
Seed Of The Week: Phospho
The open-source startup raised a €1.7m Pre-Seed round to build the picks and shovels for the GenAI Gold Rush.
The open-source startup raised a €1.7m Pre-Seed round to build the picks and shovels for the GenAI Gold Rush.
Also inside: A French FoodTech fight; Techinnov tries to build bridges between corporates and startups; Earlybird Venture Capital expands in France; and GenAI takes over the country.
The startup recently staged the first test flights of its hydrogen-electric system for low-carbon airplanes. With aerospace a major piece of the French economy, the nation is counting on such aviation innovation to secure the sector's future.
Hard talks corporate interest in startups: "We're lagging behind foreign countries and we need to catch up. I think the major groups are becoming aware of this, but we need to catch up with countries like China or the United States, and that's undeniable."
SpaceTech, security, and GenAI drew the big checks.
Plus: Agrilife Studio co-founders explain how they want to help entrepreneurs build AgTech Startups.
The new AgTech studio aims to identify ideas and founders that can be catalyzed into high-impact startups. The co-founders just raised €25 million to accelerate their mission.
GreenTech, FinTech, DeepTech are all in the crosshairs of early investors.
The GenAI startup raised a €3m Seed Round to develop a platform designed to reinvent the way creatives brainstorm new projects.
Launchmetrics CEO shares lessons from building an AI success. France Digitale offers the optimistic case for French startups in 2024. And the courtship between startups and corporations gets a boost.
AI continues to make investors swoon, but Defense Tech and Space Tech also make their case.
In the wake of a $240m deal, CEO Michael Jaïs discussed how the company's focus on practical uses of AI helped it become indispensable to fashion, beauty, and luxury brands.
Noël: "The period of plentiful cash might be over for the moment, but the recent major AI, climate, energy, and mobility-focused rounds we are seeing tell us there are more inspiring success stories to come."
Plus: Upscalers is building a new European angel investment club of experienced operators. And France's EV charging sector is zooming ahead.
According to Dealroom, France's EV startups have raised a total of €1.4bn, with €1.2bn of that since 2021. As investors continue to ramp up their support for climate startups, the EV sector has emerged as one of the hotter categories.
AI and automation continue to be hot sectors, but the circular economy and health tech attracted early-stage investors.