The Big Deals 💣 : Tech solaire, Eodev, Upway, Bioserenity
What: Tech Solaire, a solar energy distributor.
Why: To help accelerate the transition to clean energy.
Funding: €200 million
Who: Co-Founders Jérémie Lagarrigue & Victorien Erussard
Investors: Bpifrance & Groupe Credit Agricole
What's Next: The funding will enable the company to scale operations, R&D efforts, and amplify its international footprint.
What: Eodev, a manufacturer of hydrogen fuel cell power generators.
Why: To help accelerate the transition to clean energy.
Funding: €46 million
Who: Co-Founders Jérémie Lagarrigue & Victorien Erussard
Investors: Tilt Capital Partners, Supernova Invest, CapHorn, CMA CGM Ventures, Thelem Assurances, Accor, Groupe Monnoyeur, AMFIL, Toyota
What's Next: The funding will enable EODev to strengthen its leading position in the hydrogen fuel cell power generators market by financing its investment program, the expansion of its product range and the acceleration of its commercial development.
What: Upway, a market place for reconditioned electric bikes.
Why: To help speed up the adoption of electric bikes.
Funding: €27.5 million
Who: Co-Founders, Toussaint Wattinne & Stéphane Ficaja
Investors: Korelya, Sequoia Capital, Exor Ventures, Transition Venture
What's Next: The new funding will enable Upway to continue its French and international development (notably Germany & the US where it is already implanted), double the size of its French warehouse, invest in a new LA warehouse and grow its team ( 5 to 10 news devs and product managers).
What: Bioserenity, providers of diagnostic and treatment tools for sleep, neurological, and cardiological disorders.
Why: To provide medical access for everyone, everywhere by deploying mobile healthcare units, establishing a network of medical centers in different regions, and leveraging digital tools to enhance healthcare services.
Funding: €24 million
Who: Founder and CSO, Piere Jouin
Investors: Jolt Capital
What's Next: Thanks to this funding, Bioserenity escapes liquidation. Starting afresh, the startup can now commercialize their latest product the "Neuronaute+" that has just been approved for sale in Europe and the United States.
What: Le Fourgon, a producer of returnable glass bottles and products.
Why: To help combat plastic waste.
Funding: €10 million
Who: Co-Founders Charles Christory, Maxime Tharin & Stéphane Dessein
Investors: Id4 & Teampact, La Poste Ventures managed by XAnge, and several business angels.
What's Next: Fourgon will use the new cash to expand its geographical coverage, continuing developing its private label of returnable ranges of beverages, food and household products, develop its B2B offering and recruit new staff to support its growth.
What: Defacto, an embedded B2B lending platform.
Why: To provide European SMEs with short term financing solutions
Funding: €10 million
Who: Co-Founders Jordane Giuly, Morgan O'hana & Marc-Henri Gires
Investors: Headline, Northzone, Global Founders Capital, Citi Ventures, Motier ventures
What's Next: The fintech will use the new money to significantly expand its influence in the European market, especially in Germany.