Investor Spotlight: Wind Co-Founders Thierry Vandewalle And Xavier Gury
A 25-year partnership that started as entrepreneurs has evolved into a new early-stage Deep Tech fund which has raised its first €90M toward a €130M goal.
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🔥Hot Seed Deals: Skynopy, Yumgo, Tengo & More!
Also inside: Olyzon, APREX Solutions, Midipile Mobility, Webyn.ai, Morfo, Reyouzz, and Net Carbon.
🤖 La Machine: French AI News Recap For June
Welcome to the first edition of our French AI newsletter. Each month, we'll tell you what you need to know about an ecosystem that is emerging as a global AI hub.
3D Omi Raises €13M To Invade The U.S.
Omi has infused GenAI into its SaaS platform which allows clients to render 3D photos and videos. With the new round of funding, the startup is targeting the U.S. market.
June AI Funding 🚀: Mistral AI, Poolside AI, Dust, Omi, Veeton & More!
16 French AI companies raised a VC round in June: Gireve, Descartes & Mauss, Kelvin, Deema, Morfo, Tengo, Veeton, Webyn.ai, Finovox, Quantiq Medical, Seelab, and Tetmet.
Gojob: It's Not Easy Going GenAI
The temp recruiting platform spent €40m over 15 months to develop its Gojob Aglaé virtual assistant. CEO Pascal Lorne said the unexpected development pain has paid off with massive productivity gains
French Tech News: Raising The Social Media Dead With Voodoo And BeReal
Also inside: the Great French Tech Election Freak out; and Mistral AI CEO Arthur Mensch is optimistic about France's AI ecosystem, but says the nation faces big disadvantages due to hiring rules and financing.
The Big Deals 💣 : Mistral AI, YesWeHack, C12, Omi & More!
Also inside: Materup, Hero, Ramify, Zeliq, Onafis, and Mercateam.
🧟 Voodoo 👹 + ⚠️ BeReal ⚠️ : The Black Valuation Magic 🪄 Behind Their €500M Deal 💸
While BeReal's fall from grace is now complete, the deal represents another milestone in the turnaround of Voodoo. The gaming company defied predictions of its demise and is now rumored to be on a path to an IPO. Resurrecting BeReal might be its biggest challenge yet.
Spotlight Interview: Mistral AI CEO Arthur Mensch
The co-founder recently testified at the French Senate where he addressed concerns over the nation's competitiveness in AI, problems with fundraising and recruiting in France, and what drives him personally.
Seed Scout #17: Malibou Feels Your Payroll And HR Pain
Also inside: Super Capital Co-Founder Corentin Orsini explains how a deal newsletter grew into a network of 1,000 investors and a portfolio of 180 startups.
🔥Hot Seed Deals: Kelvin, Biophta, Dealt & More!
Also inside: Descartes & Mauss, Deema, Vortex-io, Nanomade, Finovox, and Veeton.
Seed Of The Week: Malibou
The Y Combinator alum raised a €3 million Seed Round to build out its HR and payroll platform for French SMBs. The big challenge: Proving a product that targets France can scale into a giant.
Investor Spotlight: Super Capital Co-Founder Corentin Orsini
Sparked by a newsletter from a former tech journalist, Super Capital has grown into a network of 1,000 investors with 180 companies in its portfolio.
French Tech News: How LumApps Kicked Down The Exit Door
Also inside: XMOBILITY CEO Magali Alix-Toupé revs up the engine of her new Le Mans accelerator.
Exit Lessons From Bridgepoint's $650M Buyout of LumApps
Buyouts by PE firms may be the best hope for the exits that the French ecosystem craves. LumApps CEO Sébastien Ricard and Bridgepoint partner David Nicault break down the metrics that made this deal work.