French Tech Funding Wire May 16: Tinubu Square, Orasio, Riverse & More!
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π Company: Tinubu Square
π Description: Leading expert in trade credit risk management, providing solutions for financial institutions and insurance companies.
π» Website: http://www.tinubu.com
π HQ City: Issy-les-Moulineaux
π§ Round: Growth Equity VC
π° Amount Raised: β¬40.91 million
π¦ Investors: Morgan Stanley Expansion Capital
π¨πΌπ©πΌ Founders: Jerome Peze, Olivier Placca
ποΈ News: Morgan Stanley, LinkedIn
π Company: Orasio
π Description: Develops AI-powered video analysis software to detect, alert, and provide actionable insights for cities, homeland security forces, and businesses.
π» Website: https://www.orasio.com/
π HQ City: Paris
π§ Round: Seed
π° Amount Raised: β¬16 million
π¦ Investors: Global Founders Capital, Frst Capital, Expeditions Fund
π¨πΌπ©πΌ Founders: Florian Fournier, Arnaud Delaunay, Fabio Gennari
ποΈ News: LinkedIn, Sifted
π Company: Riverse
π Description: Provider of a carbon credit certification platform tailored for industrial decarbonization projects, including biogas, equipment reconditioning, and bio-based construction materials.
π» Website: https://www.riverse.io
π HQ City: Paris
π§ Round: Seed
π° Amount Raised: β¬5 million
π¦ Investors: Alven, RacineΒ² (managed by Serena and Makesense), Speedinvest, Kfund
π¨βπΌ Founders: GrΓ©goire Guirauden, ClΓ©ment Georget, Ludovic Chatoux
ποΈ News: Maddyness
π Company: Plakar
π Description: Developer of an open-source backup and restore platform designed for AI and cloud-native workloads, offering deduplication, encryption, and structured data storage.
π» Website: https://plakar.io
π HQ City: Paris
π§ Round: Pre-Seed
π° Amount Raised: β¬2.67 million
π¦ Investors: Seedcamp, HelloWorld, IrregularExpression, Galion.exe, Kima Ventures, OPRTRS; angel investors including Olivier Pomel (Datadog), Solomon Hykes (Docker), and Alexandre Yazdi (Voodoo)
π¨βπΌ Founder: Julien Mangeard
ποΈ News: BusinessWire
π Company: Alta Ares
π Description: AI-driven drone detection solution enhancing operational efficiency in military and industrial sectors.
π» Website: http://altaares.com
π HQ City: Romainville
π§ Round: Seed
π° Amount Raised: β¬2 million
π¦ Investors: Kima Ventures, Starburst Accelerator, Better Angle, Expansion Ventures, Samuel Dralet, Apok Invest, Apeiron Venture Capital, Durandal Capital
π¨πΌπ©πΌ Founders: Hadrien Canter, Stanislas Walch, ThΓ©o Bondarec, Hadrien Bernard, Alain Henry
ποΈ News: FrenchWeb, Maddyness
π Company: Legapass
π Description: Secures the transmission of digital legacy, ensuring secure and encrypted transfer of digital assets.
π» Website: http://legapass.com
π HQ City: Nice
π§ Round: Early VC
π° Amount Raised: β¬1.2 million
π¦ Investors: Techmind VC, Adnexus
π¨πΌπ©πΌ Founders: Jean-Charles Chemin, Adelina Prokhorova
ποΈ News: Fintech Planet