🔥Hot Seed Deals: Skynopy, Yumgo, Tengo & More!
What: Yumgo, a designer and manufacturer of egg replacements: alternatives to whole eggs, egg yolks, and egg whites.
Why: To provide an allergen-free alternative to eggs that offers similar culinary performance and taste as eggs, and has a 70% lower carbon footprint than conventional eggs. The product range includes liquid and powder formats and, since late 2023, the first egg-free mayonnaise.
Funding: €3 million
Who: Co-founders Rodolphe Landemaine & Anne Vincent
Investors: Blast.Club, Bpifrance Amorçage Industriel, 50 Partners & various Business Angels
What's next: The new funding will be used to develop its marketing and sales to increase brand awareness, optimize its industrial production of liquid and powder ranges, fuel its R&D, and launch new products.
What: Skynopy, a provider of end-to-end connectivity solutions for satellite operators to communicate with their satellites in Low-Earth Orbit.
Why: To modernize satellite communications by making them more efficient and less costly.
Funding: €3.1 million
Who: Co-founders are Pierre Bertrand & Antonin Hirsch
Investors: Heartcore, Kima Ventures, Better Angle, Bpifrance & various Business Angels
What's next: This first funding round will enable the French space startup to develop its turnkey connectivity service for low Earth orbit satellite operators, thereby meeting the growing demands of the rapidly expanding space industry.
What: Tengo, a SaaS platform that helps businesses win more public tenders.
Why: To enable more businesses to tap into opportunities in the public procurement market.
Funding: €3 million
Who: Co-founders Hugues Renou & Yoann Gauthier
Investors: Point Nine
What's next: The fresh cash will allow Tengo to make the public tender market more accessible to all businesses by accelerating the integration of AI into its product with AI-powered response assistance features (currently being tested by clients).
What: Olyzon, a SaaS specializing in monetizing content on connected TV (CTV).
Why: To help advertisers, content owners, and distributors enhance brand uplift, optimize user engagement, and maximize return on advertising spend.
Funding: €3 million
Who: Co-founders Jules Minvielle, Mathieu Desvé & Martin Danet
Investors: Eurazeo, Ventech, Kima Ventures, and 50 business angels, including Ben Antier (Publica), Mathieu Azorin (Storetail), Ionut Ciobotaru (Pubnative), Better Angle, Rémi Lemonnier and Julien Hirth (Scibids), and Romain Job (Equativ).
What's next: The funding will be used to invest in the development of new advertising formats, enhance its contextual and emotional targeting capabilities, and optimize user experience with advanced AI-driven algorithms.
What: APREX Solutions, an industrial startup specializing in industrial vision and image analysis.
Why: To meet the needs for optimization and automation of quality control operations and monitoring of manufacturing processes in the industry
Funding: €2.1 million
Who: Co-founders Romain Baude & Mikaël Desecures
Investors: Yeast, Hand Partners, Groupe Mermoz, PBA, Bpifrance, BPALC, CIC & BNP Paribas
What's next: The new funding will go towards accelerating the startup's commercial development and territorial coverage in France and Europe.
What: Midipile Mobility, a B2B subscription-based electric vehicle mobility service for last-mile delivery.
Why: To enable logistics professionals to deliver more and faster in saturated urban areas.
Funding: €2 million
Who: Co-founders Benoit Trouve & Ehouarn Cotonea
Investors: Team for the Planet, Arts et Métiers Business Angels, WeLike, Chaudronnerie Lespinasse, Club Midipile
What's next: The new funding will go towards industrializing the startup's pedal and solar-powered vehicule.
Who: Webyn.ai is a SaaS platform that uses AI to generate web pages that are optimized and personalized for each visitor.
Why: To increase sales and conversation rates for businesses.
Funding: €1.2 million
Who: Co-founders Vincent Oliveira and Alexandre Farhat
Investors: Tomcat Invest, Sharpstone Capital, Sphère Ventures, Business Angels
What's Next: Webyn just completed the acceleration program at Tomcat Factory and is now targeting the French market, then Europe, before a global expansion. The money will be used for R&D and to expand marketing.
What: Morfo is using local seeds, biological symbioses, drones, and artificial intelligence to catalyze reforestation and fight global warming.
Why: To restore 100 million hectares of forests by 2050.
Funding: €4.0m angel round extension.
Who: Co-Founders Hugo Asselin, Pascal Asselin, and Adrien Pagès.
Investors: French footballers Antoine Dupont and Raphaël Varane
What's Next: Morfo will accelerate development and open a new lab in Rio. The startup has already launched around 20 in French Guyane and Gabon. Morfo s'appuie sur des drones pour restaurer 100 millions d'hectares de forêts d'ici 2050.
What: Swaive is the first investment platform specializing in risk-free investments. Swaive makes it possible to earn interest on household savings and corporate cash flow, in just a few clicks, from the best banks, without taking any risk. With Swaive, you benefit from simplified, secure management of your funds, with investment solutions that guarantee security and yield.
Why: With Swaive, we have set ourselves the mission of remunerating the dormant money of the French by democratizing access to secure investments, combining capital guarantees and rapid availability of funds. Our solution makes it possible to remunerate both individual savings and corporate cash flow from the best banks,”
Who: Co-Founders are Karen-Laure Mrejen and Marine Otero Del Val
Funding: €2.2 million Pre-Seed
Investors: Motier Ventures led the round which also included money from Aglaé Ventures, Kima Ventures, and various business angels such as Better Angle, Mark Ransford, Benoit Grassin, Edward Lando, Quentin Vigneau, Alexis Bonillo, Steve Abou Rjeily, and Charles Sutton. Merci à Roxanne Varza et à STATION F pour l’incubation au Founders Program 2024, ainsi qu’à l’équipe de platform58 • incubateur fintech.
What's Next: With the capital raised, Swaive plans to further develop its platform and expand its workforce, focusing on roles such as software engineers and front-end developers.
What: Reyouzz, an inventor of connected, automated used object terminals for the recycling and repurposing of household appliances.
Why: To simplify the recovery and refurbishment of electronic devices, from smartphones to household appliances and computers.
Funding: €1.5 million
Who: Co-Founders Romain Deffrenne & Clément Sanchez
Investors: Various Business Angels
What's Next: The fresh cash will go towards supporting the deployment of its used object collection terminals within mass retail stores.
What: Netcarbon, a SaaS platform using satellite imagery and artificial intelligence to monitor soil conditions and recommend the most effective soil management practices to help capture carbon through for ex, the planting of cover crops and hedgerows.
Why: To optimize carbon capture by maximizing land use efficiency for carbon storage, ecosystem restoration, and biodiversity promotion.
Funding: €1 million
Who: Co-Founders Adrien Mazeau et Basile Goussard
Investors: 4Elements, Bpifrance
What's Next: The funding round will enable the startup to expand its sales teams and enhance its platform capabilities, aiming to quickly scale nationally and later across Europe.