ City: Lille, France
🧗 Round: Strategic Investment / Pre-Phase III Financing
💰 Amount Raised: Undisclosed (equity investment from France Parkinson)
🏦 Investors: France Parkinson (non-profit)
👨💼👩💼 Founders: Prof. David Devos, Prof. Caroline Moreau
🗞️ News: France Parkinson has made an equity investment in InBrain Pharma to support the preparation of its pivotal Phase III trial. This comes after successful results from the DIVE-I study, published in Nature Medicine, and follows €1.8M raised in May 2025 under the France 2030 “First Factory” program. The company also received positive scientific advice from the EMA in July 2025. | LinkedIn