French Tech Funding Wire September 12: Mistral AI, Cailabs, Heetch & More!
🔥🔥🔥🔥
📇 Company: Mistral AI
🔍 Description: Developing the best generative AI models
💻 Website: mistral.ai
📍 HQ City: Paris
🧗 Round: Series C
💰 Amount Raised: €1,818.18M
🏦 Investors: Index Ventures; Lightspeed Venture Partners; General Catalyst; ASML; Bpifrance; Andreessen Horowitz; DST Global; Nvidia
👨💼👩💼 Founders: Guillaume Lample; Timothée Lacroix; Arthur Mensch
🗞️ News: Reuters
📇 Company: Cailabs
🔍 Description: Deep-tech specialist in advanced photonics, Cailabs designs laser communication solutions and optical ground stations for the space, defense, telecom, and industrial sectors.
💻 Website: www.cailabs.com
📍 HQ City: Rennes, France
🧗 Round: Growth
💰 Amount Raised: €57 million
🏦 Investors: European Investment Bank (EIB), Definvest & Defense Innovation Fund (French Ministry of Armed Forces & Bpifrance), NewSpace Capital, European Innovation Council Fund (EIC Fund), Starquest Capital, CAIVE (Crédit Agricole Ille-et-Vilaine Expansion)
👨💼👩💼 Founders: Jean-François Morizur (co-founder & CEO)
🗞️ News: The funding will enable Cailabs to scale its production to 50 optical ground stations per year by 2027, accelerate international expansion (with a stronger U.S. presence), and develop next-generation turnkey laser communication systems, including portable optical ground stations and orbital solutions. | Bpifrance
📇 Company: Heetch
🔍 Description: Ride-sharing app targeted at late night transportation seekers in France
💻 Website: heetch.com
📍 HQ City: Paris
🧗 Round: Series B
💰 Amount Raised: €58.36M
🏦 Investors: Kima Ventures; Aster Capital
👨💼👩💼 Founders: Mathieu Jacob; Nicolas Lapomarda; Aylic Petit
🗞️ News: Heetch wants to strengthen its position in the ride-sharing market with a focus on late-night urban mobility. The company will use the funds to expand across France and French-speaking Africa, improve its technology platform, and recruit new drivers to meet growing demand. The strategy is to differentiate itself from larger rivals by targeting underserved night-time riders and building a loyal community of drivers and passengers. | Cathay Capital, Medium
Want to reach an audience of more than 30,000 readers each month? The French Tech Journal is the leading English-language media platform covering France's dynamic tech ecosystem. With 31,000 + engaged readers across key global markets and consistently high engagement rates, our sponsorships provide unparalleled access to decision-makers in French tech.
📇 Company: Scintil Photonics
🔍 Description: A fabless company that develops silicon photonic integrated circuits by combining Silicon and Indium Phosphide materials through wafer-scale bonding
💻 Website: scintil-photonics.com
📍 HQ City: Grenoble
🧗 Round: Series B
💰 Amount Raised: €50.00M
🏦 Investors: Bpifrance; Innovacom; Nvidia; Bosch Ventures; NGP Capital; Applied Ventures; Supernova Invest; BNP Paribas Développement; Yotta Capital Partners
👨💼👩💼 Founders: Sylvie Menezo; Pascal Langlois
🗞️ News: The fuding will be used to to ramp up production of its LEAF Light™ integrated photonics chip for AI data centers. The company will use the capital to accelerate manufacturing, expand globally—particularly in the U.S.—and grow its workforce. Its SHIP™ platform aims to deliver more energy-efficient, high-density optical systems that cut costs and carbon footprints for hyperscale AI infrastructure. | PR
📇 Company: NeoFarm
🔍 Description: Enables new agricultural practices that meet farmers’ needs and respect the environment thanks to powerful robotic and software solutions
💻 Website: neo.farm
📍 HQ City: Saint-Nom-la-Bretèche
🧗 Round: Series B
💰 Amount Raised: €30.00M
🏦 Investors: Bpifrance; Eurazeo; ADEME Investissement; Cléry
👨💼👩💼 Founders: Alexia Rey; Olivier Le Blainvaux; Yves Matton
🗞️ News: The money will be used to scale up its model of automated organic vegetable farms. It will build its first large farm in Lisses, Essonne (25 hectares in total, 10 ha under greenhouse with robotic tools), with capacity to produce ~1,300 tonnes/year, and aims to replicate more than 25 such farms by the end of 2030. | IGrowNews
📇 Company: SafeHeal
🔍 Description: Devicemaker that specializes in digestive surgery
💻 Website: safeheal.com
📍 HQ City: Paris
🧗 Round: Series C
💰 Amount Raised: €10.00M
🏦 Investors: Sofinnova Partners; Asabys Partners; Polis; M&L Healthcare Investments; Gideon Strategic Partners
👨💼👩💼 Founders: Anne Osdoit
🗞️ News: SafeHeal will further accelerate its pivotal FDA IDE study and support the planned commercial launch of its Colovac device in the EU. Colovac is designed to act as a reversible bypass system to avoid temporary diverting ostomy in most colorectal cancer surgeries, improving patient recovery and quality of life. | PR
📇 Company: Dianosic
🔍 Description: Clinical-stage biotech pioneering drug delivery solutions for chronic respiratory diseases (allergic rhinitis, chronic rhinosinusitis) and central nervous system (CNS) disorders, based on its proprietary intranasal bioresorbable insert technology.
💻 Website: www.dianosic.com
📍 HQ City: Strasbourg, France
🧗 Round: Equity financing round
💰 Amount Raised: €7 million
🏦 Investors: Aptar (lead), Noshaq, Capital Grand Est, Finovam Gestion
👨💼👩💼 Founders: Philippe Bastide (CEO & co-founder), Marc Augustin (President & co-founder), Prof. Christian Debry (co-founder, Strasbourg University Hospital)
🗞️ News: The funding will advance Dianosic’s clinical programs for chronic respiratory diseases, support R&D in Nose-to-Brain drug delivery for neurological disorders, and establish an affiliate in Liège, Belgium, to focus on this emerging therapeutic area. | LinkedIn
📇 Company: Nucleon Security
🔍 Description: Endpoint Security & Vulnerability Management
💻 Website: nucleon-security.com
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €3.00M
🏦 Investors: Orange Ventures; Newfund; LoftyInc Capital; CDG Invest; AXIAN
👨💼👩💼 Founders: Anas C
🗞️ News: The €3M funding will allow Nucleon Security to industrialize its agentic AI technology across all its solutions and accelerate its commercial expansion in Europe and Africa. | Globalsecuritymag
📇 Company: Nepsis Energy
🔍 Description: A fintech simplifying energy-transition financing for French SMEs and mid-caps by automating project analysis and structuring of applications, easing the financial and technical burden of decarbonization.
💻 Website: https://nepsis.co/
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €3.5 million
🏦 Investors: Bpifrance (via its Digital Venture fund), AFI Ventures, Hoji Ventures, 50 Partners, Ring Capital
👨💼👩💼 Founders: Constantin Wolfrom
🗞️ News: The funds will be used to recruit technical, data, and project talent; automate processing for hundreds of projects; finalize deployment of its AI scoring and structuring solution; reach profitability; and finance €100 million worth of energy-transition projects by end-2026. | Bpifrance
📇 Company: Gobano Robotics
🔍 Description: French robotics AI startup leveraging imitation learning and reinforcement learning to make robots more adaptable and capable of performing complex tasks, moving beyond traditional rigid programming.
💻 Website: gobano.ai
📍 HQ City: Boulogne-Billancourt
🧗 Round: Pre-seed
💰 Amount Raised: €3 million
🏦 Investors: Axeleo Capital, Bpifrance, Polytechnique Ventures, Kima Ventures, Motier Ventures, Plug and Play Ventures
👨💼👩💼 Founders: Ziad Khoury (ex-founder of Padam Mobility, acquired by Siemens Mobility), Roch Molléro (PhD in AI, ex-Wandercraft)
🗞️ News: The funding will support R&D on Gobano’s software layer for robotic arms, with the goal of enabling them to perform variable, complex tasks such as sorting, assembly, and screwing—paving the way for more versatile automation in factories and warehouses. | Les Echos
📇 Company: Nona
🔍 Description: French startup providing a software platform to manage collective catering meals in compliance with nutritional, stock management, and regulatory requirements (Egalim law, anti-waste, organic sourcing, etc.).
💻 Website: https://www.nona.fr/
📍 HQ City: Paris
🧗 Round: Seed
💰 Amount Raised: €3.3 million (including €1.2M non-dilutive)
🏦 Investors: Banque des Territoires, Inco Ventures, Impactiviste, 50Partners Impact, RJ Ventures
👨💼👩💼 Founders: Louis Sibille
🗞️ News: The funding will allow Nona to expand into the medico-social market (nursing homes, hospitals), strengthen its modules (hygiene, traceability, environmental reporting), and target more complex markets such as secondary schools. The company currently equips 700 canteens, including Paris 12th district, La Rochelle, and Tarbes, has reached €1M in ARR, and aims for profitability by early 2027. | Les Echos
📇 Company: Manitty
🔍 Description: French digital health startup behind DeepMo, a wearable AI-powered health intelligence platform providing real-time monitoring, anomaly detection, and predictive medical support across healthcare and defense applications.
💻 Website: manitty.com
📍 HQ City: Lyon
🧗 Round: NATO DIANA Phase 2 selection (grant & accelerator program)
💰 Amount Raised: Up to €300,000 in NATO DIANA Phase 2 funding support
🏦 Investors/Partners: NATO DIANA (Defence Innovation Accelerator for the North Atlantic)
👨💼👩💼 Founders: Blasquez Philippe
🗞️ News: Manitty is the only French company and only digital health innovator selected among 15 winners (out of 2,600 applicants) for NATO DIANA Phase 2. The funding and program access will help scale DeepMo’s deployment in extreme environments, validate defence use cases, and accelerate adoption across healthcare and military ecosystems. | LinkedIn, Euractiv
📇 Company: My Auto Specialist
🔍 Description: Used home inspection service that aims to help automotive market professionals in their digital transition
💻 Website: monspecialisteauto.com
📍 HQ City: Puteaux
🧗 Round: Late VC
💰 Amount Raised: N/A
🏦 Investors: UI Investissement; IRD INVEST
👨β👩 Founders: Jean-Michel Cochet; Sacha Sardo
🗞️ News: LinkedIn
📇 Company: NRGYS
🔍 Description: Engineering and consulting for building energy performance
💻 Website: nrgys.fr
📍 HQ City: Nantes
🧗 Round: Late VC
💰 Amount Raised: N/A
🏦 Investors: Sodero Gestion
👨β👩 Founders: Patrice NORMAND
🗞️ News: LinkedIn
📇 Company: Zylio
🔍 Description: SaaS/AI startup automating indirect procurement by using an autonomous AI agent to analyze unstructured documents (quotes, invoices, purchase orders), enforce price compliance, detect anomalies, and help companies save money and time in procurement decisions.
💻 Website: Zylio
📍 HQ City: Courbevoie
🧗 Round: N/A
💰 Amount Raised: N/A
🏦 Investors: Ilan Benhaim, MFOUNDERS
👨💼👩💼 Founders: Tarik Aitakkaouali, Bertrand Dumast, Younès Samir, Oussama Kandakji
🗞️ News: Startupresearcher