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

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πŸ“‡ Company: Tinubu Square
πŸ” Description: Leading expert in trade credit risk management, providing solutions for financial institutions and insurance companies.
πŸ’» Website: http://www.tinubu.com
πŸ“ HQ City: Issy-les-Moulineaux
πŸ§— Round: Growth Equity VC
πŸ’° Amount Raised: €40.91 million
🏦 Investors: Morgan Stanley Expansion Capital
πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό Founders: Jerome Peze, Olivier Placca
πŸ—žοΈ News: Morgan Stanley, LinkedIn


πŸ“‡ Company: Orasio
πŸ” Description: Develops AI-powered video analysis software to detect, alert, and provide actionable insights for cities, homeland security forces, and businesses.
πŸ’» Website: https://www.orasio.com/
πŸ“ HQ City: Paris
πŸ§— Round: Seed
πŸ’° Amount Raised: €16 million
🏦 Investors: Global Founders Capital, Frst Capital, Expeditions Fund
πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό Founders: Florian Fournier, Arnaud Delaunay, Fabio Gennari
πŸ—žοΈ News: LinkedIn, Sifted


πŸ“‡ Company: Riverse
πŸ” Description: Provider of a carbon credit certification platform tailored for industrial decarbonization projects, including biogas, equipment reconditioning, and bio-based construction materials.
πŸ’» Website: https://www.riverse.io
πŸ“ HQ City: Paris
πŸ§— Round: Seed
πŸ’° Amount Raised: €5 million
🏦 Investors: Alven, Racine² (managed by Serena and Makesense), Speedinvest, Kfund
πŸ‘¨β€πŸ’Ό Founders: GrΓ©goire Guirauden, ClΓ©ment Georget, Ludovic Chatoux
πŸ—žοΈ News: Maddyness


πŸ“‡ Company: Plakar
πŸ” Description: Developer of an open-source backup and restore platform designed for AI and cloud-native workloads, offering deduplication, encryption, and structured data storage.
πŸ’» Website: https://plakar.io
πŸ“ HQ City: Paris
πŸ§— Round: Pre-Seed
πŸ’° 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)
πŸ‘¨β€πŸ’Ό Founder: Julien Mangeard
πŸ—žοΈ News: BusinessWire


πŸ“‡ Company: Alta Ares
πŸ” Description: AI-driven drone detection solution enhancing operational efficiency in military and industrial sectors.
πŸ’» Website: http://altaares.com
πŸ“ HQ City: Romainville
πŸ§— Round: Seed
πŸ’° Amount Raised: €2 million
🏦 Investors: Kima Ventures, Starburst Accelerator, Better Angle, Expansion Ventures, Samuel Dralet, Apok Invest, Apeiron Venture Capital, Durandal Capital
πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό Founders: Hadrien Canter, Stanislas Walch, ThΓ©o Bondarec, Hadrien Bernard, Alain Henry
πŸ—žοΈ News: FrenchWeb, Maddyness


πŸ“‡ Company: Legapass
πŸ” Description: Secures the transmission of digital legacy, ensuring secure and encrypted transfer of digital assets.
πŸ’» Website: http://legapass.com
πŸ“ HQ City: Nice
πŸ§— Round: Early VC
πŸ’° Amount Raised: €1.2 million
🏦 Investors: Techmind VC, Adnexus
πŸ‘¨πŸ’ΌπŸ‘©πŸ’Ό Founders: Jean-Charles Chemin, Adelina Prokhorova
πŸ—žοΈ News: Fintech Planet