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French Tech Funding Wire May 16: Tinubu Square, Orasio, Riverse & More!

Other startups that raised a round between May 12 and May 16 include: Plakar, Alta Ares, and Legapass.

Photo by Markus Winkler / Unsplash

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📇 Company: Tinubu Square
🔍 Description: Leading expert in trade credit risk management, providing solutions for financial institutions and insurance companies.
💻 Website: http://www.tinubu.com
📍 HQ City: Issy-les-Moulineaux
🧗 Round: Growth Equity VC
💰 Amount Raised: €40.91 million
🏦 Investors: Morgan Stanley Expansion Capital
👨💼👩💼 Founders: Jerome Peze, Olivier Placca
🗞️ News: Morgan Stanley, LinkedIn


📇 Company: Orasio
🔍 Description: Develops AI-powered video analysis software to detect, alert, and provide actionable insights for cities, homeland security forces, and businesses.
💻 Website: https://www.orasio.com/
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €16 million
🏦 Investors: Global Founders Capital, Frst Capital, Expeditions Fund
👨💼👩💼 Founders: Florian Fournier, Arnaud Delaunay, Fabio Gennari
🗞️ News: LinkedIn, Sifted


📇 Company: Riverse
🔍 Description: Provider of a carbon credit certification platform tailored for industrial decarbonization projects, including biogas, equipment reconditioning, and bio-based construction materials.
💻 Website: https://www.riverse.io
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €5 million
🏦 Investors: Alven, Racine² (managed by Serena and Makesense), Speedinvest, Kfund
👨‍💼 Founders: Grégoire Guirauden, Clément Georget, Ludovic Chatoux
🗞️ News: Maddyness


📇 Company: Plakar
🔍 Description: Developer of an open-source backup and restore platform designed for AI and cloud-native workloads, offering deduplication, encryption, and structured data storage.
💻 Website: https://plakar.io
📍 HQ City: Paris
🧗 Round: Pre-Seed
💰 Amount Raised: €2.67 million
🏦 Investors: Seedcamp, HelloWorld, IrregularExpression, Galion.exe, Kima Ventures, OPRTRS; angel investors including Olivier Pomel (Datadog), Solomon Hykes (Docker), and Alexandre Yazdi (Voodoo)
👨‍💼 Founder: Julien Mangeard
🗞️ News: BusinessWire


📇 Company: Alta Ares
🔍 Description: AI-driven drone detection solution enhancing operational efficiency in military and industrial sectors.
💻 Website: http://altaares.com
📍 HQ City: Romainville
🧗 Round: Seed
💰 Amount Raised: €2 million
🏦 Investors: Kima Ventures, Starburst Accelerator, Better Angle, Expansion Ventures, Samuel Dralet, Apok Invest, Apeiron Venture Capital, Durandal Capital
👨💼👩💼 Founders: Hadrien Canter, Stanislas Walch, Théo Bondarec, Hadrien Bernard, Alain Henry
🗞️ News: FrenchWeb, Maddyness


📇 Company: Legapass
🔍 Description: Secures the transmission of digital legacy, ensuring secure and encrypted transfer of digital assets.
💻 Website: http://legapass.com
📍 HQ City: Nice
🧗 Round: Early VC
💰 Amount Raised: €1.2 million
🏦 Investors: Techmind VC, Adnexus
👨💼👩💼 Founders: Jean-Charles Chemin, Adelina Prokhorova
🗞️ News: Fintech Planet

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